All Forum Posts by: Phillip Tillotson

I bought my first house with usda last year. 

Buyers can put a down payment on the property, but if they using usda then it is because they don't have money for a down payment. 

Closing costs can be wrapped into the loan. The trick is that the house needs to appraise for the loan amount including the extra usda costs.

The closing itself was very quick and painless. We found the hous at the beginning of December and moved in on the 19th.

The downside is that the seller foots a larger portion of the closing costs unless the buyer has the money for it. If you can agree on closing costs then you are home free.

The bank and closing company go the extra mile to educate the usda buyer (because they have to).

I'd sell to a usda buyer if we could agree on closing costs.

If the tenant has a signed and dated lease for this year then consider it valid. Fair Housing will most likely agree.

Assuming this is the case, be sure to request the security deposits from the current landlord. That responsibility becomes the new lanlord's responsibility.

Lease can only be terminated if tenants breach it or you both mutually agree.

If you are having to question legalities at all then you need to get a lawyer. Not worth the risk of being wrong.

First: Most people here like to protect others from scams. That's what the real estate license was created to do. Protect.

Second: Opinion.

Third: They state that it is hard to be successful doing just the affiliate because you can't relate about the education. (first flag) They do their best to convince you to do at least the lowest tier. Also, for those of you who's only comeback is "first hand experience" I have first hand experience with this when vetting it out for my Fiancee. It was clear they did not want affliates. They wanted to sell education

Fourth: I'm still trying to break out of my shell and I've managed to meet people that help me to be successful. I didn't have to pay 16k$ for that.

Fifth: Opinion. Hard to prove you are good when you are related to bad.

Sixth: You forgot to add how they want you to finance the school. They suggest bank loans/ira/begging. If they believed in a students success so much then why wouldn't they deduct from earnings as payment?

Seventh: Please do go in depth about the affliates that have to convince 3 people if they buy the lowest, 2 people if they buy the middle, 1 person if they buy the highest. Then explain the next tier that requires even more people be convinced to buy in. Then explain how your first 1-3 deals you get very little on. If you make it this high (means you are good at convincing others) then you turn around and do the same thing to all new people. This builds and builds like a.......pyramid.

Eighth: We know you all will continue to argue. Who would admit they were wrong after investing 16k$? Also, I have seen the cult like following on several websites. Nonstop arguing until people give up. That is your goal.......argue until we don't want to waste our time.

Really should use a cpa. They can not only help you with last year, but they can also advise you on how to better handle your funds for taxes this year. Invaluable if you are making big returns.

I'm on-call and its late. Typo's fixed. (of = off. See quote)

Believe that would be a blanket loan. Allows multiple properties under one loan. Also, you can sell of individual properties inside the loan so long as you also pay of enough of the loan to release the propertie(s).

Scott Rowe: http://freelambo.com/

www.WebinarIntro.com

It's funny.......the follow up videos have been changed. Also, I can't access them without it being live.....must have had poor results.

http://www.ripoffreport.com/r/nouveu-riche-jim-pic...

http://en.wikipedia.org/wiki/Nouveau_Riche_%28real...

http://nouveau-riche.pissedconsumer.com/lied-about...

http://www.scam.com/showthread.php?t=6928

Basically, google Scott Rowe - Nouveau Riche University - 

In case you are wondering....Nouveau Riche was the school that closed due to it being illegal. Some of the people from that school helped develop Renatus.

Best link for last:

http://workathomeincomereviews.com/nouveauriche-ht...

This is the reason Renatus was created. To start where Nouveau Riche failed. I highly doubt it is much different.

I've spent enough time on this. I know that Renatus rep's will continue to defend/deflect. If a person still wants to do this then I wish you the best.

Scott Rowe recorded the videos. He did it via webex. It appeared to be his home. Other people were included. One was a woman in marketing.

I watched all 8-16 hours of video and sat on a conference call. (for my fiancee) Here were the key points to the phone call.

The phone call started by Renatus asking if I was going to do marketing. I told them no which was followed by an awkward silence. Then a long sigh and a "Ok so what do you want to do." Clearly he was not enthused.

Q: Can I be an investor without going through the school?

A: No. We have things to teach even the most experienced.

Q: Can I test out?

A: Yes, but you still have to pay for the school.

I never could get him to clearly explain why there were two pyramids for marketing and then a pyramid for the real estate side.

The main exit strategy for all deals were to whole sale to a large hedge fund.

They had 0 numbers for success rates. They spent 90% of the 8-16 hours of video explaining the marketing. Clearly, they were targeting people with low funds and limited knowledge or people who know how to play the game well and legally dupe others. 

I have a lot more negatives. If this gets pushed further then I'll spend the time to find the proof (again) so that you can't accuse me of being a liar. One is about a school before Renatus that is linked to people that run the current Renatus school.

They promise you funds for investment after you go through their school. They will not work with you unless you go through their school. You can't even test out. Doesn't matter how much experience you have. Sales are pyramided and the real estate side is pyramided. Not sure how many companies they created to prevent them from having to report to the government. Their videos tell you in plain English that they spent a lot of time and money to determine how far in a pyramid they could go before they had to report to the government.

scam.