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All Forum Posts by: Jeffrey Marino

Jeffrey Marino has started 0 posts and replied 2 times.

Post: Has anyone worked with Tardus Wealth Strategies?

Jeffrey MarinoPosted
  • New to Real Estate
  • mount laurel, nj
  • Posts 2
  • Votes 3
Quote from @Kevin Chhorr:
Quote from @Jay Hinrichs:
Quote from @Don Konipol:
Quote from @Jorge Borges:

Hello BiggerPockets members. Love his community. 

Have anyone of you hired Tardus for wealth coaching? They are the creators of the Income Snowball (i.e. Income Snowball, a system of investing in which a person can create self-sustaining passive income). I'm looking to find unbiased reviews of their service.

Thanks!


 Just looked at their website.  I don’t see anything glaringly wrong with their concept but 2 things have caused a red light.  1. Continual use of buzz words to describe their concepts and 2. Claim that their financial wealth consulting offers concepts only they provide.  That claim can not be even remotely true.  They seem to be a financial planning company with a bend to aggressive investing in alternative assets.  But if they just said that they wouldn’t appear unique.  
There’s been a lot of “dumbing down” of financial services and coaching in the last 5 years.  The results are people who don’t know that their stock picks can go down as well as up; who think that the ‘stock market” guarantees a 15% annual yield; who don’t have any concept of risk, or it’s relationship with return; and who believe that the intrinsic value of an investment is somehow directly related to its last 12 month pricing movement.  When the next down market comes, it’s going to be brutal.  


I skimmed through it .. basically they are saying take a loan on your house  then loan that money to a credit worthy company/individual and make the delta just like any lender in the US that uses OPM to lend to others and make the delta.. although they talk about a sweep account so if your on top of it you can knock down your interest quicker than doing it manually.

the real question is who are these credit worthy partners to lend to.. this could go turtle very easy ..  you borrow on your house lend to another and they default your now are fubared.

I was listening to their videos.  They make it so simple, like all the loan they lend out on prosper will not default. Their program depend on everyone you lending to on prosper or other P2P lending platform won't DEFAULT.  Thats very highly unlikely. 

And beware that prosper, and other peer to peer lending platforms, don't operate in all states. 

Post: South Jersey Meet Up

Jeffrey MarinoPosted
  • New to Real Estate
  • mount laurel, nj
  • Posts 2
  • Votes 3

Hey Guys, I just signed up for BP and live in Mount Laurel.   Have you guys met again or are you still meeting?  I'd be interested in meeting some folks from my area.  Thanks!