All Forum Posts by: Sebastian Bennett

@Joe S. I will agree with you, getting multiple perspectives leads to better forums. More thoughts are shared which is such good free knowledge. I will admit I read rich dad poor dad, was about ready to sign up for a coaching program that guaranteed me a section 8 house and was about ready to dive in until I began reading these forums. Now I made a modest passive investment really intended to give me a look under the hood of another investors operations and I am now saving up for another year to buy an investment property I hope to own for a very long time.

@Joe S. I wouldn't put @Mark Cruse and @Lucas Thomas in the same conversation of managing class d properties. Mark self managed so that he could provide a higher quality living experience for his tenants and from all accounts seemed to offer living conditions that were better than most in the class D world and treated his tenants with respect. Lucas on the other hand seeks out meth dens in war zones (his words) and treats the properties as just that. Claims to not have expenses like snow removal yet acknowledges he hires an outside PM company for his NE properties because weather shifts are too much for him to follow remotely. Makes it sound like paint is a cure-all for all repairs and somehow manages to sub meter common areas in his multi unit buildings. Claims he can only landlord his way in certain parts of the country.  Apparently this makes him a landlord’s landlord whatever that means? Nothing but a slum lord. Surprised you are willing to put him up on a pedestal. From your posts you seem like the type who wants to operate their business the right way.

Came across this on social media. Seems odd to promote a coaching service that will help acquire such a wide range of units (15 up to 450!).   What is this $300M proven system that's only been able to return $3M to investors.  Do these success story students actually own that many units or are they partners with limited ownership? How does their track record help? Lots of questions 

How am I confusing anything here? This was posted on your companies social media account. If you post it as an advertisement intended on attracting paying students, you should be able to explain it......so sell the program.

Is this the same Ashley Wilson? 

Is your coaching system the same cost for the 15 unit vs. 450 unit acquisition?  Seems like quite a range.

Since you own 1450 units its safe to assume its a portfolio well north of $100M. However it seems its a $300M business based on your post. $3M in distributions seems quite low for such a large portfolio. Curious to here more. 

Also, is it true your students can use your track record. What does this allow?

Where can I find the public records for recorded loans?

What neighborhood is this triplex in and di you find the property on MLS or off market? Congrats on the contract! I am looking for some 3 families right now, but slim pickings out there.

@Alan Asriants Where in Philadelphia is this and what type of rents are you collecting for this unit?

@Michael Calvey You are missing the point. Everyone has the right to write about their experience but I would be more inclined to pay attention to the review of someone who has been playing video games for years than the person in your example who purchased their first Xbox with no past experience. Same goes for the investors who are singing RTR's praises. You talk about consistent performance but you are going off of the word of inexperienced investors who don't have a clue about what they are doing. 

@Michael Calvey It would be one thing to have seasoned real estate operators singing their praises but these are new investors. If you take a newborn who has been feeding on formula and give them puree veggies they will think this is the best thing in the universe but that's because they don't know any better. It's no different with the inexperienced investor who doesn't know what a good deal is. I mean one of these posters was told their "turnkey" property had dangerous sidewalk conditions questioning how "turnkey" the property was and their response was the tenant's don't care about the sidewalks. Is this really the person with qualifications to provide a review?