Are you looking for a review of Phil Pustejovsky’s Freedom Mentor? If you are planning to flip houses to make money, you have made heard of Phil Pustejovsky.
Many people like doing real estate investment to make passive income, but is it really good?
I have a passion to help people explore money-making opportunities. Over the years, I have reviewed hundreds of these programs.
In the past week, I have done thorough research about Phil Pustejovsky’s Freedom Mentor because I received a number of my readers asking about it. I can tell you more about it in this review.
At the end of this article, I’ll also tell you a much easier alternative that has enabled me to make a full-time passive income.
As a disclaimer, I’m not affiliated with Phil Pustejovsky. That means I’m not paid to write this review for him. So you can be sure that my words are unbiased.
In this review of Phil Pustejovsky’s Freedom Mentor, here’s what I’m going to cover.
Who is Phil Pustejovsky?
Phil Pustejovsky is a successful real estate investor, mentor and coach for real estate investment in the US. He has been featured by some business media like Inc, Business Sider, Yahoo Finance, Entrepreneur.
Phil Pustejovsky is quite active on YouTube. He has accumulated more than 108 million views. At the time of writing, he has around 315K subscribers, which is incredible.
Phil Pustejovsky has written a number of books: How to Be A Real Investor, Real Estate Investing Gone Bad: 21 True Stories of What NOT to Do When Investing in Real Estate and Flipping Houses.
So you may think Phil Pustejovsky came from a rich family, but it’s not. At the very beginning, Phil Pustejovsky was homeless and lived out of his truck.
His life changed because of finding a mentor who guides him in the right direction. He thought having a mentor is important and hence he decided to create the Freedom Mentor program. In exchange, his students would have to share the profits with him for the first few transactions.
What is Freedom Mentor?
Freedom Mentor is a real estate investing mentoring program that is created by Phil Pustejovsky.
It makes money by mentoring and coaching real estate investors and then share the profits of the deals with their students 50/50.
This is a unique real estate investing education. That means when the students succeed, the teacher succeeds. It’s mutually beneficial.
There are two programs inside the Freedom Mentor: Creative Real Estate Investing and the Apprentice Program.
I will talk about these two programs one by one in the below sections.
What is Creative Real Estate investing?
Creative Real Estate Investing is Phil Pustejovsky’s entry course. This course basically combines all his popular YouTube videos together, which teach you how to flip houses.
He claims that people who follow his advice can make more money in real estate investment.
The Creative Real Estate Investing course lasts for 7 weeks. You will learn the basics of Creative Real Estate Investing.
Although this course is free, there are more than 30 hours of video content made by Phil Pustejovsky.
He will go through some deals that he made with his students.
Here are the modules in this course:
- Module 1: Getting Started
- Module 2: Creative Vs. Traditional RE
- Module 3: Buying RE Without Cash or Credit
- Module 4: Step by Step CREI Formula
- Module 5: Flipping House Wisdom
- Module 6: Planning Your Future in RE
- Module 7: Before You Start Investing
Since the course is free, Phil Pustejovsky really over-delivers in this course. So if you are interested in learning how to flip houses, you may take it for free.
What is Phil Pustejovsky Apprentice Program?
After you have finished the free course, you will be invited to join his apprentice program.
Phil Pustejovsky claims that he and his team will help you out in the process like drafting contracts for you. You would have to find sellers and buy and sell properties.
Here’s what Phil Pustejovsky promises you:
- True Financial Intelligence
- More Time
- More Confidence
- More Freedom
- A skill so powerful and versatile that you could be dropped out of an airplane and so long as you have a phone, computer and printer, you could make about as much as you want with as much time and freedom as you want.
- A skill that you can take with you the rest of your life. No one can take this life transforming education away from you.
However, the sales pitch of Phil Pustejovsky sounds too good to be true.
Freedom Mentor Pricing
The beginner course on Freedom Mentor is free.
But if you want to join the apprentice program and partner with Phil Pustejovsky, you have to pay $3000. After that, you need to pay $197 per month. This is too expensive in my opinion.
In addition, for all the deals you close, you have to share 50% profit with Phil. To me, this is unreasonable and unfair because you would be the one doing most of the work and taking all the risk.
Freedom Mentor Course Pros and Cons
- The free course of Phil Pustejovsky is quite comprehensive and you can learn quite a lot if you are a beginner in creative real estate investing.
- Phil Pustejovsky is a successful CRE investor and house flipper.
- Phil Pustejovsky has a huge social following
- You have to do most of the work and share a large amount of profit with Phil regardless of how much Phil is involved in the deal.
- Phil Pustejovsky doesn’t reveal the details of the partnership upfront. You have to make a call and negotiate with his team
- Phil Pustejovsky doesn’t tell you the difficulties of making money with real estate
- Creative real estate investing is not suitable for newbies.
- The fee for joining the apprentice program is too expensive.
Is Phil Pustejovsky a Scam?
I cannot say Phil Pustejovsky is a scam. The Freedom Mentor program can really teach you how to begin in creative real estate.
However, I wouldn’t recommend it if your goal is to make more passive income.
The reason is that although it sounds like a good idea to invest money in real estate, the ROI (returns on investment) for property investing has decreased over the years.
Besides, property investing requires a lot of initial capital and it takes a long time to pay off the mortgage loan.
It’s as risky as stock trading when a lot of your money is locked in the land which has extremely low liquidity. In case you need an emergency fund, you’ll be in big trouble.
Many people like doing property investment to generate passive income for retirement, but that’s not a good idea because of the risk involved.
If you join Phil Pustejovsky’s apprentice program, you would have to share 50% of profit with him. I don’t feel like sharing so much profit with a person while taking all the risks myself.
Although Phil Pustekovsky is an expert in real estate investing, it doesn’t guarantee success. If he can guarantee your success, he would have done this all by himself. The reason why he teaches you and allows you to partner with him is that he doesn’t want to bear the risk himself.
If you don’t want to bear risk, there is a better alternative to make passive income for retirement.
In recent years, the world has undergone a massive change due to the Internet, which has created a lot of opportunities to make money online
While the real estate market is volatile and might rise or fall in value, a digital asset can always give you stable cash flow and it only takes 1-2 years to build a sustainable online business.
In the next section, I will introduce you to the best online business model to start today.
Is There an Easier and Better Alternative to Make Passive Income?
If you really want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate ?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
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