All Forum Posts by: Nate Marshall

Quote from @Matt Mahoney:

Quote from @Anthony Stephens:

It sounds interesting but my concern is that this would be an unsecured loan to someone who may not be in a good financial position. I assume that if the wholesale deal falls through the earnest money is lost and the "Gator" lender would have to seek the money from the wholesaler who did not have the funding to begin with.

Am I misunderstanding?

 Looks like the money goes to the Escrow Company so no loss

but the seller has to sign to release it. and if the seller thinks they were lied to by the wholesaler ( very common) they will not sign.. and the money is stuck too small to litigate over and if not resolved the title company will file an interpleader with the court and send the money there.

There is no guru or course on the planet that can teach you real estate development in the span of days or weeks

Someone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members. How to hire a design team, what to look for - do you run all the agreements under the architect or separate and why…..

To me anyone going into a this type of program is going to be disappointed.

Quote from @Nate Marshall:

Quote from @Jay Hinrichs:

Quote from @David C.:

I lent money to a flipper that bought from them.  The deal worked out okay but the agent my borrower worked with wouldn't release the keys, even after escrow closed, until his commission hit his bank account, that among other small issues.  Low class outfit ...

one of my borrower/ clients went into escrow with them last week and  put up the non refundable money getting ready to close and well  the title needs to be probated.. so these guys dont run title until they have your deposit.. will see if and how easy they give my client back his money since it did not close on the closing date and no extension was given or signed..

 That is what we call FRAUD! 

follow up on my transaction..  to be fair and balance like Fox news.. my client negotiated to leave 1k with them and extend the close until probate is done and get refunded 6500.00 so assuming they actually send him a check .. I did want folks to know. that but I can tell you johnny wholesaler that might have got your deposit. very good chance something like this they would ghost yuo and you would never get it back.. they already spent it and dont have it to give back.

Quote from @David C.:

I lent money to a flipper that bought from them.  The deal worked out okay but the agent my borrower worked with wouldn't release the keys, even after escrow closed, until his commission hit his bank account, that among other small issues.  Low class outfit ...

one of my borrower/ clients went into escrow with them last week and  put up the non refundable money getting ready to close and well  the title needs to be probated.. so these guys dont run title until they have your deposit.. will see if and how easy they give my client back his money since it did not close on the closing date and no extension was given or signed..

Hi all,

So I was reviewing a list of reviews given by people on RTR (Rent to retirement) and was surprised to found not even one negative, which made me think of my experience and I decided to write a review so as to save people from this scam.

I came across RTR in 2022 through a referral, I researched their reviews and decided I will use them for my first real estate investment which is a turnkey property. I saved some money and decided to pull the plug in April 2024. They identified a property for me and sent me a house in Akron, OH. The point of contact for me was Adam. He gave me some pointers on how Akron is an upcoming city and investment here will be very good. They told me about this area Kenmore which is the next area to be transformed by the city and my investment will be very fruitful. I decided to go on with the property in Kenmore and went through the process. The seller was Steve Yoak from Yoak enterprises who bought the house and renovated it. I was told his work is the best and all his houses are top notch quality, I trusted their word thinking that things will come up in appraisal as well as inspection. the inspection was good, nothing negative was on the inspection, the appraisal was also correct. I was very happy but little did I know the worst was yet to come.

Steve Yoak got me in touch with KS Yoak enterprises who he said was his uncle and PM. RTR told me I should take them as they are good. I finalized the property on May 3rd and they told me they already have a tenant ready to move in (they did not take my approval or anything or even informed me their background). I was super happy. I thought this is so smooth. I got my first rent cheque in june for may rent and everything was good. From mid july I started noticing I have not received any deposits and I thought it might be a delay since it is a new property. Late july I tried to check in with KS yoak and they were confused. After 1-2 weeks they told me the tenants stopped paying rent after the first month. For the next 6 months, I had to deal with the incompetent behavior of KS yoak who could not solve my tenant issue and they had no idea what was going on. After I raised this issue with RTR, they knew they fu*ked and they paid me some money as compensation and asked me to stay quiet and not post anything negative (which I am clearly not doing). Till April 2024, I was the one who managed everything with the tenant and got all the rent and made them pay back. KS yoak basically made the situation worse. I cancelled their contract and when I asked them the security deposit be mailed to me in NJ, they sent the security cheque to some address in Philly. Overall, it was the most stressful investment I had.

Coming to 2024, I decided to sell this property as I am done with this headache. I bought it for 135k and the realtor is saying it will go for max 125k. The property has so much issues now, the basement which Steve Yoak worked on has openings and there are rodent issues. the air conditioning does not works, the house is having other issues with fridge as well. It is shocking that this TURNKEY PROPERTY is anyhing but turnkey.

Overall, I would very much avoid anyone who is using them. They are a scam and they make the most money. I know I am at fault here too that I trusted them blindly. I would appreciate people who can help me on what I do with this property.

A good friend of mine convinced me to buy a ticket for one of Jerome Maldonado’s speaking events. I’ve been interested in real estate for a while, so the event sparked my interest, but I’m also aware that there are a lot of scammers and “hucksters” out there who simply take your money and don’t offer much in return. I wanted to see if he was legitimate or not, so I did my due diligence. 

I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser. Has anyone had experience using this financing, or can recommend a similar financing alternative without the overhead of joining an inner circle?

@Nate Marshall - That's fantastic, Nate! I wish there were more stories like yours out there. I've been seeing far too many people with bad experiences and not enough with positive ones, unfortunately. 

Thank you for posting that very detailed experience. I had a recommendation for this program after a bad experience we had flipping our last three properties. In the past year we've been through the ringer financially due to bad contractors, deal promises, and generally just being new to the game. We've learned a ton, but at a significant cost. Definitely not willing to put money into something like this and potentially worsen our situation.