Could Mentor Financial Group Be A Scam?

mentor financial group scam

mentor financial group scam

When I researched this I found the answer for you.  Mentor Financial Group says on their website that they will pay you a $10,000 finders fee for helping them to find properties that they can buy to fix up and resell. I wanted to find out how long they have been doing something like this to see proof that Mentor Financial Group is a scam or maybe I would find out that they are for real.

Mentor Financial Group was started in Lakewood, Colorado in 1997 by Peter Conti and David Finkel. Peter was a former auto mechanic who started investing in real estate in 1990. David was a former U.S.A. Olympics men’s field hockey team player who got injured right before the Olympics and had to sit it out. Peter Conti became a millionaire within three and a half years of getting started by buying real estate with little or nothing down.

The investing methods used in the 1990’s by Peter Conti and David Finkel appear to be lease options, owner carry, and other low down real estate investing methods.

In 2005 Peter Conti bought David out of Mentor Financial Group and ran the company on his own for a number of years. Once the real estate market tanked in 2008 Peter discovered that the old methods of making money in a rising market no longer made sense. He began to focus mainly on the commercial real estate marketplace, doing deals, teaching others, and writing books.

Commercial Real Estate for Dummies is the book that Peter Conti wrote with Peter Harris for Wiley publishing. It appears to be well written and in my interview with Peter Conti he said that it was very fun to write.

Several years ago Peter Conti met Jerry Norton when Jerry called Peter to get some advice from him. Turns out that Peter was so impressed with all the house flipping that Jerry was doing the two of them decided to do some projects by working together on a small scale.

After about six months Peter & Jerry decided to become official partners and run Mentor Financial Group together. Their focus seems to be on flipping houses and doing real estate back flip deals. Their business model is based on teaching other people how to do deals and offering finders fees to their students of $10,000 per deal for any property that meets their criteria.

Peter Conti and Jerry Norton offer to provide the cash needed to get great deals in today’s real estate marketplace and they also do all the work on the properties after you help them to find a deal. They claim that no one else is actually providing the money to both buy and fix up properties like they are.

I searched the internet to see if this was true and I could not find anyone else who offers to provide all the money to get real estate like Peter & Jerry are doing. There may be someone out there who is also offering this, but I was not able to find them in my time researching this. So based on everything I’ve listed here, my research shows that Mentor Financial Group is not a scam.