All Forum Posts by: Rocky Lalvani

Tardus is legit. I think the patent Tanisha received is well worth the effort. Yes it costs money for the coaching, but the typical investor would take decades of trial and error of other investing techniques and would probably never arrive a systematic way of approaching investing for cashflow as is created with the income snowball. Most from the BP community understand wealth is not created by just saving and investing (e.g. traditional 401K) unless you are able to start very young and just do it consistently for 30-40 yrs. Real wealth creating by using leverage (not debt) appropriately. The BP community of course naturally gravitates to fixed rate long-term debt on real assets as probably the safest way to use leverage to build wealth. Short term leverage inherently increases our risk. E.g. if you use margin or options, bridge loans with 1yr balloon payments, etc.... this can be very risky.

One of the biggest value-ads for Tardus is it teaches you a system on how to analyze investment opportunities and use short-term leverage in a risk mitigated and consistent matter. To reiterate, Tardus is not a wealth management company...they don't invest your money...you are the one who retains control. Tardus is a wealth coaching company. They teach you the systematic way to invest and how to analyze investments for a cash flow mindset. It is very algorithmic-ly dictated based on and numbers and percentages. Any "spreadsheet freaks" out there are gonna be amazed when you dig deep into crunching the numbers. So in my opinion, it teaches me how to use short-term leverage to build an income snowball...then once I get an efficient and ever-increasing machine...I pivot that into getting more long-term assets (using safe, long-term leverage). Using the short and long-term leverage accelerates my TIME FREEDOM date.

They have a bunch of free videos out there related to the Income Snowball and their new partnership with rent-to-retirement, and a very savvy "numbers person" could probably surmise and re-create the system on their own if they really want to be cheap. But why do that huge lift? Just pay for the coaching, it will pay for itself eventually, you will get all the support you need to be successful and join a lively community of like-minded individuals all trying to help each other succeed. You are sum total of the people you surround yourself with.

I am a Tardus paying client, none of us that recently posted get any sort of kickback or referral fee for talking about our experiences on BP (although I do believe there is a referral bonus if you refer a new client...but it is nominal enough that no one is trying to bring in new members soley for this bonus). In our closed group, it was just mentioned that this forum thread was discovered and that everyone responding were just speculating with no actual clients commenting. A request for honest feedback was requested and within the matter of hours/days, many of us were willing to comment. I think that goes a lot to show you how engaged Tardus clients are. Yes, we pay a fee for the coaching, that many of us feel is fully worth the cost, maybe having "skin-in-game" makes us more likely to take action and be excited about the company, but that is for you to decide. I am pretty sure they give free consultations to explore your financial position and current cashflow, to see how Tardus could be of help to you and if they would be a good fit for achieving your goals.

I have been looking at Tardus and one of my primary questions is how they identify "fast burning" vs "Slow burning" fuel. For fast burning, you need to find an investment with 30-50% cash on cash returns - that is where I am skeptical - I have already invested in many of the vehicles they suggest and have not seen that kind of return (or it involves more risk). Since you retain control of your money, how does one consistently maintain 30-50% cash on cash return?

Hi Heidi, I'm not sure which investments you have tried yourself but I can let you know the ones I've tried personally with my snowball.

Peer to Peer lending (on Prosper) - Invested $10,000 initially - receive $320/month for 3 years. $320 x 12 months = $3,849/$10,000 initial investment = 38% CoC Return

The Legacy Income Model (this is a product a financial planning firm created specifically for Tardus clients) - Invested $10,000 initially - receive $310/month for 3 years. $310 X 12 months = $3,720 in a year. $3,720/$10,000 initial investment = 37% CoC Return

You can receive similar results with other investments that pay principal & interest. These can be things like mortgage notes, crypto loans, personal or business loans, some clients have even used MCA or their infinite banking policies. Tardus has hundreds of clients who are using the old "tried and true" methods that are extremely passive or finding new ones that require further due diligence. It's really up to the individual investor (and their coach who helps them create their criteria and decision-making process.) Tardus is "investment agnostic" - they're teaching the strategy, not affiliated with a specific type of investment.

Sure it’s 37% of your cash back but 320x36 = 11,520 or 1,520 return on 10k after 3 years which is a single digit return rate and risky. With todays borrowing rates it’s inconsequential.

2 Votes

Boston, Massachusetts

One of the best ways to use Profit First with rentals is to set up separate accounts for vacancy / turnover costs, repairs and major upgrades. By saving a small % each month for these costs you have the money to pay them when they come up. It won't mess with your cashflow and smooths everything out. When it's time for a new roof you already have the money set aside to pay for it.

2 Votes

I am certified by Mike to implement Profit First and yes it can really help with cash flow management and keeping reserves for real estate. I know this post is old but if either of you have questions I am happy to answer them.

0 Votes

There are other repairs I had to make. These are the ones where I was not sure how much is wear and tear vs tenant damage. The painters do more than an hour of work and make the p,ace look pretty new.

Thanks for the feedback I just have to get a better understanding of wear and tear expectations. I won’t be charging the tenants for most of this.

0 Votes

I have read some different responses on what to charge for when tenants leave.

I have 2 tenants leaving this month.

For the one they were there a year and had some minor paint damage / holes. Cost of repair is $150. Is that fair to tenant or should I cover this?

For the 2nd they have been there 3 years. They had pets and the pets damaged the carpet. The steps also had carpet damage due to wear.

I have a pet fee and deposit. Should the pet fee cover the carpet damage? It’s about $300 of repairs and the pet fee was $35 a month. How much wear is acceptable for a carpet on steps?

There is also paint touch up and hole damage of about $600. Some of the posts suggested this as being normal wear and tear. How do you determine how to draw the line.

The washer and dryer have some weird discoloration and scratches on them. How do you determine what to charge? The repairs don’t make sense as they are mostly aesthetic.

Thanks!

0 Votes

All Forum Posts by: Rocky Lalvani

Rocky Lalvani has started 1 posts and replied 5 times.

Post: Has anyone worked with Tardus Wealth Strategies?

Post: Profit First Book by Mike Michalowicz- Experience?

Post: Profit First: Has anyone read or utilized strategies?

Post: What’s fair for repairs on move out?

Post: What’s fair for repairs on move out?