Up for a real estate course recommendation? We have one that you might have come across before and are wondering if you should take a second look. Except, we are not recommending it just yet. We don’t even know if we are going to recommend it or suggest that you stay away from it.
But it won’t be too long before you know what we think of it. That course is Blake Choisnet’s real estate program. Blake claims to help people create a passive income through real estate. Whether this is true or not, we don’t know but we will let you know in the subsequent paragraphs. Read on to find out everything you need to know about Blake’s program.
Now, before you read what I have to say about Blake Choisnet’s real estate program, let me let you in on a little secret: there are 2 categories of real estate: physical and digital. Imagine if you could rent out DIGITAL properties. I’m talking about renting out properties that exist ONLINE only (not in the physical world). You may not know this, but properties like this can get you much higher rent, and there are no property taxes, no repair costs, no homeowners insurance, and the profits can be MUCH greater: Digital Real Estate Video Here.
Here’s a video of my daughter’s business using this :
The course my daughter used above is much better than Blake Choisnet’s real estate program. But since you are here to learn about Blake Choisnet, lets get back to that:
What is Blake Choisnet’s Program?
Blake’s program provides a comprehensive guide for people who want to generate passive income but don’t know where to start. The program will help you to realize this goal through real estate. Blake says he can help you even if you are in an expensive market or do not have enough funds.
Who is Blake Choisnet?
Blake Choisnet is a real estate investor, passive income coach, and public speaker. He worked in several different positions in the corporate world before starting his own business. He worked as an Applications Engineer for over a year, and then as a Sales Development Engineer for almost a year. He also worked as a Key Account Manager for another three years. He assumed all these corporate positions in one company; National Instruments. In all, he worked there for 7 years.
He went on to become a lecturer and speaker on topics including passive income, real estate, financial literacy, mental health, faith, masculinity, mentoring, and several others. In 2016, he founded Rooted Land Company, a real estate investment firm. 3 years after that, He started Blake Choisnet Coaching.
When he got into real estate, he had two things, $10k in savings and his dreams but he managed to build a multi-million dollar portfolio in less than 2 years. His story is inspiring because he became a millionaire within 5 years of purchasing his first property.
Over the years, Blake gained a lot of experience and knowledge in real estate marketing, real estate tax, deal strategies, and deal analysis. This led him to create the 90-Day Rental Roadmap to help newbies get over $10 million worth of real estate cash flow.
Blake has a YouTube channel where he shares a lot of tips on real estate investment.
How Does Blake Choisnet Coaching Work?
According to Blake, this program is ideal for people who have some money saved but do not know where to invest it or people who want to get into real estate but are not sure where to start. He revealed that the assumption that you must put down 20% in your local market before you start a career in real estate is a blatant lie. Thus, another barrier to entry has been removed.
The first phase of the program is called the Discovery Phase. At this stage, the team will help you to pick a prime market for your business. The program will help you to find deals and predict the value of those properties. The team has lots of experience with property valuation and they know exactly what to consider when valuing a property. Once you learn how to evaluate a property, it will be easy to get an idea about the potential cash flow even before you take action.
The second phase is called closing. Here, they will also help you to get access to private lenders and you don’t even need to worry about banking fees. Blake and his team have a pool of private lenders that you can borrow from.
The team will also guide you to renovate and increase the value of the property and then teach you how to refinance so that you can pay off the private lender. Once you take out the old loan from the new one, you get to pocket the rest. According to Blake, that amount can range from $2k to $15k. In the end, you will have a lower monthly mortgage and your renter will pay rent at the end of every month. That will be regular cash flow.
They will also teach you how to build a team to help with the different aspects of real estate investment. They will help you find trustworthy property managers, contractors, agents, and all the relevant members of your team.
The third phase focuses on helping you to focus and scale your business. You will have six months of access to Blake’s inner circle and also enjoy 2 hours of Zoom support every week. During these support calls, Blake will review your potential deals and give you advice on them.
There is a bonus phase and here, you will learn how to save on taxes. The duration of the program is 12 weeks.
What is the Cost of the Program?
You will need to schedule a call with the team to know the cost of the program.
The company has no refund policy on its website.
Should You Invest in Blake’s Program?
Blake has revealed a lot about his program but there are still some relevant details missing. There are no details of pricing and refund policies. Also, there are no reviews on independent websites and this makes it difficult to assess feedback from past students.
There are tons of reviews on his website and all of them talk about how Blake and his team helped them to gain success in the real estate industry but that’s not enough especially since they are on his official website.
Since some vital information you will need to make an informed decision is missing, we recommend that you schedule a call with them, hear what they have to say, and ask questions on refund policy, and other things you do not understand.
You should only invest if you can comfortably pay for the cost of the program and you are certain that you can work hard to attain the results.