In late May Preston Ely launched his Probates By Preston course .  There was a big ol’ hoopla around the course and it sold out in something like 4 or 5 hours (about 500 courses sold).   If you’re on any of the real estate “guru” email lists out there you’ve probably already gotten a ton of emails letting you know that Preston is relaunching the course…. actually… already did.

Many of you have sent in emails to us asking questions about the course and whether Preston Ely is the real deal… and most of all… whether or not the Probates by Preston home study course is worth the money.

Here’s The Real Deal… As Unbiased As Possible…

Okay, the best way to go about giving an unbiased review of the Probates by Preston course by Preston Ely is to simply answer the questions that some of the readers have sent in over the last week.

Here we go (the reader questions are paraphrased to save space)…

Who Is Preston Ely?

Mark F. from Salt Lake City asked:

“I’ve been hearing from several people about this Preston Ely guy.  It’s so hard to trust anyone on the internet anymore, have you heard of him?  What are your thoughts on his products, in particular his home study course on probates he is launching?”

Okay Mark, Preston Ely is a real estate investor who specializes in wholesaling.  He is in Tampa, FL and has become one of the top wholesalers in the Tampa area since he bagan investing in his mid 20’s.  Preston started off in wholesaling and made $50k his first month and has been a full time real estate investors since (I think he’s been investing full time about 3-4 years or so… don’t quote me on that though).

Anyhow, while the whole $50k his first month and $500k his first year in wholesaling sounds cool and somewhat “hypie”… those numbers shouldn’t sway you into buying a course from anyone.  What should sway you is whether the person has been a full-time investor for more than 2 years (long enough to learn the ropes and master the real estate game)… and whether they have integrity and are honest.

I actually purchased Prestons e-book last year “Flip Your Way To Financial Freedom”, and was very impressed with the quality actionable content he provided for only $47.  In fact, if I had to recommend the #1 resource where people should start if they want to wholesale I’d tell them to buy Preston’s ebook because:

• It’s cheap (who doesn’t like cheap)
• It’s full of the actual forms Preston uses… marketing pieces… and step by step tutorials
• It’s short and to the point… not a lot of filler (other than the first few pages where he talks about motivation, mindset, etc.)
• It’s an extremely high value for the money

I’ve been following Preston for about a year now and he’s moved into my top 5 most trusted real estate “gurus” list… based on the quality of his education, his integrity, his lower than normal prices, and the value he provides his customers.

(wow, I’m rambling a bit…)

To sum up my answer to you Mark… yes, I would recommend Preston’s e-book… and I DO believe his Probates by Preston course is a great value as well (great value for the money you invest).

What’s In The Probates By Preston Course?

Sherri S. from Baton Rouge, LA asked:

“I’m a bit confused at what is really in the probate course from Preston Ely.  Do you have a list of what I’ll get when I buy it, and what the price of the course is?”

Part of our job over here at The REI Brain is to review products and give you our unbiased thoughts on the products.  When Preston launched Probated by Preston in May we grabbed a copy (it was $297, which is pretty darn reasonable for the value you get)… and took a thorough look at it.

Here’s what the course is…

Last year Preston and my buddy Jp Moses did a big ol’ paid “Saturday Workshop ” on probate investing… and how Preston used it to start his wholesaling career because there is relatively no competition (when compared to foreclosures, short sales, etc.).

Anyhow, this workshop was recorded and ended up being over 5 hours long with Preston explaining everything about probate investing from A-Z… and answered a ton of Q&A directly from the people on the call.  It is this workshop that is the base of the Probates by Preston home study course.

Here’s what you get with the course:

• The CD’s (4 of them) of the entire 5+ hour step by step workshop
• Prestons probate letter “generator” software that creates marketing letters for your campaigns… these are the exact letters Preston still uses in his business that produce a heafty 5-6 figures a month from probate investing
• The written Probates by Preston workbook will help you create your action plan as you go )based on the workshop)
• Prestons “Flipping without Fear” audio … and walks you through the mindset and steps to get over the fear of starting in real estate

Then, he throws in some bonuses to make it a bigger value like a month free in his mentoring program, membership to his “Flip Factor” membership site, access to his rolodex of outsources and his “power team”, free real estate websites for your business, and a bit more.  This stuff is cool and is worth way over the $297 you’ll pay for the course… but the course is really where the huge value is.

In my opinion… the letter generator alone is worth more than the price for the entire course.

You and I have both seen courses launched recently that have been upwards of $500-$999 bucks… for nothing more than a 3 ring binder with half baked information and a few CD’s or dvd’s.  I’m all for people making money by selling high quality actionable and honest content… but when they basically fleece people and sell overpriced products… it really bugs me.

Preston’s home study course is just $297 (very very very cheap for what you get) and is well worth the investment.

How Will Preston’s Probate Course Help You?

Okay, I just reread what I’ve written so far and it’s really starting to sound like a “sales pitch”!! I’m sorry and I didn’t intend for it to come across this way… but I wholehartedly endorse Preston’s probate investing course and truly feel that it’s worth the investment for those of you who are wanting to get started in wholesaling or any other type of real estate investing .

Why?

Because probate investing isn’t necessarily a “wholesaling” tactic.  Probate investing is simply a way for you to find properties below market value with a lot less competition than in foreclosures, short sales, etc.  What you do with the properties is up to you.  For me, I’d love to find probate properties that I can purchase and hold as rentals… because that’s what I specialize in.

However, probate investing is an ideal way for new investors to get into wholesaling or even rehabbing because the competition is so low… properties can be found for even less money than short sales or foreclosures (because the people inheriting the properties don’t have any money into the property… so they’re willing to let it go for cheaper).

Here’s what Prestons course will do for you…

• Will provide you with a step by step action plan to get started in probate investing
• Will provide you with exact ways to network with Attorneys (which is very important)
• Will provide you with specific ways to generate leads with less expense and effort
• Will provide you with the actual forms Preston uses in his probate wholesaling business (the contracts, the marketing, etc.)
• Will provide you with proven marketing letters (which have a much different approach than 99% of other investors out there)
• Will answer most of the questions you have about wholesaling and probate investing (the Q&A section of the CD’s is more than 2 hours long where actual attendees ask questions and Preston answers them on the spot)

Well… let me rephrase that a bit.  The course won’t DO anything FOR YOU (except for the Probate Letter Generator software… which is pretty automatic).  You still have to put to action what you’ll learn from Preston… but I believe that this course is the best way to get started if you’re looking at either getting started in real estate investing…

OR

Ramping up your existing real estate business by adding probates to your lead generation activities.

My Final Recommendation On Preston’s Course

If you can’t already tell… I truly believe Preston’s Probates by Preston course (which is launching August 13th… and will probably sell out sometime that day… again)… is an exceptional value and is very actionable from my view.

The Pros:

• Very actionable and you can put to use most of the information immediatly
• A great value. It’s only $297 and you can return the course for a full refund if you don’t like it… pretty simple if you ask me
• The Probate Letter Generator is worth the $297 alone . .. then combine it with the 5+ hours of Preston walking you through every aspect of probate investing (mindset, marketing, lead generation, structuring deals, networking, talking to sellers, selling your properties, etc.)
• The “Saturday Workshop” the course is based on was created with Jp Moses (formerly of Flippinghomes.com).  Jp is one of the best guys in REI today and I truly would trust my most anything with him… he’s that good of a guy.
• A great guarantee … so really there’s NO risk at all for you .  If you don’t like it… just send back the course and ask for a full refund.  Preston runs his business very well and I’ve never heard of a problem with processing refunds… he does it right and treats his customers well.
• Probate investing is relatively untapped … so you can get in on the market while it is still somewhat “virgin”.  I’m not saying there is NO competition… just very little in comparison to foreclosures and short sales.

The Cons:

• The course doesn’t go in depth about what to do with the properties once you buy them (at least in my opinion).  So, it is mainly focused on building the “property/deal getting” aspects of probate investing.  There are other very good resources to help you sell your properties out there… heck… we’ll tell you how to do that here on our website for free!
• As Jp told me… the manual isn’t very well edited .  So, you’ll find some typos and grammatical errors… but if you don’t care about that… the content far outweights that (in my mind)
• Preston just sold 500 courses in May and is selling something like a bit under 1,000 this go around.  So, in all… that’s something like 1,500 other courses out there and people will be learning about probate investing and making a little more competition out there.

All in all… I really love the course that Preston has put out and DO ENDORSE the product if you are looking at generating more leads and more deals through probate investing… with less competition to deal with.

My Final Thoughts On Prestons Probate Course

As I mentioned, this go around there are less than 1,000 courses (the 500 in May sold out in 5 hours)… when you figure that there are well over 300,000 people learning about Prestons course over the next few days… that’s not a whole lot.

And… of the approx. 1,500 courses that will be in circulation after tomorrow… I’d guess that at least 95% of the people WILL NEVER PUT ANYTHING TO ACTION .  So, in actuality when you implement Preston’s strategies you’ll really be competiting with only a handful of people in probates still… so you’re good to go.

Preston’s course is a VERY good value and is worth well above what he is charging (just $297).  I’d recommend that you grab the course… and if you don’t like it you can always return it and get your money back.

Also, I joined Preston’s “affiliate program” so technically I’ll get a little “commission” if you buy his course through my link (I bet the “gurus” don’t tell you that when they promote his product… that’s all part of the transparency we put out there ).

However, I’ll pass on some savings to you … and I’ll send you a $50 check (by Paypal) when you buy through our link.  Just shoot me your receipt and paypal address after you buy… once I verify that you bought from our link and didn’t return the product… I’ll shoot the $50 bucks back your way.  That’s pretty damn good if you ask me!

Preston’s Course I’m Pretty Sure Is Still Available (not sure)

I won’t talk about how much I endorse Preston or his Probates by Preston course anymore (oops… I guess I just did .

If it’s right for you… you’ll grab it and put it to action.

If it’s not right for you… oh well… you’ll figure out what is right for you so you can succeed.

Either way, look at where you are now in your real estate business and determine if knowing how to tap into the probates market would help you succeed. If it would, grab Prestons course and try it out (no risk to you because you can simply return it if you don’t like it).

>> Here’s The Link To Get The Course <<

http://www.thereibrain.com/prestons-probates  <<–

Chat soon!

- Trevor

P.S.  – If you have any more questions about Preston or his course shoot them my way through our contact form.

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Categories: Product Reviews, announcements!!, building your business, cool resources, real estate investing techniques, wholesaling
Tags: preston ely, preston ely probates course, preston ely probates course discount, probates by preston, real estate investing, Real estate investor