If you’re interested in making money through real estate investment, you may have come across Phil Pustejovsky’s Freedom Mentor Apprentice Program. But with so many online programs out there, it can be hard to know which ones are worth your time and money.
As an internet entrepreneur who has reviewed countless online programs, I’m here to share my thoughts on the Freedom Mentor Apprentice Program. I’ve done my research and will provide you with a comprehensive review of the program.
Before we dive in, I want to make it clear that I have no affiliation with Phil Pustejovsky or his program. This means that you can trust that my review is unbiased and based solely on my personal experience and research.
In this review, I’ll cover everything you need to know about the Freedom Mentor Apprentice Program, including its pros and cons. And, to give you a better idea of your options, I’ll also introduce you to a simpler alternative that has helped me generate a full-time passive income.
Table of Contents
- What is Freedom Mentor Apprentice Program?
- Who is Phil Pustejovsky?
- Phil Pustejovsky’s Real Estate Investing Programs
- How does Freedom Mentor Apprentice Program help you make money?
- How is the training structured?
- Who is the Freedom Mentor Apprentice Program for?
- Does Phil Pustejovsky have a good reputation?
- How much does Freedom Mentor Apprentice Program cost?
- Refund Policy
- Praise for Freedom Mentor Apprentice Program
- Criticism of Freedom Mentor Apprentice Program
- Is Phil Pustejovsky a scam?
- Top 5 Challenges of Real Estate Investing
- Is there a better way to make passive income?
What is Freedom Mentor Apprentice Program?
Freedom Mentor Apprentice Program is a mentorship program that teaches you the ins and outs of real estate investing, while also helping you find properties to buy and sell.
One of the biggest advantages of this program is that you get to work closely with Phil, a seasoned real estate investor. He’ll guide you through every step of the process, from finding properties to negotiating deals.
And the best part? You’ll have access to not just Phil, but also his staff and legal team, who will offer you expert advice and help you draft contracts.
Who is Phil Pustejovsky?
Phil Pustejovsky is a prominent real estate investor, mentor, and coach based in the US.
He has achieved great success in the industry and has been featured in several business media outlets such as Inc, Business Insider, Yahoo Finance, and Entrepreneur. Let’s take a quick look at his inspiring success story.
From Mechanical Engineer to Real Estate Enthusiast
Phil Pustejovsky, a Bayton, Texas native, found himself living a mediocre life after graduating with a Mechanical Engineering degree from Vanderbilt University. Working as a valet to pay the bills, Phil became inspired by the wealthy car owners he encountered, who advised him to pursue real estate. Eventually landing a job with the Trane company, Phil soon quit to chase his real estate dreams full time.
Breaking into Real Estate Investing
Phil’s journey into real estate wasn’t easy, though. He went broke and even ended up living in his truck for a month. Desperate and out of options, he prayed for help. Soon after, an investor offered to mentor Phil in real estate, setting him on a path to success.
The Birth of Freedom Mentor
Now financially stable, Phil honored his promise to God by getting baptized, teaching Sunday school classes, and marrying Monica, whom he met at church. Their honeymoon plans, initially destined for Hawaii, changed to Florida when their airline went bust. On their way to Florida, Phil envisioned a nationwide real estate mentorship program, ultimately naming it “Freedom Mentor.”
From Youtube Star to Real Estate Author
Phil began growing his new business by writing blog posts and creating YouTube videos. His video, Secret to Flipping Houses, quickly gained traction and solidified his focus on YouTube content. Today, Phil Pustejovsky is a renowned YouTuber, published real estate author, and has even shared the stage with wealth expert Robert Kiyosaki. At the time of this writing, his self-titled channel has around 330k subscribers.
Phil Pustejovsky’s Real Estate Investing Programs
Creative Real Estate Investing Course
Phil Pustejovsky’s Creative Real Estate Investing Course is a 7-week program that teaches you the basics of flipping houses. This course is free, but there’s over 30 hours of video content that you’ll need to go through. Phil will go through some of the deals that he made with his students and show you how you can make money in real estate investing.
The Pre-Apprentice program is a 30-day program that costs $997. It’s designed to give you a taste of what the full mentorship program involves. The program includes 4 weekly calls with Phil, access to funding resources, a personalized website for attracting leads, and more. While the program is no longer easily found on Phil’s website, you can still find it by searching for “freedom mentor pre apprentice” on Google.
Complete Apprentice Program
The Complete Apprentice Program is Phil’s flagship program. It’s a comprehensive mentorship program that teaches you everything you need to know to be successful in real estate investing. The program can cost anywhere from $3,000 to $10,000, depending on which package you choose. It includes one-on-one coaching with Phil, access to his private network of vendors and investors, and more.
How does Freedom Mentor Apprentice Program help you make money?
This program is designed to give you the skills and knowledge you need to close more real estate deals, and ultimately increase your earnings.
With the guidance of Phil, a seasoned real estate investor, you’ll learn how to find the best deals and negotiate favorable terms. You’ll also get access to his legal team who will help you draft contracts that will increase the chances of successful deals.
By honing your skills through the mentorship program, you’ll be able to make more informed decisions and avoid costly mistakes. You’ll learn how to identify undervalued properties, how to approach sellers, and how to close deals that are profitable for you.
- Learn more about how to make money from real estate.
How is the training structured?
The sales page doesn’t give a lot of specifics, but there’s a program called the Pre-Apprentice program that provides more information. This program lasts for a month and is cheaper than the mentorship program, but it offers a lot of the same features. Here’s what you can expect if you sign up for the Pre-Apprentice program:
- Weekly calls with Phil Pustejovsky: You’ll get to chat with Phil Pustejovsky, the founder of the program, once a week for four weeks. He can answer any questions you have and offer guidance.
- Fast Track Success Blueprint: This blueprint is a roadmap for success in real estate investing. It covers the steps you need to take to start making money in the industry.
- Access to funding resources: One of the biggest hurdles to real estate investing is finding funding. With this program, you’ll get access to a list of hard money lenders, transactional funders, and private money sources.
- Proof of Funds letter: This letter shows that you have the funds to buy property. It can be a powerful tool when negotiating with sellers.
- ePartner Real Estate Online Software: This software makes it easy to manage your real estate deals. You can track leads, analyze deals, and more.
- Personalized website: You’ll get a website that’s tailored to attracting real estate leads. This can be a powerful tool for generating new business.
- All-In-One SuperCourse: This course covers everything you need to know about real estate investing. It includes a Core Training Audio Series and the Quick Start Video Series.
- Access to the Knowledge Center: This is a private collection of real estate investor content. You’ll get access to a wealth of information that can help you succeed.
- Connections to Phil Pustejovsky’s Preferred Vendor Network: This network includes a variety of vendors that can help you with your real estate business.
- Business Strategy Session: This session is designed to help you set goals and create a plan for success in real estate investing.
Overall, the Pre-Apprentice program is a great way to get a taste of what the Freedom Mentor Program has to offer. It’s a comprehensive program that covers everything you need to know to start making money in real estate investing.
Who is the Freedom Mentor Apprentice Program for?
If you’re considering joining the Freedom Mentor Apprentice Program, you might be wondering if it’s suitable for you. Here are some things to consider:
Full-Time Real Estate Work: Can you commit to working in real estate full time? Even a single investment requires a significant amount of time and effort. If you’re not ready to take on this challenge, this program may not be the best fit.
Next-Level Skills: If you’re looking to take your real estate investing skills to the next level, then the program might be a great fit for you. The program could give you the motivation and guidance you need to find better deals and grow your income, especially if you’ve already tried your hand at real estate investing but haven’t achieved the level of success you were hoping for.
Coachable and Guided: The program is best suited for those who are coachable and willing to work closely with a mentor. If you thrive with guidance and someone to help you every step of the way, this program might be just what you need to succeed in the world of real estate investing.
Does Phil Pustejovsky have a good reputation?
Trust Issues and High Upfront Costs
One such complaint raises concerns about Phil’s refusal to answer basic questions and his constant requests for trust without providing clear proof or a success timeline. This customer found it worrisome that such a significant commitment was required, with upfront fees ranging from $1,000 to $50,000, without adequate evidence of the program’s effectiveness.
Hidden Company Name: Business Mentor Coaching LLC
Phil Pustejovsky’s real company name is “Business Mentor Coaching LLC,” not “Freedom Mentor,” making it difficult to find information about the company. With an LLC, the owner can use different business or trade names, and that’s what Phil does. This practice has allowed him to maintain a clean online reputation without complaints. Some customers have noted this lack of transparency as a red flag.
The Real Cost of the Program
Freedom Mentor’s program costs anywhere from $1,000 to $50,000 upfront, depending on your financial situation. In addition to the initial fees, there are numerous extra costs such as website fees, LLC setup, business address, ePartner fees, and more.
The program offers limited private mentor calls, group coaching calls, and email support, but once these are used up, you have to pay more. Some customers felt that the information provided could be found for free on Phil’s YouTube channel, blogs, and websites, making the program not worth the investment.
The Importance of Cash Reserves and Leads
Before joining Freedom Mentor, customers are advised to have cash reserves. The program requires a minimum of $5,000 to join, and the essential ingredient for success is obtaining leads.
Freedom Mentor does not pay for these leads; instead, you’ll have to spend more of your own money on marketing to generate potential sellers. The program may not be suitable for those with limited financial resources.
The Question of Christian Values
Some customers, expecting to work with a Christian company, were disappointed by the lack of support and communication from the team. One customer mentioned trying to get a refund but never received a response.
Furthermore, customers are not allowed to communicate with each other outside of corporate events, which can hinder the sense of community and support within the program.
How much does Freedom Mentor Apprentice Program cost?
Before you sign up, it’s important to understand the costs involved. Here’s what you need to know:
Free Beginner Course
The Freedom Mentor Apprentice Program offers a free beginner course that teaches you the basics of real estate investing. This is a great way to get started if you’re not sure if the program is right for you.
Apprentice Program Costs
If you want to join the full apprentice program, you’ll need to pay an upfront fee of $3,000 to $10,000. There’s also a monthly fee of $197. This can add up to a significant amount of money, so it’s important to consider your budget before signing up.
In addition to the upfront and monthly fees, you’ll also need to share 50% of your profits with the program up to $100,000. This means that they’ll take a share of your profits until you hit the $200,000 mark. Once you’ve reached that point, they’ll have taken $100,000 of their share (over time, not all at once), which is 50% of $200,000.
Unfortunately, they don’t offer any money-back guarantee.
Praise for Freedom Mentor Apprentice Program
1. Astounding Amount of Information
One of the great things about Phil’s free course is the quantity of information provided. He covers every possible subject regarding Creative Real Estate Investing. And what’s even better is that he breaks down difficult concepts in the clearest of ways. So, even if you’re new to the world of real estate investing, you’ll be able to understand the lessons with ease.
2. Expertise of Phil Pustejovsky
Phil is one of the most successful Creative Real Estate investors and house flippers out there. He’s been contacted by several TV networks to create his own show about house flipping. This shows that he’s not just another “guru” who talks about investing, but actually has real-world experience. The modules in his free real estate course that cover house flipping are full of great information. You can trust that the insights he provides are based on his own experiences and not just theories.
Criticism of Freedom Mentor Apprentice Program
1. Hidden Costs
One of the most significant cons of the Freedom Mentor program is the hidden costs associated with it. While the initial fee might seem reasonable, there are many additional expenses that you’ll need to pay throughout your time in the program. These expenses include website fees, LLC set-up costs, business address fees, monthly ePartner fees, transportation costs, and more. All of these fees can quickly add up, leaving you with a much higher bill than you initially expected.
2. Information Overload
Another con of the Freedom Mentor program is the overwhelming amount of information that you’re given. While Phil Pustejovsky provides a lot of resources, including videos, books, blogs, and manuals, it can be challenging to know where to start. Many reviewers have reported feeling lost and confused after signing up for the program, as there’s no clear path to follow.
3. Pushy Sales Tactics
When applying to the Freedom Mentor program, be prepared for some aggressive sales tactics. The people who call you during the application process are experts at placing guilt on you if you say no. They may use information from your application against you, insult you, and downplay your hesitations. This can be extremely off-putting and may make you feel uncomfortable.
4. Lack of Mentorship
Despite the name of the program, there’s a notable lack of mentorship available in the Freedom Mentor program. With only four mentors available per week for hundreds of students, it can be challenging to get the support you need. Reviewers have reported waiting in line for an hour to speak with a “help line” associate, only to receive quick ideas and no follow-up. There’s no development of a lasting relationship, which is a significant disappointment to those seeking mentorship.
Lastly, it’s important to note that there’s a strict “no talking to each other” policy in the Freedom Mentor program. Phil Pustejovsky does not encourage participants to connect with one another, except at corporate functions. This can be isolating for those seeking a community of like-minded individuals to connect with and learn from.
Is Phil Pustejovsky a scam?
While some people label him as a scammer, others claim he’s the real deal. So, is Phil Pustejovsky a scam?
Well, after researching and reviewing his program, I can confidently say that Phil Pustejovsky is not a scam. His program has helped many people start their journey in real estate investing successfully. However, there are some things you should be aware of before signing up.
Firstly, if you decide to join Phil Pustejovsky’s apprentice program, you’ll have to share 50% of your profits with him. While this might be a deal-breaker for some, it’s not uncommon in the real estate industry. But, it’s essential to consider whether sharing half of your earnings is worth it for the knowledge you’ll gain.
Another thing to note is that while the free course provides excellent content, you’ll need to speak to one of Phil’s sales team members to get the hard details about the program. This can be frustrating for some people who prefer upfront information about a course.
Lastly, Phil Pustejovsky might underplay how hard real estate investing can be, especially for beginners who don’t have a team supporting them. While his program can teach you the fundamentals, it’s crucial to understand that real estate is a tough industry to get into, and success requires hard work and dedication.
Top 5 Challenges of Real Estate Investing
Real estate investing can be a great way to build wealth, but there are also some downsides to consider:
1. Tying Up Large Amounts of Money
Investing in real estate requires a significant financial commitment, typically in the form of a 25% or more down payment. This can be a major hurdle for novice investors, as it ties up large amounts of money for an extended period of time.
2. Managing Rental Property
Owning and managing rental property can be a daunting task, requiring knowledge of fair market rent, lease agreements, maintenance, inspections, and landlord-tenant laws. One way to avoid the headache is to hire a professional property manager to handle day-to-day tasks.
3. Long-Term Investment
Real estate investing is a long-term investment that requires patience and planning. Even in a strong seller’s market, it can take over a month to list a home, negotiate a deal, and close escrow. It’s important to have a plan for managing unexpected financial burdens while waiting for a return on your investment.
4. Time, Effort, and Knowledge
Investing in real estate requires a significant amount of time, effort, and knowledge. Even with a team of trusted professionals, investors are ultimately responsible for researching properties, negotiating deals, managing tenants, and ensuring the profitability of their investment.
5. Potential Liability
Rental property investors run the risk of being sued by tenants, guests, or contractors who are injured on the property. To mitigate potential liability, investors can purchase a landlord insurance policy and require tenants to buy renters insurance, if allowed by local laws. This can help protect your investment from unforeseen lawsuits.
Is there a better way to make passive income?
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