Hi - We're looking for your opinions to those of you who have used Partner Driven LLC. Their pitch is great, but I'm wondering if anyone can attest to the 50/50 split, did you feel the net profit was fair, were there any additional or increased fees tacked on at the end to take away from the net profit... and if you feel that the value you get from them is worth the investment?
I did. I ignorantly signed up for their "program". But, I'm guessing not many of their active member Partners will be as forthcoming, out of fear of being sued for breach of contract:
"Non-Disparagement
As a condition of your accessing the Services, for a period of (5) years from the effective date of this Agreement, you agree not to disparage the Company, its officers, directors and employees, or any of their products, services, or capabilities or otherwise solicit, induce or encourage any person or entity to limit, reduce or otherwise decide not to use any of the products or services offered by the Company."
So, here's the truth you dont find out about until AFTER you pay their "non-refundable" fee, which they cleverly term as "tuition".
"We have a strict no refund policy. Any payments previously received by us are non-refundable, because tuition is considered earned by us when paid."
1. You're not actually partnering with Partner Driven on real estate deals.
"I understand that Partner Driven provides the tools, knowledge and support listed above, but does not guarantee we will do real estate deals together.
I understand that not all deals submitted into Partner Driven will meet our qualifications to be funded and purchased by BHAU LLC, a separate affiliate company, which retains sole discretion regarding any funding decision."
2. Partner Driven operates as a real estate wholesaler for BHAU LLC.
"Deal Underwriting and Contract Preparation. Once you find a deal you like, you bring it to us for underwriting and further evaluation by an affiliate company, BHAU LLC. We prepare all of the contracts and paperwork for you to pursue the deal on your own and with the help of our acquisition team and your own personal coach."
3. Partner Driven utilizes the classic "Bait and Switch" technique:
"Closing and 100% Funding for ONE Qualified Deal. Once you have the property under contract, BHAU LLC will perform further analysis and diligence and determine whether the deal makes sense to them and is "qualified." Once the deal is qualified, BHAU LLC will provide 100% of the funding necessary to close the deal. BHAU LLC reserves the right, in its sole discretion, to determine whether the deal is qualified or not. Not all deals will receive qualification. AFTER YOU HAVE COMPLETED YOUR FIRST DEAL*. YOU WILL HAVE TO PAY ANOTHER FEE TO CONTINUE TO SEARCH FOR AND PRESENT ADDITIONAL DEALS. ONE OF WHICH MAY OR MAY NOT BE QUALIFIED FOR FUNDING BY BHAU LLC, IN BHAU LLC'S SOLE DISCRETION."
(FYI: the asterisk used there does not refer back to any footnote or explanation for its use.)
4. You're never provided with a standardized list of the criteria that BHAU LLC requires you to meet, in order to "qualify" your deal for funding.
These are just a few of the red flags that, if Id been informed of from the beginning, I would have never sent them any money.
I'll update with more details as the case progresses
I only heard about Partner Driven last year and so far so good 馃憤馃徏 As a licensed REALTOR and loan officer, I knew the traditional buyer pool was going to shrink due to the looming interest rate hikes. I had to pivot to a more creative, non-traditional way to structure deals to keep my business going. Partner Driven has been a blessing thus far! 馃槆
I have joined PD long ago and it was a great decision! They deliver what they offer. Peter and Julie genuinely striving for your success. You need to be coach able, listen and implement what is provided.
You have to do the work and with PD you will work smarter!
The 50/50 profit split is legit.
You pay a partner fee to get started.
They pay for the houses, repairs, etc. and you split the profits 50/50.
Buy box is residential 1-4 units and
65% to 70% of ARV (house plus cost of repairs total)
I have joined PD long ago and it was a great decision! They deliver what they offer. Peter and Julie genuinely striving for your success. You need to be coach able, listen and implement what is provided.
You have to do the work and with PD you will work smarter!
How much did the program costs? It's been 5 mths have they funded a deal for you?
I have joined PD long ago and it was a great decision! They deliver what they offer. Peter and Julie genuinely striving for your success. You need to be coach able, listen and implement what is provided.
You have to do the work and with PD you will work smarter!
Paul, I would say it probably cost the same,
(I don't know what the current fee could be) It's better to ask yourself , "what is the value of knowledge" of course you can learn what you need on your own, ( how much will that cost?) What will the time frame be?
Yes, Pete and Julie have funded my deals, I also work with others, because I was able to learn and be held accountable by the best mentors available.
Can you be coached? Do you want to be coached? You need to be able to know what "holes" need plugged in your business.
The best value is the community... priceless!
So what's the cost? to join us or not to join... I am glad of the value and it continues with the value every day...
Paul, I would say it probably cost the same,
(I don't know what the current fee could be) It's better to ask yourself , "what is the value of knowledge" of course you can learn what you need on your own, ( how much will that cost?) What will the time frame be?
Yes, Pete and Julie have funded my deals, I also work with others, because I was able to learn and be held accountable by the best mentors available.
Can you be coached? Do you want to be coached? You need to be able to know what "holes" need plugged in your business.
The best value is the community... priceless!
So what's the cost? to join us or not to join... I am glad of the value and it continues with the value every day...
This guy sounds like a paid plant!
I have joined PD long ago and it was a great decision! They deliver what they offer. Peter and Julie genuinely striving for your success. You need to be coach able, listen and implement what is provided.
You have to do the work and with PD you will work smarter!
I did. I ignorantly signed up for their "program". But, I'm guessing not many of their active member Partners will be as forthcoming, out of fear of being sued for breach of contract:
"Non-Disparagement
As a condition of your accessing the Services, for a period of (5) years from the effective date of this Agreement, you agree not to disparage the Company, its officers, directors and employees, or any of their products, services, or capabilities or otherwise solicit, induce or encourage any person or entity to limit, reduce or otherwise decide not to use any of the products or services offered by the Company."
So, here's the truth you dont find out about until AFTER you pay their "non-refundable" fee, which they cleverly term as "tuition".
"We have a strict no refund policy. Any payments previously received by us are non-refundable, because tuition is considered earned by us when paid."
1. You're not actually partnering with Partner Driven on real estate deals.
"I understand that Partner Driven provides the tools, knowledge and support listed above, but does not guarantee we will do real estate deals together.
I understand that not all deals submitted into Partner Driven will meet our qualifications to be funded and purchased by BHAU LLC, a separate affiliate company, which retains sole discretion regarding any funding decision."
2. Partner Driven operates as a real estate wholesaler for BHAU LLC.
"Deal Underwriting and Contract Preparation. Once you find a deal you like, you bring it to us for underwriting and further evaluation by an affiliate company, BHAU LLC. We prepare all of the contracts and paperwork for you to pursue the deal on your own and with the help of our acquisition team and your own personal coach."
3. Partner Driven utilizes the classic "Bait and Switch" technique:
"Closing and 100% Funding for ONE Qualified Deal. Once you have the property under contract, BHAU LLC will perform further analysis and diligence and determine whether the deal makes sense to them and is "qualified." Once the deal is qualified, BHAU LLC will provide 100% of the funding necessary to close the deal. BHAU LLC reserves the right, in its sole discretion, to determine whether the deal is qualified or not. Not all deals will receive qualification. AFTER YOU HAVE COMPLETED YOUR FIRST DEAL*. YOU WILL HAVE TO PAY ANOTHER FEE TO CONTINUE TO SEARCH FOR AND PRESENT ADDITIONAL DEALS. ONE OF WHICH MAY OR MAY NOT BE QUALIFIED FOR FUNDING BY BHAU LLC, IN BHAU LLC'S SOLE DISCRETION."
(FYI: the asterisk used there does not refer back to any footnote or explanation for its use.)
4. You're never provided with a standardized list of the criteria that BHAU LLC requires you to meet, in order to "qualify" your deal for funding.
These are just a few of the red flags that, if Id been informed of from the beginning, I would have never sent them any money.
I'll update with more details as the case progresses
I am a partner of Lifetime Partner Driven. I can confirm that since June that I have closed 2 deals so far and legit got my 50% split. I have another closing this month and another one under contract and listed. Not every contract I submit winds up as a deal after the due diligence but as long as the numbers make sense and it's off market and direct to owner, it's a deal. You can't do it your way for it to work, you have to follow the Partner Driven path.