Are you interested in learning more about investing in real estate? There’s a good probability you’ve come across a program named Freedom Mentor at least a few times.
Do your research before you dabble into a new venture. In this freedom mentor apprentice program review, we take a closer look at the mentoring program and share if it’s legit or a scam. This way, you can find the real way to make money online and avoid scams.
Table of Contents
- Freedom Mentor Review – What Is It?
- About the Founder – Phil Pustejovsky
- A Closer Look At The Freedom Mentor Apprentice Program
- What Is Creative Real Estate Investing?
- What Is The Freedom Mentor Apprentice Program?
- What Does Freedom Mentor Provide?
- Freedom Mentorship Pricing
- Freedom Mentor Upsells and Downsells
- Things To Consider
- Ridiculously overpriced
- A lot of negative reviews
- Lack of transparency
- Who is Freedom Mentor For?
- Is Freedom Mentor a Scam?
- Is Freedom Mentor Legit?
- Looking To Make Your First Dollar Online?
- Frequently Asked Questions (FAQs)
- What is Freedom Mentor?
- How can I become a member of Freedom Mentor?
- How does Freedom Mentor operate?
- What else is included in Freedom Mentor’s Apprentice program?
- What characteristics distinguish traditional real estate investing?
- What are some of the advantages of traditional real estate investing?
- What exactly is house flipping?
- What qualities does Phil look for in Apprentice candidates?
- What is Phil’s approach to real estate investing?
- What exactly does Phil mean by “motivated seller”?
- How much money can I make as a Freedom Mentor trainee?
- What is the refund policy at Freedom Mentor?
- What is the BBB rating of Freedom Mentor?
- Is there a free trial period for Freedom Mentor?
- Is The Book Realistic?
Freedom Mentor Review – What Is It?
Freedom Mentor is a real estate investment program launched by Phil Pustejovsky. It would cost you $3,000 to join Freedom Mentor one-time and incur a $197 monthly membership fee.
The program claims to benefit people who want to level up their investment skills in real estate. It’s also for those interested in doing this full-time. However, according to other freedom mentor apprentice program reviews, the program is a little too expensive and comes with a mixed bag of reviews.
Phil and his team say there can’t be a better time to get started with real estate. He says you definitely need a mentor to succeed in the space, to which we agree. It’s always a good idea to follow in someone’s footsteps who has been there before.
It’s true for almost anything you’re willing to do, but his credibility is the main question here. There’s another product named Your Freedom Mentor. And it has nothing to do with this program. It’s focused on affiliate marketing, and there are complaints of it being a scam.
About the Founder – Phil Pustejovsky
Phil Pustejovsky is most recognized for being “North America’s premier real estate mentor,” a moniker he has given himself. He is a best-selling author and seasoned real estate investor with thousands of deals under his belt.
Phil was born in Texas and worked 9 to 5 jobs that he disliked, became weary of, and fell asleep at. He got into an argument with his direct boss about one day off, and to make a long story short, he ended himself without a job, living out of his car and eating canned vegetables.
However, Phil’s life improved once he became homeless and unemployed. He claims he met his mentor on his first flop, and the mentor volunteered to teach him all he knew in exchange for splitting the profit 50/50.
Phil is now married, lives in Florida, and runs a successful real estate investing company. He provides the same hands-on mentorship that helped him succeed in life in exchange for a 50/50 split of the deals his advisees close.
Phil claims to have failed at the beginning with real estate investing a few times. He then stumbled across a person named Tom (his mentor) who guided him through the process.
Thanks to Tom, he has hit a revenue of $50 million in sales and has grown his portfolio over time. He claims he can teach you what he learned from his mentor so you can potentially replicate his success with the Freedom Mentor program.
Phil promotes his program through books and YouTube videos, which he uses as his primary teaching method. He is a best-selling author who travels the country giving talks about real estate business models. He has been on CBS MoneyWatch, The Wall Street Journal’s MarketWatch, and Yahoo! Finance.
On stage, he shared the platform alongside speakers such as Robert Kiyosaki, Robert Shemin, and Peter Conti; and published in several renowned magazines such as Entrepreneur Inc., Huffington Post, and Business Insider.
Despite being freedom mentor team that includes the Freedom Mentor corporate entity, Phil Pustejovsky is the “Freedom Mentor,” with the mentoring program based on the story of his brand.
A Closer Look At The Freedom Mentor Apprentice Program
The system comes with a unique 50/50 revenue split system. Not only do you get to learn cutting-edge strategies, but you’re also partnering up directly with your mentor. The company mentor will partner up with you in every deal you make.
It will be a 50-50 partnership. You will get to test your skills in real-time, and since the mentor will also be invested in the real, you’re more likely to succeed (and learn better). It should help in boosting your confidence level.
The owner also gives away a digital copy of his best-seller book “How to be a real estate investor” with the mentorship program. The book supposedly contains real estate investing strategies that are practical and simple to implement.
What Is Creative Real Estate Investing?
As Phil states, CREI is his introductory course, which he created by compiling his most successful YouTube videos about Creative Investing and House Flipping.
It is the epitome of real estate investment, and those who follow his advice make better real estate judgments and profits and will become successful real estate investors.
The CREI is a seven-week program that teaches the fundamentals of creative real estate investment and examines any questions or concerns you may have.
What Is The Freedom Mentor Apprentice Program?
After finishing the free Freedom Mentor Program, you may go to Phil’s website and sign up for his apprentice program, which will teach you about creative investment.
All that is necessary is the identification of motivated sellers and the purchase and sale of properties. Doesn’t it look simple?
Phil had the following to say about the training program:
“A real estate mentor. He took my hand and guided me through the process of becoming a successful real estate investor. Trying it alone is the greatest mistake you can do.”
Phil’s recruitment page includes the following information:
- True Business Intelligence
- More self-assurance
- Extra Time
- More liberty
See Related: Is InteleTravel a Scam or a Legit Travel Biz Op?
What Does Freedom Mentor Provide?
Freedom Mentor Training offers free services. Furthermore, Freedom Mentor provides an additional course that teaches the following lessons:
- Getting Started
- Purchasing Real Estate Without Cash or Credit (UCF Lecture)
- Creative Real Estate Investing Formula in Steps
- House Flipping Tips
- What You Should Know Before You Begin Investing
- Real Estate Investment Planning
That’s a lot of content, and the course includes a collection of accessible YouTube films from Phil’s channel.
The added value stems from the carefully designed structure of the movies, which are offered in a user-friendly style and guide you through the various procedures. They are best watched in the order prescribed by the course. Enrolling in the course makes sense if you want to learn as soon as possible.
In the previous five years, around three million people have seen Phil’s debut video. Surprisingly, the channel has 300,000 followers and is named after Phil but does not mention his firm, “Freedom Mentor.”
Phil started on YouTube, which is how Freedom Mentor became a popular digital real estate investing program. Phil was among the first members of the real estate room to use the site.
The channel debuted in 2009 and has already accumulated over 100 million views. Phil’s teaching, personality, and enthusiasm on camera have helped it achieve global acclaim. He has the ability to simplify complex topics.
Phil claims that what sets his channel apart from other real estate-focused media is that what you learn is the “pure signal (truth)” rather than the “noise” found elsewhere.
Furthermore, Freedom Mentor has a separate web page dubbed ‘Inspiration,’ which features accounts of how ordinary individuals altered their lives and secured important transactions after making the switch.
The assessments explain each person’s life, including a photograph and a brief video testimony.
However, determining the credibility of these freedom mentor reviews is challenging. The length of the remark, good or negative, is the greatest method to identify whether a review is legitimate or not. Short favorable or negative customer reviews are often fabricated.
Freedom Mentorship Pricing
The program is expensive at $3,000 one-time and then a recurring $197 per month. If you’re accepted, this is what you’ll be getting:
- Tailor-made investing plan
- Lead gen software
- Two conference calls per week with your mentor(s)
- Email support
- 3 coaching calls every month
Someone from the team will connect with you after you’ve submitted your name, email, and contact information. Alternatively, you can get in touch with their team via phone.
The program is a little expensive and is definitely not for everyone. However, if you’re passionate about real estate, this may be something you may want to add to your checklist. It’s worth noting you can always test the waters with something cheaper on online learning platforms.
If you happen to do a search on Udemy, you can find almost any course on real estate investing for as little as $10. It is not the case with every course, but most are priced around the $20 bracket.
There’s a mountain of information out there. If you really want to get up to speed with something, you can really have what you want. We don’t need to shell out thousands of dollars for a product that may/may not work. In the latter, it will be a total disaster considering the amount.
There are a lot of positive reviews for the product, which you can find online, but there are also some critical reviews that you may want to consider.
With one of them, Phil Pustejovsky himself commented on a review. That’s interesting, and it’s a positive sign. If the program is a scam, the owner would not want to show his face publicly, let alone interact with the community.
The 50/50 split is a good thing for learning, but it can cost you a lot of money. What if the deals are in millions; you’d end up losing a big chunk every single time. It makes no sense to have someone stay as an unwanted partner.
To join the Freedom Mentor team and become a freedom mentor’s coaching staff, you must first register on the website. Following your application, a member of Phil’s staff will contact you to explore the program. You will be called to determine whether you are an eligible candidate.
To be considered for admission, you must demonstrate that you are coachable, committed, honest, action-oriented, and have a positive mental attitude.
Freedom Mentor Upsells and Downsells
There are no upsells in Freedom Mentor, however, there are four downsells. His free Creative Real Estate Investing And Flipping Houses course, his two books How To Be A Real Estate Investor and Real Estate Investing Gone Bad, and his Pre Apprentice program are among them.
The free course has a lot of information. If you’re ready to go it alone without Phil and explore innovative real estate investment, I’m sure the free course will get you started. To enroll in his free course, all you need is a free Teachable student account.
How To Be A Real Estate Investor is a basic, step-by-step tutorial for new investors looking to get started in real estate with little money or credit.
Real Estate Investing Gone Bad contains 21 case studies of unsuccessful real estate transactions. Typically, the transactions involved new investors or investors purchasing properties with which they were unfamiliar. Everyone constantly touts real estate as the best investment out there, so it’s nice that Phil can counteract that with a book that proves real estate isn’t a get-rich-quick gimmick.
A creative real estate investing “super course,” a list of sites to find buyers and sellers, a Rolodex, 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 are all included in the Pre Apprentice Program.
You can’t discover the Pre Apprentice program without using the search box on his website.
Things To Consider
There’s not a lot to like about the platform for many reasons.
The cost of joining this mentorship program is expensive. In addition to the large one-time price and the monthly membership fee, you’re also paying a 50/50 profit split, which can range from $100,000 to $500,000.
Granted, it may seem like a minor price to pay if you can clinch a deal for millions of dollars, but how frequently do you come across offers like that? If you want a constant source of income, I recommend looking into affiliate marketing.
Not only is it expensive, but the 50-50 profit split is also ridiculous. It won’t be fun to give away half of your profits if it’s a significant amount. Not to forget, these deals are exclusive and don’t come in every day either.
One thing I’d like to mention is that much of what you’ll discover in the mentorship program is available elsewhere for free or at a significantly lower cost.
I performed a short research on Udemy for real estate investment courses offered by people like Khari Parker and Symon He as seen in the photo above.
A lot of negative reviews
The program does have both positive and negative reviews, but the critical ones far outweigh the good ones. In all honesty, it’s a price a bit too high to test the waters. Many reviews called it a total waste of money and time.
Lack of transparency
It’s not publicly known how the company sorts applications and makes selections. Though not a huge turn-off, some people care about whether a platform is transparent. This sort of help with the trust factor to an extent.
There are a few unanswered issues concerning Freedom Mentor, and most of them are related to its exclusivity and secrecy. These are the specific concerns:
- How are these candidates chosen for membership?
- To what criteria are they working?
- After you’ve been vetted, how does the mentorship program adapt to your needs?
- How are the lending partners? What is it like to work with them?
If the program wishes to attract quality students, I believe it is critical that each potential learner knows the answers to these questions ahead of time.
Who is Freedom Mentor For?
Consider that Freedom Mentor is not for everyone. It is a mentorship program for real estate investors alone. From Phil’s perspective, you must satisfy his apprenticeship criteria. However, it is not stated on his website how potential candidates are screened.
This training course, in my opinion, is for people who are serious about real estate investment. It is for anyone who wishes to make it their full-time source of income.
- The most appealing aspect of this program is Phil Pustejovsky’s evident credibility. You don’t have to be concerned about being deceived if you opt to participate in the program. Phil has been coaching eager real estate investors for almost ten years. During this time, he has been able to establish a favorable image for himself and his company.
- Another advantage of this course is Phil Pustejovsky’s strong social media presence. His YouTube channel has over 300,000 followers and over 50 million views. It indicates that Phil is clearly doing something right. He’s developed a lot of free instructive information to help anyone interested in real estate investment.
- The official website of Freedom Mentor provides a free book named “How to Be a Real Estate Investor.” If you buy it through Amazon, the price is $9.97. However, it is available for free on the website in return for your email address. This resource informs you about Phil’s unique business approach. You can find out if the program is right for you by reading the eBook.
- When you consider the $197 monthly membership charge, the program looks pricey. Furthermore, you must give Phil 50% of your profits until you achieve a $100,000 barrier. You may need to consider long and hard before agreeing to such a bargain. Besides, you don’t have to join a transaction that requires you to give up half of your earnings. You should have complete control over your revenue.
- Despite splitting your profits 50/50 with Phil, you are responsible for all expenditures associated with the transaction, including financing, marketing, managing, and resting/selling the properties. Having said that, I understand Phil’s efforts to secure the greatest terms for his mentees. However, the 50% looks to be higher for someone who is taking no risks.
- In addition, the software appears to include a discretionary pricing mechanism. There is no pricing listed on the Freedom Mentor website. A charge seems to be provided only once a member of the Freedom Mentor team has interviewed you over the phone. Former program participants reported having paid an initial cost of $3,000, with others paying more. This non-uniform pricing method calls into question the program’s trustworthiness. It appears that the team charges you depending on what they believe you can afford.
- Former participants complain that the program provides knowledge that can be acquired for free online or from various less-priced publications. That looks to make a lot of sense. There are tens of thousands of successful real estate investors who have never spent that much money. Although the importance of education cannot be overstated. If you’re interested in becoming a real estate investor, you may watch some YouTube videos or download inexpensive books on the subject.
- There are no refunds available for the mentoring program. However, the Pre Apprentice program (which costs $997) gives a complete refund if you contact the Freedom Mentor Support staff through mail within three days of purchasing the Pre Apprentice program and seek a refund.
Is Freedom Mentor a Scam?
Some say you should stay away from the Freedom Mentor scam, but in reality, it is not a scam. That’s probably because these people didn’t get the results they expected.
It’s definitely a legitimate mentorship program for getting started in real estate. If you like real estate and want to get started, you may want to consider cheaper options first and decide if it’s the right business model for you.
The platform is legit, but we still can’t recommend the program to our readers. The pricing is steep, and there’s a mixed bag of reviews. We aren’t certain if it’s worth a shot or not. $3,000 is a lot of money to validate our uncertainty.
On top, 50/50 is a decent concept in the beginning, but as time goes on and your expertise grows, it will turn into a liability before you realize it.
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Is Freedom Mentor Legit?
It is a credible real estate investment mentorship program that will assist individuals to advance their businesses. Freedom Mentor is the place to go if you want to learn everything there is to know about real estate investing.
The training curriculum and daily access to coaching from individuals with extensive and deep knowledge of all real estate deals but a clear, practical understanding of creative real estate investing give the most value.
Nonetheless, I do not endorse this program due to the following reservations.
- First and foremost, I feel it is pricey for the service it is intended to provide. What prevents individuals from purchasing a study book and investing on their own?
- Second, their reviews raise suspicions since there isn’t enough proof that negative or positive ratings make the company seem bad or good.
- Third, in addition to the low costs, the 50/50 share makes me skeptical that anyone will receive their money as soon as they want.
When it comes to establishing a business, there are several options. Even if you’re dead bent on being a real estate investor, you should consider other options before committing to the Freedom Mentor program.
Remember that I am not paid to promote the programs I review. In my opinion, real estate investment is a brilliant business model, but you might end up losing a lot of money.
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Frequently Asked Questions (FAQs)
What is Freedom Mentor?
Phil Pustejovsky, a real estate investor, founded the Freedom Mentor real estate mentorship program. It’s also the name of Phil’s real estate education company.
How can I become a member of Freedom Mentor?
You must apply on the site to join Freedom Mentor. Following your application, a member of Phil’s staff will contact you to discuss the program. You will then be assessed over the phone to see if you are a qualified applicant.
How does Freedom Mentor operate?
You divide the profits with Phil 50/50 until you hit $100,000. It provides Phil with “skin in the game,” increasing his motivation to acquire the best bargains, making this a win-win scheme.
What else is included in Freedom Mentor’s Apprentice program?
Freedom Mentor offers access to a lender database, two weekly conference calls with other apprentices, regular communication with the coaching staff, and three monthly conversations with the coaching staff.
What characteristics distinguish traditional real estate investing?
Traditionally, investors seek to purchase homes via the Multiple Listing Service through a real estate agent. Other features include purchasing from wholesalers, participation in property bidding wars, conventional financing, intense competitiveness, and a continual desire to search for bargains. Traditional real estate investing, in essence, necessitates a large sum of money.
What are some of the advantages of traditional real estate investing?
Traditional real estate investing has several benefits. Its biggest benefit is the opportunity to acquire properties faster. When you have a lot of money, buying property is as simple as bidding on many houses through a real estate agent and finalizing a purchase.
Furthermore, traditional real estate is ideal for long-term agreements since you can offer cash upfront rather than relying on seller financing. Furthermore, auctions are a component of conventional real estate. Auctions assure that homes will sell, making them prime candidates for finding new properties. Unlike traditional real estate, there are fewer educational programs available for creative real estate.
What exactly is house flipping?
House flipping is a real estate business concept in which you acquire homes with the intention of selling them for a profit later on. House flippers often acquire an undervalued or in bad condition house, fix it up, and then sell it when the value of the house rises.
What qualities does Phil look for in Apprentice candidates?
Phil expects his apprentices to be coachable, action-oriented, honest, devoted, and to have a positive mindset. Essentially, he seeks open-minded, honest students that are committed to taking action and thriving in the digital real estate business regardless of the obstacles they face.
What is Phil’s approach to real estate investing?
Phil believes in what he refers to as “creative real estate.” Creative real estate is any type of real estate investing that does not adhere to established procedures. Phil’s innovative real estate investing strategy includes locating interested sellers and negotiating directly with them.
What exactly does Phil mean by “motivated seller”?
To Phil, a motivated seller is someone you can contact immediately and make a bargain with. It is favorable since there is no need to hire a real estate agent, there is less competition, and you have greater negotiation power. Instead of entering your offer and hoping the seller accepts it, you may haggle the price many times.
How much money can I make as a Freedom Mentor trainee?
You have the potential to make a lot of money. You may believe you won’t since you divide net earnings 50/50 with Phil, yet this aligns Phil’s interests with yours. He’s motivated to make a lot of money since he makes money on successful agreements. However, you will not become a billionaire overnight, and you should not expect the spectacular success he portrays in his testimonials.
What is the refund policy at Freedom Mentor?
There are no refunds available for the mentoring program. If you email their support staff within three days of purchasing the Pre Apprentice program, they will provide you with a complete refund.
What is the BBB rating of Freedom Mentor?
Freedom Mentor is not accredited by the Better Business Bureau, but Phil’s real estate company, Relief Real Estate, is.
Is there a free trial period for Freedom Mentor?
No. Phil cannot provide a free trial because this is a mentor program.
Is The Book Realistic?
Yes, Freedom Mentor is realistic because it was developed by someone who has utilized the strategies themselves. It makes no false promises, but it does warn you about what to avoid. You could be successful with a lot of hard work and determination.