Del Walmsley lifestyles unlimited

[Frank Yaccarino]

Has anyone on BP worked  with or is familiar with this man and his seminars?

[Shawn Stone]

@Frank Yaccarino:  My wife and I joined back in early 2018.  Had a pretty good experience in their "Challenge" ($7K) program that deals only with single-family investing.

However, later that year, we upgraded (in theory, and in dues) to their "Preferred" (or "PIG") membership, so that we could invest (passively) in multifamily deals.  It was an extra $13K (up front), and $3K/year renewals afterwards.

Having experienced what we and 500 other investors have experienced over the past several months -- i.e., being taken to the proverbial cleaners by a syndicator who was once a LU member but decided to quit and go bat-**** crazy -- I'd never join again if I had the knowledge I do now that their sacred "white paper" (rules for syndicators/GPs/"leads") has absolutely no teeth, and that they do not stand behind the passive (limited partner) investors once something goes awry.  

Oh, and the rogue syndicator who took advantage of us all was a darling of theirs (LU's) only a year before he "broke bad", and had subscribers from some of the long-time, experienced passive investors in the group, including a mentor or two and the executive vice president, herself!  (The man later bought her shares back, once he quit the program.  Still has the rest of ours, though!)

Your call, of course.  Also, there are plenty here and elsewhere who will brag on their program unabashedly -- those to whom a $20K+renewals membership is a drop in the bucket and/or those who have yet to invest with a syndicator-gone-wrong.  Since the LU spokespeople, though, brag about how the organization looks out for the passive investors, though, you'd think they'd be more dedicated to ensuring that we're not exposed to this type of corruption.

I'd never join again, knowing what I do today.  Just my 2¢.