Marshall Reddick-izing the David Greene method?

Question

Kyle Mccaw · Answer

Marshall Reddick from 10yrs ago is not the same. New owners new business. I know the M. R. team very well and would trust them with anything.

George Kredel · Answer

Apparently you don't know about the nasty past of the Marshall Reddick company. About 10 years ago MR was sued by hundreds of investors and creditors in multiple states to the tune of over $40 million. They ended up declaring Chapter 7 and most investors financial lives were ruined. First off, they do absolutely nothing for free. Everytime you buy a property through their network, they get a very large kickback. Can you say conflict of interest? Do your homework. Most experienced investors will tell you to never invest in a property that is more than an hour drive from your own residence. If property managers know that you are out of state they will take advantage of this. Reputable property managers are few and far between. Don't ever buy through a company that has money to gain because of the sale. BEWARE THE MARSHALL REDDICK COMPANY!!!

Aaron K. · Answer

@Christin Knight so are you simply a real estate brokerage?  A turnkey company?  I haven't heard of you before so I haven't been able to do a ton of research on your company.

Christin Knight · Answer

@Aaron Klatt, if I may, I'd like to explain our business model, and how we make money.

We are a licensed CA and TX Broker, Property Manager, and Private Money Lender. In our CA markets, San Antonio, and Austin, TX, our licensed agents are Marshall Reddick employees, and we have our own in house property management.

While we are working on expanding into all 16 of our markets, outside of those noted above, we currently depend on 3rd party Realtors and 3rd party management teams. These are independent "partners" that we've worked with and have built relationships with for years - some of them several decades! These are our trusted buyer's agents who work with our clients as their representation, and "boots on the ground" when purchasing properties. When one of our buyer's agents represents one of our buyers in a purchase, the commission that is paid by the seller, is split with us once the transaction closes.

There is no requirement to use our preferred 3rd party managers or lenders, we simply offer this referral service to our clients who do not have the time or desire to research hundreds of options on their own, and prefer to work with our trusted teams that we've vetted, and worked with on hundreds of transactions. We encourage our clients to research the teams we refer, and perform their own due diligence to ensure it's a good fit.

@Jonathan Vince it was a pleasure speaking with you this morning, and I greatly appreciate the opportunity to earn your business. Please don't hesitate to reach out with any questions or concerns you have as you continue researching our company.  Looking forward to meeting you and your wife on Saturday at our event.

-Christin

Aaron K. · Answer

I would shop around with other property mangers and lenders before committing regardless just to be sure.

Aaron K. · Answer

What is their fee, how do they make money? without knowing that it is tough to comment on the situation.  I am always wary of letting someone else do all the work especially in real estate where it is possible to do all the research yourself.  Someone promising you returns if you invest with them could be Warren Buffet or Bernie Madoff, the key is understanding the strategy and what you are investing in.