All Forum Posts by: Dan N.

@Jay Hinrichs, which syndicators are waiving rent entirely?

I found 3 posts on Reddit from this week. None had more than 3 comments. However, one linked to this twitter post: https://twitter.com/tonydwagner/status/1148442052851408897

@Bryce Davis Yes, for my part. I've been a member for 5.5 years and during that time I've invested in 19 apartment deals of which we still own 14 (actually, one of those closes to buy in 2 weeks). Due to market changes, the returns aren't reliably double-digit any more. However, I believe the tax advantages, forced appreciation, and fairly reliable cash flow are still worth it. I recommend you attend one of the free LU events to get an overview of the programs they offer so you know what you're getting. I recommend you commit to networking to with others. Feel free to PM if you want more specifics. 

@Bryce Davis

@Harrison Liu, why don't you call them and let them know you're interested?

@Larry So, I don't think you can legally remove true information from your credit report. Only time will remove it. Consider calling a credit repair specialist, but be careful because they can be scammy as well. 

I second the recommendation for Lifestyles Unlimited. I'm a satisfied member of nearly 4 years. They do both SF and MF. 

@Account Closed, I recommend you connect with one or more local realtors who specialize in investment property. I also recommend you continue educating yourself. Consider podcasts from BP and Lifestyles Unlimited. Lifestyles has a San Antonio office and runs regular free workshops to give you an idea of buy and hold strategies. 

Buying for appreciation always seems like a dangerous game. It's like musical chairs and when the music stops, the one left out loses. 

I used Investmark for a hard money loan in San Antonio in 2013 and I was happy with them. 

I believe Brad S. currently works for himself and not for Lifestyles. I am a current PIG member (from a different office) and I have more than made my money back passively investing in apartment deals. For people who want to learn how to buy and run properties, I have personally seen Lifestyles employees go on site to evaluate a potential purchase with a prospective member buyer. Success as a passive requires networking with enough lead investors who have deals and also networking with passives to find out who the best leads are. It's true that everything Lifestyles does can be done outside of Lifestyles. However, Lifestyles has enabled me to invest more quickly and confidently with people than I believe I could have done without them. 

Lifestyles doesn't buy any properties so investor returns are a function of the investment. I don't believe credit for using Lifestyles realtors is something they do any more either. I know people that have used non-Lifestyles realtors for SF and MF properties. It's not a requirement. 

I can't speak to the licensing issues, but it sounds like overall you had a different experience than me. Perhaps there was an issue in a certain office or perhaps they've corrected some of those issues since you experienced them. 

I just wanted to post my experience as a counterpoint to yours.