All Forum Posts by: Earl Co

I am financially savvy and frugal, and although I already have two years of experience with two multi-family short-term and long-term residential rental properties, I recently bought a Renatus education package because I found value in the local network and the education itself. I don't know what I don't know and the lessons I learned so far have already paid for itself. A lot of content from other companies don't go into as much detail or don't provide enough value for the cost. I'm previously self-educated but the Essentials package I signed up for has been so far so good that I will be getting the Advanced Investor Training packages soon. I've saved more than I've spent from the lessons I learned in taxes and the more hours I did not have to spend with a CPA. There are things I learned that I'd have to spend countless hours digging through YouTube and BiggerPockets to find something reliable. At least I know the info I'm getting is good.

People are mentioning the (COMPLETELY OPTIONAL) network marketing side of the business but in reality I'd rather a company pay its students to share their experience than spend 70% of their revenue on advertising. You do not have to market the education to become successful in real estate investing; the education itself helps you keep and grow your wealth. That said, I can't help but recommend it to people I meet who want to get involved and do what I'm doing, because they provide a business system that works. Real estate is a team sport and your network is your net worth so the more people you interact with, the more deals and partnerships you can make. That said, I always encounter people who always wanted to get into real estate investing but did not know how nor did they have the time, patience, resources, and self-discipline to do research on their own. Especially for those people I meet, I can now recommend an education service that works.

Renatus is not accredited by the BBB, meaning they did not pay to get the A rating. BBB doesn't take complaints down, they keep it up along with the status and resolution. As in any investment, do your own research and read every review. The company has nothing to hide, and that's one of the things I like about them. I paid for a product and got more than what I paid for, so overall I am very happy with my purchase. Feel free to message me if you have additional questions and I'm happy to provide more clarifying information.

I am financially savvy and frugal, and although I already have two years of experience with two multi-family short-term and long-term residential rental properties, I recently bought a Renatus education package because I found value in the local network and the education itself. I don't know what I don't know and the lessons I learned so far have already paid for itself. A lot of content from other companies don't go into as much detail or don't provide enough value for the cost. I'm previously self-educated but the Essentials package I signed up for has been so far so good that I will be getting the Advanced Investor Training packages soon. I've saved more than I've spent from the lessons I learned in taxes and the more hours I did not have to spend with a CPA. There are things I learned that I'd have to spend countless hours digging through YouTube and BiggerPockets to find something reliable. At least I know the info I'm getting is good.

People are mentioning the (COMPLETELY OPTIONAL) network marketing side of the business but in reality I'd rather a company pay its students to share their experience than spend 70% of their revenue on advertising. You do not have to market the education to become successful in real estate investing; the education itself helps you keep and grow your wealth. That said, I can't help but recommend it to people I meet who want to get involved and do what I'm doing, because they provide a business system that works. Real estate is a team sport and your network is your net worth so the more people you interact with, the more deals and partnerships you can make. That said, I always encounter people who always wanted to get into real estate investing but did not know how nor did they have the time, patience, resources, and self-discipline to do research on their own. Especially for those people I meet, I can now recommend an education service that works.

Renatus is not accredited by the BBB, meaning they did not pay to get the A rating. BBB doesn't take complaints down, they keep it up along with the status and resolution. As in any investment, do your own research and read every review. The company has nothing to hide, and that's one of the things I like about them. I paid for a product and got more than what I paid for, so overall I am very happy with my purchase. Feel free to message me if you have additional questions and I'm happy to provide more clarifying information.

@Frankie Betancourt why would you do this? You can do it, it's just silly because you will now owe income tax on that income. If you're trying to earn points and miles on credit cards, Google "manufactured spending".

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $108,000
Cash invested: $38,000

My first deal, a 3-family brick building with a 10+ year long-term tenant (cash flow day 1). Needs some deferred maintenance and rehab work, ARV ~$160k. Hoping to BRRRR eventually. Cash flow could increase by $300 if my brother didn't need one of the units.

What made you interested in investing in this type of deal?

Small multi-family meant I could get a conventional loan but still have multiple doors with only one closing cost

How did you find this deal and how did you negotiate it?

MLS, then renegotiated after inspection

How did you finance this deal?

Financed using personal savings plus $15k from a Chase Slate credit card balance transferred to a $0 balance BankAmericard then requested overpayment refund check, deposited and seasoned in savings account.

How did you add value to the deal?

Renovations, raised rents to market

Lessons learned? Challenges?

Screen tenants properly especially if B/C class neighborhood

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Shawn Pepe

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $233,000
Cash invested: $50,000

Legally 2-family, functionally 4-family, turn-key property furnished and converted into 4 Airbnb listings with 95% occupancy month over month.

What made you interested in investing in this type of deal?

It was actually way over our budget but the numbers worked out and the quality of the property was beyond other properties we've seen, while being in a great location particularly for Airbnb

How did you find this deal and how did you negotiate it?

My real estate agent found it as it was his brother's listing (also an agent)

How did you finance this deal?

Equity partners

How did you add value to the deal?

Furnished and converted to Airbnb

What was the outcome?

Running successfully with 95% occupancy

This email tells you all you need to know about Rich Dad Coaching and how Professional Education Institute runs their business.

I can't speak about the IMA marketing yet but I bought the education (AIT Essentials, $2000) and even though I already have two rental properties (7 units, 2 Airbnbs), I've already learned so much from some of the videos I've watched so far.

I made an auto-populating spreadsheet that I derived from the four-square worksheet, and I'm happy to share it with the BiggerPockets community. I also wrote a program to automatically populate the spreadsheet with MLS listings from my agent. I'm leaving this here in case someone wants to adapt my version of the spreadsheet (supports multiple properties, one per row), as well as an automated, programmatic way of populating the spreadsheet given a paragonrels.com or fnimls.com link from an agent/broker. Enjoy!

https://github.com/earlvanze/Paragon-MLS-API-Interface

The program now supports given only a list of MLS numbers and a System ID. If your region's MLS doesn't use Paragon's undocumented API, the code won't work without significant modifications to the get_properties() function. I am planning to have this code running on a website using Flask soon so I can access it while mobile, but it will still need to use the Paragon API which not every region uses.

I made an auto-populating spreadsheet that I derived from the same four-square worksheet, and I'm happy to share it with the BiggerPockets community. I also wrote a program to automatically populate the spreadsheet with MLS listings from my agent. I'm leaving this here in case someone wants to adapt my version of the spreadsheet (supports multiple properties, one per row), as well as an automated, programmatic way of populating the spreadsheet given a paragonrels.com link from an agent/broker. Enjoy!

https://github.com/earlvanze/Paragon-MLS-API-Interface

The program now supports given only a list of MLS numbers and a System ID. If your region's MLS doesn't use Paragon's undocumented API, the code won't work without significant modifications to the get_properties() function. I am planning to have this code running on a website using Flask soon so I can access it while mobile, but it will still need to use the Paragon API which not every region uses.

Im I'm the same boat as everyone else here @Michael Sato. I actually just finished this book on Audible and need an access code for the bonus. Thanks!