Mentor Programs
I'm a beggining RE investor. I'm considering investing in a mentor program. The mentor program was found when I read the book (Making big money ivesting in foreclosures without cash or credit).The book is a good book. There is a link to a mentor financial group. I've applied to this group to be a mentor student. However, the cost of the program is'nt inexpensive. There a three ways to pay for the program. The mentor group guarantees results or your money back. I'm wondering does anyone out there have any experience with this particular progam? Has anyone ever paricipated in such a mentor program and what results did you obtain? Was it worth the cost of the program? Did you make money? Is this mentor program a SCAM? Can anyone shed light on this subject? Please I need your help! :-?
I did it and in my opinion, it is not all it is cracked up to be. I learn more from this board and my contacts at the local REI club than I do from my "mentor". BTW, you don't really get a mentor, you get to post questions on a chat board and call in to conference calls.
Lassitermarketing -
you're the first person I've heard of that's been dissatisfied with the material. I don't have time to get into how valuable that mentorship program is. Needless to say I think it's worth the money.
Don't take this as an attack on you lassiter - but how long ago did you sign up? Then how many deals have you completed since then? I have also learned a great deal on these boards and they are great. However I can't see how anyone could speak ill of the program.
Ryan J. Schnabel
Can anyone supply me with specifics about this particular mentorship program. Does anyone out there have any experience with the Conti and Finkel mentorship program? Could you give a reccomendation either way please. :-?
Having a mentor is an important part of succeeding quickly and reducing the "knocks" in the "school of hard knocks".
Now how you go about getting that mentor(s) is a key. Also, how ready you are for mentoring.
I'm not sure someone who just read their first book and is raring to go, would be spending money wisely with an expensive mentoring program. IMO.
I have looked into a variety of programs. Ones that charge big money to join, or some who charge as little as $50 per mo with stairstepped 10%-50% sharing of proceeds for your first five deals.
What I have done: Join REI club. Very important! Take some simple courses through them and attend free seminars.
Make contacts! Network! I have found several experienced investors willing to answer my calls and my questions through this club. For free.
They know, what comes around goes around. When I find a deal to wholesale, these guys are the first I call. It is my intention to do the same to the newbies I meet and help.
These guys are a great source of reassurance to me. On my club email list, I simply have to ask a question, and I get a few helpful replies, much like this site.
Some gurus are there for you at a very reasonable price. I purchased John Lockes subto manual. Not only did I get valuable amunition in my repetoire, but I am able to call him 24/7. Have not yet, but I hear all the time of others that do. Very reassuring.
So my point is, a mentor is great. If you have the funds, some may be worth the expense. If you do not, there are ways to get help that won't sap your finances, as I have done. Both will work if your serious about succeeding in this business.
Hope that philosophy from a newbie on how to get started helps in some way..
regards,
john 8-) [ Edited by rainforrester on Date 03/21/2004 ]