All Forum Posts by: Nate Marshall

Hi BP community!

I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).

In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.

Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.

If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.

Thank you so much in advance, and happy New Year to everyone!

🟢 Pros and 🚩Cons of Renatus Education: A Personal Experience

When I initially decided to pursue real estate education, I chose Renatus. As a total beginner at the time, I found the educational content helpful and informative. However, as with any program, it comes with both advantages and drawbacks.

Pros:

1. Valuable Network: One of the key benefits of Renatus is access to a network of contacts, which can be crucial for growing your real estate business.

2. **Comprehensive Content:** The educational materials provided are detailed and cover a wide range of topics, such as fix-and-flips, rentals, and creative financing strategies. For those who are proactive, these resources can be incredibly beneficial.

3. **Expert Guidance:** Working closely with the Renatus head coach proved to be a better path for me. Their guidance tends to be more consistent and reliable compared to the marketers associated with the program.

### **Cons:**

1. **Inconsistent Support:** A major downside is the lack of consistent support from marketers. While they are eager to sell the program—often because they receive a significant commission—many are unavailable or untrained to provide assistance after the sale.

2. **Overpromising and Underdelivering:** In my experience, some marketers employed questionable tactics, such as making exaggerated claims and using high-pressure scarcity pitches. For example, promises of guaranteed funding for deals were not upheld in my case.

3. **Limited Flexibility in Marketing:** The program often promotes fix-and-flip strategies, which may not align with everyone’s investment goals. For those interested in rental properties or other approaches, the marketing focus can feel misaligned.

4. **Ethical Concerns:** At the time I joined, certain marketing tactics raised red flags for me. Some approaches felt legally and ethically questionable, particularly for someone trying to transition quickly out of a 9-to-5 role.

**Advice for Future Participants:**

If you decide to join Renatus, focus on building a relationship with the head coach rather than relying solely on the marketers. Be cautious of any promises that seem too good to be true, especially around funding or guarantees of success. Always approach such claims with a critical eye.

This education has potential, but like any tool, it only works if you put in the effort and stay vigilant against common pitfalls. To anyone considering this or similar programs, weigh the pros and cons carefully and stay proactive in your learning journey.

Quote from @Nate Marshall:

Quote from @Eugene Weixel:

Is Morris presence in Portugal thwarting the New Jersey lawsuits?

 Portugal has extradition issues with the US. There are other ways. 

I heard he moved back to the states ????

Is Morris presence in Portugal thwarting the New Jersey lawsuits?

Quote from @James Wise:

Quote from @Jay Hinrichs:

Quote from @Christopher Stevens:

Quote from @Chris Clothier:

I'm still not going to post at length here as there is clearly more to come out, but the past few posts are interesting to me. 

I think one critical piece is being overlooked.  It is my opinion, that in order to get investors to look to the left while you are showing them on the right what the investment entails, you have to have a brand with a good reputation using their list to raise money.  If investors believed, as most emails I have received from this company going back to 2012 have made it appear, that this was a real estate company doing real estate business, then many investors may have simply let their guard down.  Many may not have known or understood what they were investing in.  They may have been looking left and preparing for a 12%, 15%, 17% return and never paid attention to the risks on the right.  Many were clearly caught off guard by the detail that their distribution could be halted and their investment converted to stock.  

I would think you have to have a very specific audience to go for this type of investment and pre-existing trust is at the top of the list.  An audience that has been built over a long period of time and with a lot of faith and belief in the personality presenting is one that is most prepared to invest without question and most likely to be attracted to the high returns.  The audience is pre-disposed to believe. 

 100% correct, Chris! Well said. 

Chris this also reminds me of the first real estate crowd funders like Realty Shares that imploded spectacularly.. A tad different with them but there was so much hype that they would put an investment up and literally fill it in 1 hour.. no way anyone did DD on them or the deal.. it was massive FOMO and whatever trust they had built. So like you said I think folks Jut basically trusted the Sponsor and for whatever reason did not realize the risk in unsecured Notes..

The trust one can build up over the years on platforms like BP, Youtube and others is insane. As an example, and I have had it happen multiple times; we put a property under contract with a new investor and when we send them the wiring instructions for the EMD to be held in HoltonWise's trust account, they get so excited they (unprompted) just go ahead and wire in the full $100k or so purchase price amount instead of the $1k or $2k EMD. Then I need to go back and explain the escrow process and how they should never send that money to a seller and it should only go to a title company etc etc....

So you take a cat like Marco who's been around every day for a long long time, it's not surprising people would blindly buy whatever he was selling. Same thing with Clayton Morris and any other well known operator really.

YUP buyers  can be quite gullible and simply not understand the RE and escrow process.
I funded a operator over in Philly.. And he was getting foreign investors to wire him 100% of the purchase prices direct to him.. Created false settlement statements ( criminal of course) so these folks thought they owned the property when in fact I owned them.  Much like MOrris guy having all recorded docs sent to his office so the buyers had no clue of all the liens etc ..  As you can imagine his rob peter to pay paul imploded on him just as spectacular as Morris.. He just did not have the same SM presence.. But there were big articles in teh Phily paper and Baltimore sun.

Quote from @Christopher Stevens:

Does anyone know how we can write this investment off to help reduce our tax liability? Can we obtain a special form or document to show the loss?  

 Have you never filed taxes before? Your profile has several investments on it so theoretically you should be generally aware that business income and expenses are accounted for on your taxes even if you have a CPA do them and don't pay much attention to the details.......

I'm really thinking that that you are a Norada paid plant. Or I am thinking you might actually be a Marco ran burner account trying to change public sentiment and trying to get everyone to move on from suing him (you, Marco on your burner) lol.

Had a conversation with both Peter and Julie today. Julie was engaged, knowledgeable, and seemed genuinely interested in what we were discussing. Later in the day, I was set up with a call with Peter because we raised concerns about paying $10k–$15k upfront, especially since we’re supposed to be “partners” in these deals. Given my 20+ years of experience in real estate, sourcing and underwriting deals is second nature for me—I’m not looking for mentorship or education.

Again, i didnt request to talk to him.. his team set it up. From the start, Peter seemed annoyed to be on the call. His comment, “You talked to Julie and me on the same day... that never happens... this better be good,” was unexpected—I initially thought he was joking, but it quickly became clear he wasn’t. It was obvious he valued the upfront fee more than the potential of a real partnership where we could collectively earn substantial profits (hundreds of thousands of dollars vs 10k) in a matter of weeks. He prefers to walk over dollars to pick up pennies? It just doesn't make sense. 

Quote from @Nate Marshall:

Quote from @Tonya English:

Nice cordial people who mean well, but had the program for a year and they didn’t produce even 1 hot lead let alone a contract.

 Yep. I have people in my organization who have experienced the same mis treatment. All nice and cordial on the sales pitch but deliver NOTHING! 

 Yep, they even did prayers on the phone with me. LOL!!!