Freedom Mentor Review – is Phil Pustejovsky’s real estate mentoring program a scam?

Freedom Mentor is a real estate mentoring program that shows you how to get into the world of real estate.Freedom Mentor

In our Freedom Mentor review, I’ll give you a rundown of the whole program.

Everyone praises real estate as an amazing investment, a great business model, you name it. The goal of many is to either become financially free directly through real estate or through some other means then invest their profits into real estate.

Thanks to this enthusiasm, there have been tons of real estate scams for years. Most of them promise quick, easy, low-risk riches

You’ve probably heard of those house-flipping seminar scams. The presenters persuade you to buy a property by providing some useful but mostly garbage information, have you sign contracts to prevent you from suing, then they screw you over because the properties they were hyping up weren’t great at all.

There’re plenty more types of real estate scams beyond those seminars, too.

Phil Pustejovsky’s Freedom Mentor apprentice program isn’t one of them. It’s actually a good program, but it’s definitely not for everybody.

Read our full Freedom Mentor review below for more information.

FAQ

1.) What is Freedom Mentor? Freedom Mentor is a real estate mentoring program created by real estate investor Phil Pustejovsky. It’s also the name of the rest of Phil’s real estate education business.

2.) Who is Phil Pustejovsky? Phil Pustejovsky is a real estate investor, author, mentor, coach, and founder of Freedom Mentor. He also runs an extremely popular Freedom Mentor YouTube channel where he gives away free advice and opinions. In addition to his businesses, he puts on live events.

3.) How do I join Freedom Mentor? To join Freedom Mentor, you have to apply on the site. Once you apply, a member of Phil’s team will reach out to you sometime afterward to discuss the program. You’ll then be screened on the call to determine if you’re a worthy candidate.

4.) How does Freedom Mentor work? You split the profits 50/50 with Phil until you’ve reached $100,000. What this does is give Phil “skin in the game” so he’s further motivated to secure the best deals, making this a win-win program.

5.) What else does Freedom Mentor’s Apprentice program include? Freedom Mentor includes access to a lender database, 2 conference calls per week with other apprentices, daily communication with Freedom Mentor’s coaching staff, and 3 calls per month with the coaching staff.

6.) A little background on Phil? Phil graduated from Vanderbilt University. He claims he partied so hard during that time that he ended up homeless and living out of a truck. He failed his first few times in real estate, then decided to get a mentor when he hit rock bottom. Slowly but surely, he began to build his wealth in real estate and he eventually became financially free. He founded Freedom Mentor to help others through the power of mentoring and coaching.

7.) What businesses does Phil run aside from Freedom Mentor? Aside from Freedom Mentor, Phil’s other business is a real estate firm called Relief Real Estate that buys houses from homeowners with an emphasis on fast, simple, fair deals.

8.) What is Phil’s real estate investing philosophy? Phil adheres to what he calls “creative real estate”. Creative real estate is essentially any real estate investing that doesn’t follow traditional methods. Phil’s creative real estate investing is about seeking out motivated sellers and negotiating directly with them.

9.) What does Phil mean by a motivated seller? A motivated seller to Phil is any seller who you can contact directly and negotiate a deal. This is advantageous because there’s no real estate agent to pay, less competition, and more negotiating power. You can negotiate on a price multiple times instead of submitting your bid and hoping the seller takes it.

10.) What are some characteristics of traditional real estate investing? In traditional real estate investing, investors look to buy properties from the Multiple Listing Service through a real estate agent. Other characteristics include buying from wholesalers, participating in property bidding wars, traditional financing, heavy competition, and a need to constantly seek out deals. Essentially, traditional real estate investing requires a lot of money.

11.) What are some benefits of traditional real estate investing? Traditional real estate investing does have some advantages. Its main advantage is the ability to snag properties more quickly. When you have a lot of money to play around with, getting properties is as easy as bidding on multiple properties through a real estate agent and closing a deal. Also, traditional real estate is great for scoring long-term deals since you can provide cash up front instead of relying on seller financing. In addition, auctions are a part of traditional real estate. Properties are guaranteed to sell at auctions, so they’re easy targets if you want to find new properties. Lastly, creative real estate tends to have worse educational programs out there than traditional real estate.

12.) What are some characteristics of creative real estate investing? In Phil’s take on creative real estate investing, it’s all about seeking out motivated sellers. You don’t need a lot of cash or credit, because you’ll be negotiating directly with the seller and possible obtain seller financing. Speaking of seller financing, that’s just when the property owner provides the buyer financing directly so they don’t have to go to a bank.

13.) What are some benefits of creative real estate investing? Creative real estate’s main benefit is the low barrier to entry. If you follow Phil’s model, you need neither money nor credit to break into real estate investing. In traditional real estate, you need the money to buy the properties or the credit to obtain the financing. Less competition in creative real estate means you can take more time to scope out good deals and negotiate on a fair price. Phil discusses yet another advantage in his course: when institutional investors like Wall Street buy up properties, people freak out. The creative investor thinks “great, I can just sell my properties to Wall Street for large gains!”.

14.) What is the Multiple Listing Service? The Multiple Listing Service, or MLS for short, is a suite of services real estate brokers use to facilitate real estate transactions. The most prominent feature is the list of properties. You have to be a real estate agent to gain access to the MLS.

15.) What is Phil’s Creative Real Estate Formula? It has 6 steps: Generate Leads, Qualify Leads, Contract, Deal Evaluation, Exit Strategy, and Close. Generate Leads involves finding motivated sellers, Qualify Leads is when you first meet with leads and inspect the property, Contract is when you make an offer and get a contract, Deal Evaluation is when you thoroughly inspect the property and all related items like the title and tax liens, Exit Strategy is when you fix up the house and prepare to sell it, and Close is all about closing the deal.

16.) What is house flipping? House flipping is a real estate business model where you buy properties with the intent to later sell for a profit. Usually, house flippers buy an undervalued or poor-condition house, fix it up, then sell it when the value of the house appreciates.

17.) What does Phil look for in candidates for the Apprentice program? Phil wants his apprentices to be coachable, action-oriented, honest, committed, and to have a positive mental attitude. Essentially, he wants open-minded, honest students who are dedicated to taking action and succeeding in real estate despite any challenges that come their way.

18.) How much can I earn as a Freedom Mentor apprentice? You can make a good amount of money. You might think you won’t since you’re splitting net profits 50/50 with Phil, but that aligns Phil’s interests with yours. Since he also earns money on successful deals, he’s just as motivated to try and earn a lot of money. Still, you won’t become a millionaire overnight, and you shouldn’t expect the wild success he depicts in his testimonials.

19.) How much does Freedom Mentor cost? Freedom Mentor costs $3,000 upfront plus a $197 per month membership fee.

20.) Does Freedom Mentor offer a free trial? No. This is a mentor program, so Phil can’t offer a free trial.

21.) Are there any upsells? No.

22.) Are there any downsells? Yes, Phil offers a free real estate course called Creative Real Estate Investing And Flipping Houses, a few of his books, and a Pre Apprentice program as downsells. His books are called How To Be A Real Estate Investor and Real Estate Investing Gone Bad. How To Be A Real Estate Investor is a step-by-step guide for beginners to get into real estate with little cash or credit. Real Estate Investing Gone Bad is a compilation of 21 case studies of real estate deals that fell through for various reasons. The free real estate course introduces you to creative real estate investing, teaching you Phil’s creative real estate formula, general real estate content, and some mindset stuff. The Pre Apprentice program contains a whole lot of features, which I’ll name in the next FAQ.

23.) What is in the Pre Apprentice program? The Pre Apprentice program contains a 10-chapter real estate Supercourse, a success blueprint with step-by-step plans to follow every week, quick start audio and video trainings, a list of funding resources, a library of real estate document templates, a preferred vendor network they call their “million-dollar rolodex”, a knowledge center, the ePartner real estate dealmaking automation software, completed buyer and seller websites for professionalism, a lender database, and 30 days of coaching with Phil.

24.) How much do the downsells cost? Real Estate Investing Gone Bad is $9.99 on Amazon, but you can get it for free on Kindle with an Audible free trial. How To Be A Real Estate Investor normally costs $9.97 on Amazon, but you can get it free by entering your email on Freedom Mentor’s site. Phil also sends you a free investor training video series if you request a free copy of How To Be A Real Estate Investor. The Pre Apprentice Program costs $997.

25.) What is Freedom Mentor’s refund policy? The mentorship program doesn’t offer refunds. The Pre Apprentice program offers a full refund if you email their support team requesting a refund within 3 days of purchasing the Pre Apprentice program.

26.) Does Freedom Mentor have an affiliate program? No.

27.) What is Freedom Mentor’s BBB rating? Freedom Mentor isn’t on the BBB, but Phil’s real estate company called Relief Real Estate has an A+.

28.) Who is Freedom Mentor best for? Freedom Mentor is best for people who want to get into the real estate industry full-time or want to take their investing endeavors to the next level. It’s not for the casual investor.

28.) Does Freedom Mentor have any relation to Your Freedom Mentor? No. Your Freedom Mentor is an affiliate marketing MLM with no relation to Phil’s Freedom Mentor.

29.) Is Freedom Mentor a scam? No. It’s pricy and Phil takes half the profits, but he’s a successful investor and many of his apprentices find plenty of success too.

30.) Comparable Products: Lease Option Pro, Bigger Pockets

Freedom Mentor Review – Overview

Freedom Mentor is a real estate mentoring program that gives investors the rare opportunity to earn money while learning from and working with a successful real estate investor.

That real estate investor is Phil Pustejovsky. A little background on Phil first.

Phil attended and graduated from Vanderbilt University.

While there, he partied extremely hard and still managed to squeak by with a mechanical engineering degree.

His poor GPA made the job hunt a struggle, though, so he took a job as a valet, which he says humbled him and taught he had to work for what he wanted. Phil asked many of the wealthy valet clients for advice, and many of them said real estate go them rich.

The seeds were planted, but his journey started out rough. His first real estate deal fell through and left him homeless and living out of a truck.

Phil then stumbled upon a veteran investor who would later become his mentor after he hit rock bottom. Slowly but surely, he began to build his wealth in real estate and he eventually became financially free. So financially free, in fact, that he’s “retired” to a waterfront mansion in Florida.

He calls his philosophy”creative real estate investing”. In broad terms, this is anything real estate investing method that doesn’t involve traditional characteristics like using the Multiple Listing Service or real estate agents. Phil’s take is to market to and negotiate directly with sellers to avoid the hassle and competition involved in traditional investing.

In Freedom Mentor, he partners with his apprentices to strike these deals, and yes, the apprentices get paid.

Information on the program can be hard to come by, though, so read the rest of our Freedom Mentor review below.

Product

Freedom Mentor partners you with Phil to learn real estate with real-world deals. Other features include a personalized investment plan, access to a lender database, 2 conference calls per week with other apprentices, daily communication with Freedom Mentor’s coaching staff, and 3 calls per month with the coaching staff.

First, the program itself.

You and Phil partner up to form an actual real estate business. Phil splits all net profits with you 50/50. What this does is incentivize him to work hard and find good deals.

And by finding good deals, you’ll both make money AND you’ll learn what an actual real estate deal looks like.

The personalized investment plan is what you follow.

You work with Phil’s staff to create a plan based on your goals.

The lender database is a nice addition.

You can use this database to seek out funding when you need it. Phil’s big on creative real estate, but sometimes you do need a bit of financing.

Then you get 2 conference calls per week with other apprentices.

On these calls, you can share stories from your time in the real estate trenches. You’ll get to establish some camaraderie with other apprentices.

Of course, you talk a lot with the coaching staff too.

The coaching staff keeps in contact with you on a daily basis since you’re part of a real estate business. In addition to that, you get 3 coaching calls per month where they’ll help you overcome the obstacles you’re bound to run into in real estate.

I think the intention of the bonuses is to provide the formal education portion. The main part of the program is the “on-the-job” learning portion, kind of like a real estate “internship”.

Upsells and Downsells

Freedom Mentor has no upsells, but it has 4 downsells. They are his free Creative Real Estate Investing And Flipping Houses course, his two books called How To Be A Real Estate Investor and Real Estate Investing Gone Bad, and his Pre Apprentice program.

His free course introduces you to his creative real estate investing philosophy. It’s split into 7 modules: Getting Started, Creative Vs. Traditional Real Estate Investing, Step By Step Creative Real Estate Investing Formula, Buying Real Estate Without Cash Or Credit, Flipping Houses Wisdom, Planning Your Future in Real Estate, and What You Need To Know Before You Start Investing.

There is a lot of content packed into the free course. If you’re willing to strike out on your own without Phil and pursue creative real estate investing, I bet the free course has everything you need to get started.

All you need is a free Teachable student account to enroll in his free course.

How To Be A Real Estate Investor is a simple, step-by-step guide for beginner investors to break into real estate with little cash or credit.

Real Estate Investing Gone Bad has 21 case studies about real estate deals that failed. Usually, the deals involved new investors or investors buying properties they weren’t experienced with. Everyone always hypes up real estate as the greatest investment out there, so it’s cool that Phil is able to balance that out with a book that shows real estate isn’t some get-rich-quick scheme.

The Pre Apprentice Program contains a creative real estate investing “supercourse”, a list of sites to find buyers and sellers, 1 year of access to ePartner real estate software, a library of form templates, a rolodex, a quick start video and audio series, a knowledge center, Phil’s Fast Cash Success Blueprint, access to deal funding, and 30 days of coaching with Phil.

You can’t easily find the Pre Apprentice program without searching for it on his site with the search bar.

Pricing

Freedom Mentor costs $3,000 upfront plus a $197 per month membership fee.

How To Be A Real Estate Investor costs $9.97 on Amazon. However, Phil offers it as a free lead magnet on his site if you give him your email. He also includes a free investor training video series if you opt for the free book, so there’s no point in buying it off Amazon.

Real Estate Investing Gone Bad costs $9.99 on Amazon, but you can sign up for an Audible free trial and get the audiobook version for free.

The Pre Apprentice program costs $997.

Affiliate Program

Freedom Mentor’s apprentice program does not have an affiliate program. Phil only wants the most serious aspiring real estate entrepreneurs in his program, similar to how Jeff Samis only wants the most serious students in his Profit League community.

Phil’s other Freedom Mentor products don’t have affiliate opportunities either, unfortunately.

Recap

Freedom Mentor isn’t a scam.

There are tons of real estate courses out there, like Kris Krohn’s Lease Option Pro. However, there are not a lot of formal mentor programs where you can earn money while breaking into real estate.

Sure, it’s expensive. But again, it’s more than just a real estate course.

You could learn by reading online resources and trying your hand at real estate yourself, or you can cut your learning curve by investing in your education.

Neither way is wrong as long as you’re serious about making money in real estate.

Phil gives you both options with Freedom Mentor anyways.

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