Hi. I am totally new to REI and browsing my local(BC, Canada) investor's clubs and so on I found kinda interesting 'mentoring' program where you pay 5000 deposit. However if you will prove yourself as a hardworking, teachable individual who is willing to work hard and will successfully finish 3 joint ventures with them the deposit will be 100% returned and you become a partner. Here is their pitch:
Live + Online + Coaching Instruction Refundable Deposit $4,997 + GST
100% of the deposit is refunded after you make 3 Joint Venture Deals with us.
Here is just some of what you will learn:
How to Find & Negotiate Low or No Money Down Real Estate Deals;
How to Evaluate Real Estate Deals before making commitments;
When to Buy and when to Sell;
How to Structure No Money Down Transactions;
How to legally arrange 100% financing;
Who you need on your team;
How to find good tenants/buyers;
How to rent and sell property for top price;
The most common real estate investors’ mistakes;
Myths and truths about no money down purchases;
As long as you dedicate at least 10 hrs per week for training and generating creative real estate leads/deals, the training is free. We ask for a deposit only because we know that a student who has actually made a real investment will likely stay and finish the program.
Any thoughts about that? Seems like risk free, but in the modern world is better to be a little skeptical.
Thanks for any opinion.
P.S. If you are investor in BC area and need/want a guy with a lot of experience in construction, rehabbing, landscaping and with knowledge of BC and Canadian building codes I am willing to help you out for free! I can help you with rehabbing, design, structural advice, etc. Also my spouse is a real estate Lawyer so we can offer a discount for the services. I am based at Langley, BC.
Cheers,
Roman K.
