Real Estate Investor Financial Aid Application
As I discussed in Real Estate Investor Consulting with Financial Aid I have released the Financial Aid Application for you to apply to receive temporarily discounted monthly fees for our Bronze Membership.
Here is a basic review of how the financial aid program works:
- You apply for financial aid using the application linked above.
- If approved, we offer you a discount off the monthly membership fee for our training materials, consulting and mentoring program.
- You pay the discounted fee until you do your first real estate deal.
- At the time you do your first real estate deal you pay back the difference between the discounted membership fee and the full priced membership fee in a lump sum.
- From that point on you agree to pay the full monthly membership fee for our training materials, consulting and mentoring program.
Please do realize that I am only offering 6 financial aid spaces right now. I will be using the application to eliminate folks that do not qualify and then grant financial aid to 6 of those that do qualify.
So, please submit your completed application as soon as possible,
Sincerely,
James
P.S. The price of the Bronze Membership is going up from $97 per month to $197 per month as of January 1st, 2010.
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Dear Mr. Orr:
For the past 20 years I have been involved with the hands-on aspect of property management. Now as I near 60 years (one month away), I am interested in investment opportunities, as much of the work I have been doing is very strenuous, and I need something physically less taxing. I have been following your posts for quite some time (about a year), and you seem to me to be a respectable person.
Recently I attended a seminar put on by the Rich Dad organization, the $495 deal. I didn’t want to go with their high-priced programs, not knowing what their quality was, if they were really worth the price. But I did start to receive phone calls from a Rich Dad entity after-wards that said it was based in Salt Lake City, Utah. They talked me into a $7396 program where I found how easy it was to borrow the money from my credit card companies. In retrospect I regret having done such a deal with people I know very little about and who excuse themselves from any liability from a product that could have very little value.
Pardon me if I sound skeptical about your organization, but I am very demoralized about the deal, feeling that I was taken advantage of. I tried to back out of the deal, but they won’t let me, as I made a verbal agreement to not do so. I am now strapped with what is to me a large debt, and my present boss says there is no work for me in the foreseeable future.
I am wondering how your organization works, and what the ethical standard is. Could you tell me? I am very stressed about the whole situation, and need some reassurance.
Sincerely,
Laurence Brinich
I can tell you that I’ve heard similar stories–although not exactly the same–from two other folks in my local real estate investor group, but I have not had direct dealings with that group.
I can tell you that with our program you get access to all the materials upon signing up and will only continue to pay if you see value since it is a month-to-month agreement.
The exception is those that are granted financial aid… with that you need to commit to do a deal and pay back the discount you received from your first deal.
Sincerely,
James