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All Forum Posts by: Annie Irizari

Annie Irizari has started 11 posts and replied 26 times.

Post: is Renatus the Real Deal or a Scam?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

interesting comments, thank you....to quote a person, if you think education is expensive, try ignorance and mistakes. in real estate,there is no bottom and no ceiling to mistakes and earnings, you can make and loose millions to billions, even grant cardone has lost it all which he has admitted repeatedly. BTW Grant Cardone charges $25,000 yearly (not 1x for a lifetime+) to be a part of his 'rei network club'. No joke, you can verify. At $20,000 for lifetime access you have the option to will to your descendants, 2 generations at $10,000 each is cheap,  (same price for over 15 years, they just recently increased prices) and no upsell when they upgrade all the education for you because laws and regulations change so they keep education current, plus access to a network of investors and practitioners you will need for your team(what's this worth to you?), plus payment plans is a heck cheaper than cardone's program at $25,000 every year or some other guru for $40,000....Expensive is relative. So you'd rather be penny wise million dollar foolish. I'm speaking from experience. I've lost $500,000, opportunity cost, time, blood n sweat  . what rei or events allow you to pass down the education to your family as an option? - cardone does not do this. What is passing down the education in your will to your family worth? No university education can do this, not even at $250,000 degree from Harvard. Give your family 1 fish to eat 1 meal  or teach them how to fish to eat for a lifetime?  The instructors in Renatus cannot teach unless they have earned millions in real estate investing and are active investors. 

Honestly every one of them will tell you they loose money when they teach renatus classes.  They teach because they believe in making a difference, in honesty & integrity in todays fallen world . They offer value to people who are committed with desire to transform their lives for their family and legacy. They do not take advantage of people and trust me I've seen and experienced my share of liars and unworthy people who claim honesty and integrity but steal and scammed me some even went to jail which does not get me back what i lost in opportunity,time and money for me and my family. Talk about regrets.

In hindsight, $20,000 is a helluva lot cheaper for multiple lifetime access for me & my family than $500,000 losses gone with the liars and thieves of this world.  $20,000 for 2 generations is $10,000 for each generation that's cheaper legacy than Harvard or some other guru ..... or the ability to pay off mortage and student loan debt to save $50,000 in interest - that's nearly 3x the cost of the education in return for your money. Not to mention debt free freedom for you and your family.  The right education and people with integrity & honesty is important, too many liars out there. It's not just free education or scammy MLM pyramid as some of you like to label - so you'd go to a surgeon who learned surgery for free? Don't think so. At the end of the day, nothing is free, you will pay the price for free in expensive mistakes or lost opportunity cost or time lost or money or all the above.   There's a price to pay for every decision we make - right wrong or indifferent.

So let's not be quick to judge before understanding the networth value add to your life inside of this company. Look at the rich/wealthy - what do they have that you don't? multiple streams of income and not just one, for starters -- Robert Kiyosaki, Warren Buffet, snoop dog, vanilla ice rapper, Will Smith, Rockefeller family has multi generational wealth that the family will never have to worry about money. Can you say the same? no average jo blo can save their way to wealth, society keeps people in debt, ergo amortization of debt....buying and hoarding stuff(in storage you pay busting out of your garage no less ), stuff you don't need rotting in storage or does not have value other than cashflow for storage unit business owners. BTW most of you investors know storage is big good cashflowing business. Your home is not an asset it is a liability - unless it is income producing for you. 

yeah you can get educated for free on you tube or wherever, teach yourself enough to hang yourself then what? its risk price, but hey, it's your money to loose not going to stand in your way. people don't know what they don't know, investing  thinking they know what todo 100%, then loose big on 1 deal give up and say, never doing that again, real estate not a good investment. Most people are brainwashed by the retail financial world we live in, not educated enough to be smart or savvy that there are smarter better ways to invest we don't know yet. So why is Warren Buffet or Robert Kiyosaki or Grant Cardone rich. Why is Rockefeller multi generationally wealthy. Clearly they know something we do not. What makes you judge others, or think you are  better than rockefeller, kiyosaki, or warren buffet or ---- ?.

To ditto Mr. Hullman's comments, "Even the savviest of investors have joined Renatus and share stories of gratitude http://3030-vision.com"... and Mr. Keith Pinster" people say MLM because you don't know. Sure they allow students to market and share the education products then get paid handsomely for that effort. Powur solar does the same and a few others. So is referring your REI club an MLM pyramid scam now too? people judge what they dont understand - who died and made you judge jury and executioner?

Check Mark Kohler's credentials cpa, attorney, teaches taxes to CPA's across the nation?. You want free on you tube, Mark Kohler's a lawyer and cpa tax accountant with more credentials than any of us put together in 1 lifetime. How about Mat Sorensen who is top guru for all things IRA investing...look them up before you knock down Renatus and brand them a cult. Grant Cardone is gimmicky sales pushy, worst at a higher price point and charges every year $25,000 to be in the 'rei club network'? Not knocking down Cardone, yeah he is rich and all with an agenda to his program. You cannot pass down Cardone's program to your family, but you can keep paying $25,000 yearly... Just saying..

Mistakes is part of this journey some more than others, what you do with mistakes is up to you - learn to be better with costly mistakes rather than get the right education first  or be bitter(many end up here, jaded because of misplaced righteousness and own undoing)? so test drive before you buy full price is ok, for $50 veritas.renatus.rocks . Go ahead, it's cost of dinner, no one is going to force you to buy anything else, just try it out for 7 days, no upsell, no sales pitch, no obligation test drive, for real. just sharing. The system will verify valid email and phone so that you are notified with reminders only on test drive, your information is not shared outside of renatus.

Post: is Renatus the Real Deal or a Scam?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Just my 2 cents, BBB rating only means the firm paid $600 to get the good rating, so why is BBB any less of a scam. They rate good as long as you pay and renew every year for $600 that's bribery to  me, ratings don't mean anything it's not based on real data only membership payments. There's been testimonials from people on how they were able to build wealth in Renatus which took time, years even. The instructors-coaches are also investors with high earnings and net worth. The possibilities are there but never guaranteed. This said, I agree do your own research before spending the $20k or $2k,  I certainly am. There has to be value add. Do I take my 20k and invest in  a real deal or in education? No doubt education is important, what we don't know can cost plenty in real estate, there are other ways to gain knowledge. The double edged value in these memberships is the networking, validations,  sharing of what works, what doesn't, the 'inner circle' deals and hanging out with like minded folks and work with same group, so it's a bit exclusive.  Anyway, I'm trying out the marketing side of Renatus, but on my terms. I own other companies aka investments so whatever i do, I have to weave it into my lifestyle,  needs, goals and align them. I've never been good at this  kind of sales and if have to change my lifestyle then no its not for me, time to find another way. I am willing to test the waters for awhile. I'm a skeptic like others here, so I'm testing them out still after a year. is it worth $200/year membership, same as our pro fees here $300+ - each of us will have a different perspective and responses. We all have different journeys, nothing is wrong or right, it's about what works for your lifestyle and what you want to achieve, your motivation, your values, etc. At the end of the day, some memberships offer more than others. Not comparing but for me, both memberships offer the learning aspects that I can add tools to my own toolbelt for my investments to improve and get better.

Post: HELOC leverage for Seller financing a property?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Thanks Kerry, I agree, which is where it is heading....Annie

Post: HELOC leverage for Seller financing a property?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Is It possible to do a heloc 1st position on my primary home equity to fund seller fin deal on another SF property? or just do a HELOC? what's the pros and cons to doing this? The deal is a buyout on a REC for the end buyer where the original REC contract went sideways, just for sake of simplification here. I'm looking at $70,000-75,000 buyout to the owner. Here's how the original REC went sideways...

The owner wants to evict the occupant jumping back and forth between renter and seller financing without docs on either, which they cannot until the assumed contract is resolved first  and secondly since buyer-2 paid taxes direct to the county buyer-2 has legal claims and rights to the property. the owner waived using an escrow service for the disbursements and buyer-2 did not have any experience or knowledge in seller financing.  

Am I missing anything in my analysis?? --
(1) it was assumed in 2012 by buyer-2 from buyer-1 at $110,000.

(2) the contract was unclear chicken scratch changes rather than going through a title company to either renew or revise the agreement that shows who it was assumed from/buyer-1  to  buyer-2

(3) an escrow service company was not used on the transaction for payment disbursements to be properly recorded, potential mismanagement of fund disbursements.

(4) buyer-2 paid property taxes direct to the county, which should have gone through escrow service had this been done right. 

(5) back taxes as of 10/31/2021 $9,125 due to lack of escrow service, potential mismanagement of fund disbursements.

(6) there is no paydown amortization table for the deal so I had to recreate it for everyone to figure out the payout balance from the time it was assumed in 2012 to 2022, which is at $95,000 using an online bank amortization calculator.

(7) buyer-2 made $23,000 overpayments to principal direct to 3 different bank accounts for the owner/family since there is no escrow service company ($23,000 overpayment to principal implied, factored in buyout offer/term from my company as investor since there is no paydown records from owner 

(8) 95,000-23,0000 overpayment of buyer-2 = 72,000 is the buyout amount I am presenting in purchase agreement plus concession to pay the back taxes and closing fees.

(9) I would be the investor assuming the note for buyer-2 and enter into a new seller financing agreement with my company at $70,000-$75,000

Post: Blair Halver System - why I'm not buying

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Thank you for all the information shared by others here. I appreciate the good-the bad-and the ugly experiences from everyone. I'll take them with a grain of salt to decision making. I appreciate BP even more on so many levels from the tools that help me, the webinars, and the what to stay away from shared by others.   Thank you Jim Horn on your comments - "tweak it, fail at it, adjust it until it works (this is the cost part that hurts, time or money or both for me). There is no perfect system...taking action, not quitting when it was hard...scaling the business." Sometimes it feels like I'm just barely treading water but still not giving up. I stay in the game no matter how small while thinking big. So thanks everyone for each of your perspective I appreciate them all.

Post: Lance Edwards No Money Down Apartment Buying FRAUD

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

gosh, this is awful, as I am finding out, they want your money but lie about they're there to help you. I can't get anyone to even call me back, now they claim I'm past the trial period. I'll probably call my credit card company and tell them they defrauded me and refund me money to cancel the transaction since they are not providing the service they promised they would. any other course of action recommendation from bp members would be greatly appreciated? 

Post: Mobile home value /Real Estate Contract /LOI opportunity

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Where do I go to find or obtain current value of a mobile home, to be specific its a 1999 Harbor mobile home 32'x80'. What's the lifespan of a mobile home - 30  yrs?, which would put this at 2029 then it's a tear down at this point rebuild something else on the property. I may have an opportunity to buy the SF mobile home(4bd, 2ba,2240 sf on 0.5 acres near Albuquerque NM). Tenant in home. I'd like to run this by another person with more expertise than me in this forum. So let me paint the big picture and some known details so far.... 

(1)The REC rolled over/transferred to 2 different people improperly. How it was handled is messy, poor docs, potential fraud from owner forging end buyer signature without consent, no paydown financial logs(amortiz table) on the REC since there was no escrow company involved so the payments were going in direct to seller account who was not paying property taxes and the tenant is getting burned on this deal.

(2)The contract almost non existent or sketchy at best. No financial record paydown since there was no escrow company to manage all payments appropriately, which will have to be audited. The home is paid off. 

(3) There are back taxes $9100 estim. I checked with county records.  

(4) I'm thinking opportunity to buy a deal and keep renting it to same tenant already in home. I'm trying to see what the value of the mobile home only, as another leveraging point - mobile homes depreciate so it isn't worth what the owners think they can get out of it all things considered - back taxes, mobile home depreciation, etc. The comps indicate MAO maybe $115k at best, owner asking $175k...

(5) I'm thinking of structuring an LOI with contingencies - comps, inspection (mobile homes could have termites), funding, back taxes paid off, audit of REC amortiz paydown

(6) Tenant reached out to me for help via an investor network I belong in. Tenant  didn't know how RECs worked and I was the first person and only person who shared my REC experience and knowledge. Tenant is caring for an elderly mother and they have no credit or assets, so I'm trying to at least help while at the same time maybe get a deal out of helping someone that works for all. 

(7) Any additional thoughts??? I'm open to a phone call, email or text, appreciate any help/advise on this.(8four7 3one2 8four45). Thanks.Annie

Post: Best way for new investors to get into MultiFamily

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

I'm kind of in similar situation. I'm not an accredited investor, ergo how do i get to be an AI is the 64mil question indeed. I've been a part of group syndication as passive with IRA funds. I've done SFRs, unscalable as we all know. Plus I had a ch7 bankruptcy so limits me even further, The no money down, not use any of my credit is possible, just not easy. Anyway, I agree with most comments here - start with the end in mine and work backwards from there or reverse engineer the numbers to layout your plan then execute accdg to plan and adjust as needed with risk and leverage in mind. I've made some progress on getting a BLOC $5-10mil and also got capital funding for 1.5mil community development. None are easy or fast. If I had 100k-250k to invest I'd diversify a bit maybe 50-50, look for group syndication as a passive investor and look for 2-3 yr exit to accelarate/reinvest but this is me - not so interested in op mgt, just passive income. Really depends on your objectives, again start with the end in mine and work backwards as most comments here too say same then scale via rinse repeat approach. watch the tax implications, depreciation in the lifecycle of the investment. It's different for SD IRA investing into RE which is what I have my funds in. Be sure to talk to an accountant who understands the laws regs in RE investing, not all accountants are equal....hope this helps.

Post: BP Multifamily Syndication - where to find good info?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

can anyone share info on good reading/info on MF syndication that'll help me accelerate my understanding on this, like a webinar or overview information on GP,LP, Co-GP, sponsoring and structuring syndication deals, raising capital funding etc for 100+unit deals or even hotel to MF value add conversion. I'm especially interested in what each key role definitions - don't have to be long, just enough for me to get started and get a better understanding of all the moving parts and structuring the deal I'm trying to scale from SF STR to MF 100+ deals.Thanks.

Post: Painted floors in converted attic?

Annie IrizariPosted
  • Real Estate Consultant
  • Albuquerque, NM
  • Posts 28
  • Votes 9

Don't be penny wise $ foolish is my rule of thumb. I tend to agree with most comments here. I'd paint the floor with Kilz for good seal, something I've used with pet odor in homes to block off and seal the odor then lay down the carpet/tile/hardwood/ or vinyl plank flooring. next, what are  you trading off by doing this - might be cheapest but is it really? If you have to come back later to fix or address later - that's time for you - is it worth it? Maybe spending just a little more can save you in the long run with time and money later plus possibly be able to increase the rent too. At the end of the day, it's about value add to you and your units/property. Your time is more valuable than saving pennies.