TLDR – What’s The Verdict- Is the Six Figure Landlord Cost Worth It?
If you’re the type of person who likes things simple and to the point, let me cut to the chase. Here’s my honest opinion on whether the Six Figure Landlord is worthwhile.
Short answer: Maybe, but I wouldn’t rush to give them my credit card, and here’s why. For one, real estate investing is a great way to build wealth and achieve millionaire status. The stats are there to prove that.
But one big problem many people face is that every great real estate investment idea usually comes down to one important thing: CAPITAL. Even if you have a fantastic plan, if you don’t have the capital to sustain it, you’ll probably not be able to make the money you’d expect.
I’ve got to hand it to the Six Figure Landlord, as he shows students how to invest in real estate without worrying about their finances. While the phases of freedom Dallas Hileman teaches might work, you’ll need to get creative with financing when you’re into real estate.
That’s a creative term for more debt. And if your true goal is to create a passive income, landing into even more debt might not be the way to go.
My second issue is that even if you have the capital, it isn’t always the right time to invest in real estate. You need to look at several factors like:
- Demand and supply. Even in tough economic times, people will always need a place to live. But there’s always a fair interplay between demand and supply in the rental real estate market. In short, finding the right tenants for your rental properties might be challenging.
- Economic stability: During COVID, no one was safe. Both Landlords and renters felt the pressure from the tough economic times.
My third issue is while Six Figure Landlord does show you how to invest in rental properties, it doesn’t talk about the work behind the scenes. You’re responsible for maintenance, tenant screening, general upkeep, and overall cleanliness.
Each of these responsibilities requires money to fulfill, which means more costs and work. You’ll also need to put in the time to make sure everything runs smoothly.
What you need is a system that will help you generate the cash flow and time you need to invest in real estate. My ideal way of getting there is with Digital Landlord.
This program is a type of digital real estate business model that keeps all the good things about real estate investment and gets rid of annoying stuff and obstacles like:
- Rental property policies
- Dealing with annoying tenants
- Dealing with upkeep and repairs
- Having to take on debt to invest
The great part about this program is that you can create a semi-passive recurring income anywhere from $500 to $10,000+ per month. You can also build your business as big or as small as you want.
If this sounds interesting to you, why not check out Digital Landlord? And when you start making money, you can use the profits to get into real estate.
But if you still want to see what Six Figure Landlord looks like inside, keep reading.
Who Benefits From the Six Figure Landlord Program
If you’ve read my blogs, you know I’m a huge real estate advocate, as the numbers clearly prove. But does that mean it’s the right time to invest in it?
Well, if you see yourself in any of the following, this program might be for:
- You’re new to real estate investment and want to get a general idea as to how to do it.
- You’re looking for a community of experienced real estate investors willing to share their expertise and knowledge with newbies in the industry.
- You have lots of free time and want to try real estate investing as a hobby.
If you fit in the criteria below, this program might not be an excellent fit for you:
- You’re serious about real estate investment but aren’t willing to wait for too long to get started. While the Six Figure Landlord does help you with financial freedom, it will take time to get through the phases listed.
- If you are looking for an investment program that teaches unique investing strategies, this program is not ideal for you. Compared to programs like BNB Formula, the Six Figure Landlord doesn’t have a clear-cut real estate investing strategy.
- If you want to create a passive income that doesn’t need much time and experience, this might not be a perfect program.
Now that you know where you fit in this program, it is time to learn more about it.
|2 / 5
|You’ll have to invest a lot of time and money to become a real estate investor
|Level of Control
|2 / 5
|With real estate investing, you’re under different levels of control
|Ease of Implementation
|2 / 5
|It’s not easy being a real estate investor with the Six Figure Landlord program, as there are five phases you’ll need to pass to get financial freedom.
|2 / 5
|It isn’t always a guarantee that you’ll make money with real estate
Six Figure Landlord Review -1000 FT Overview of This Program
In this section, I’ll take a deep dive into the Six Figure Landlord program.
Let’s start with the basics.
The Business Model
Six Figure Landlord is an online program that helps people learn how to invest in real estate and make money online. You get access to comprehensive coaching, mentorship, and an investing guide. Unlike other real estate courses like Clever Investor, this one focuses on helping you with the big financial picture.
Dallas Hileman takes you through the five phases of freedom. You’ll also get help analyzing your deal, negotiating your sales contract, and maximizing your earnings with your properties. All these are done with the help of support.
While this may seem easy, becoming a real estate investor can be tricky. You still need to have capital on hand to invest, and even though the strategies in this program could be helpful, it might take time.
And that’s something you’ll probably have to consider with this program.
About The Guru- Dallas Hileman
Let’s meet the man of the hour- Dallas Hileman.
Aside from being the founder of the Six Figure Landlord, Dallas also wears many hats. He is a professional salesman, paraglider, and real estate investor. He attended the Brigham Young University in Utah from 2014 to 2018.
But then, he decided to leave his sales job after creating the Six Figure program. Dallas began investing in real estate while working part-time, and soon enough, he started making $100K each year.
Now, he owns five properties with a total of 20 rental units. The financial freedom he gained gave him plenty of time to do all the things he loved.
The Cost of Six Figure Landlord Program
Like most real estate programs I’ve reviewed, including the Kingdom Business program, this course doesn’t have a known price. You’ll have to call in to know the cost of the program.
What Main Promises Does the Six Figure Landlord Make?
One of his main promises is that no matter what your financial status looks like, you can still invest in real estate. This is all thanks to the Six Figure Landlord’s five phases of financial freedom. These phases include:
- Debt freedom: The debt freedom phase allows you to free yourself from debt. You can also learn how to invest without relying on real estate loans.
- Emergency freedom: For emergency freedom, you should have a sufficient flow of income to set aside in case of emergencies.
- Rent freedom: With rent freedom, you can live free from the confines of renting an apartment.
- Financial freedom:
- Lifestyle freedom: With lifestyle freedom, you can live your dream life.
According to Dallas, you can become financially free in 5-10 years and get enough income to cover your real estate investment. But that’s a lot of time.
Let’s find out if this program is legit.
Is Six Figure Landlord Legit? My Personal Opinion
It’s finally time to wrap up this Six Figure Landlord review. But to do so, I’d like us to take a few steps back and look at the big picture.
For one, before you can choose an investment course like Pace Morby, there are several things you need to look at. Some things I’d look at include:
- The Guru’s experience
- The value of the program
- The availability of a community
- Honesty and transparency of the creator
With that in mind, let’s rate the Six Figure Landlord. So, what do I like about the program?
For one, you do get access to a community. Second, the program can teach you how to attain financial freedom to become a real estate investor.
Things I don’t like:
- The program isn’t transparent on the price. There are also no student reviews on Trustpilot and BBB about this program.
- Dallas has been doing real estate investing for three years. Even though he’s earned some money, he doesn’t have the long-term experience which is important in an industry like real estate.
With my personal opinion out of the way, it’s time to address the elephant in the room: is Six Figure Landlord legit? I wouldn’t technically call it a scam, as they wouldn’t take your money and run. But you’ll have to put in the work actually to make it work.
But if I were going to put in twice the work investing in real estate for little to no returns, I’d rather do it with a program that produces $500-$2,000 checks every single month. The best part is that you can do it in less than three months. That program is Digital Landlord.
Unlike investing in real estate, you can do it anywhere in the world. My friends make six figures while traveling or on a beach in Hawaii. If this is something you’d consider, click here to find out more about Digital Landlord.
What’s Inside The Six Figure Landlord Program
To access this program, you’ll have to hop onto a 45-minute call. Once you do, you’ll receive a text and a link with one free hour of the program’s essentials. It’s during the call that you get to learn about the program’s price.
The main training course has over 100+ videos to comb through. You can also download checklists, spreadsheets, templates, and leases, among others.
Conclusion- To Buy or Not To Buy?
I wouldn’t recommend this program. If it were a free real estate program, I’d say go for it. But because there’s a cost involved, your time would be better used somewhere else. If you want a better option, why not look at my number 1 way to make money online?
What’s My Number #1 Way To Make Money Online in 2024?
Read Our In Depth Breakdown Of The Top 5 Affiliate Marketing Courses For 2024
Did Six Figure Landlord Make The List?See How It Works Here
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say there is no “perfect” business model.
It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.
That being said my #1 recommendation for making real money online as a beginner is, hands-down, being a Digital Landlord.
Whether you’re a complete newbie or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
1. Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Real estate investing is a FULL-TIME JOB. If you stop finding deals, your money dries up. Now imagine having to go through the five phases of freedom before you can start investing; that’s even more work.
Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.
If you miss a single payment, the property can be taken from you.
Why pour your soul into a business that could be taken away from you at the drop of a dime? With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets and owning A LOT of them.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases and the effort put into creating the next property decreases.
Best case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with real estate investing, you would need twice as many properties or double your profit margins on each property. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
Make Money Helping Real People: With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night. Six Figure Landlord is all about you making money with real estate. While it’s great, it isn’t exactly impactful.
So, the rest is up to you. You could keep looking at other opportunities like Six Figure Landlord, which might make you money.
You could keep researching and researching for the next few months (or a few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people who need it.
If this sounds like you, click here to see how it all works.