Dave
Consider other options
For anywhere from $1,000-$50,000 down (they determine what you pay down according to what you say you make in your initial phone call), you get 9 private mentor calls, 30 group coaching calls, and a certain number of e-mail messages. If you run out of calls, you have to pay more. If you run out of e-mails, you have to pay more. For the calls, you have to pay for each minute at 0.01 cent with your cell phone provider. The application process is to find out information to use against you to get a sale. There are no "limited spaces" or "we're almost at capacity," that's marketing language. If you have the money, you're in. There are many costs associated beyond the initial fee you give him: you have to pay for your website ($20/yr), LLC set-up ($150-$300), business address ($25/mo), $197.00 per month ePartner fee, $600-$2,000/mo to google to get your website to show up on the search engine, $25-$200/mo for MLS access, transportation to and from properties, $700 for title, inspections & appraisals, $500-$1500 for agents & attorneys (listing agent, closing attorney, buyers agent, real estate agent), they don't fund rehabs/repairs ($600-$30,000), and the list goes on... There are only 4 mentors available per week in group coaching to handle 100s of students, and they don't reply to your e-mails soon enough to help you make quick decisions. Instead of mentor, a more fitting title would be "help line or hot line associates." They are a group of people on a help hotline. You wait in line for 1hr to speak, get some quick ideas and then hang up. They don't research your leads beforehand, don't follow up with you afterwards, and forget everything once you hang up. They don't develop a caring and lasting relationship with you like Phil purports to have had with his own mentor. Everything you are given is all available for free in his YouTube channel, books, blogs, websites, etc so you're not getting any information the public doesn't get. When you sign up he sends you all of his YT videos and a 1000 page manual in a packet, but as you start looking at it you realize he never gets around to the important things like how to find out comps, rehab costs, ARV, figuring out offers, and negotiating/financing. You will be lost. Overall, I do not recommend this program. If you add the 50% he takes from your profit plus you use them to fund your deals (which he charges interest on at 15%-25%), that brings him to taking nearly 80% of what you make. In addition, if you don't meet the $250,000 split profit goal soon enough, you will not get your down payment back. For example, if it takes you 2 years to meet that goal and you put down $7,000, you're really only getting $2,200 back due to the monthly $200 ePartner fee. Consider another option. (The people who call you in the application process are experts at placing guilt on you if you say no. They get angry raise their voice, use info from your application against you, insult you and downplay your hesitations. I was heavily pressured and paid $7,000 for this program. Phil sees us as "suckers," in all of his videos he talks about "sucker investors." And a sucker would pay him $7,000 instead of putting it into their business and finding local mentors)
Response from Freedom MentorFeb 27, 2020
It's really sad to see a random, hateful person direct such false and slanderous venom towards our company. But as you know, haters are going to hate. The author of the above was most certainly NOT a customer of ours because of the nonsense that was written. No one who has ever been in our program would ever even consider claiming that "you're not getting any information the public doesn't get" nor would they deny how much we care for our mentees. To fully respond to all of the lies and false statements contained herein would require an explanation even longer than the above noise. So to short cut it for you, ignore the above garbage. Instead, we encourage you to read hundreds of other reviews to get an authentic understanding of our company and our services; and not just on this site, either, but feel free to venture off into other places too, like freedommentorreviews dot com, which has videos so you can watch real people sharing their real experiences with our program and our company (rather than fake junk like above).