Has anyone worked with Tardus Wealth Strategies?
Rental Property Investor · Billerica, MA · Member since 2022 · 30 posts · 27 votes
Has anyone worked with Tardus Wealth Strategies?
Most Popular Reply
Member since 2022 · 8 posts · 34 votes
4yQuote from @Jorge Borges:
Hello BiggerPockets members. Love his community.
Have anyone of you hired Tardus for wealth coaching? They are the creators of the Income Snowball (i.e. Income Snowball, a system of investing in which a person can create self-sustaining passive income). I'm looking to find unbiased reviews of their service.
Thanks!
Hey Jorge,
I'm a Tardus client since April of 2022 and I'll BLUF this, bottom line up front, for you. Absolutely worth it. Their fee, 5k. I'm projected to get 18% of Cash on Cash return after my first year. I'm fully committed in getting to a finical freedom date in 10 years or less. Meaning I've redirected 90% of my current retirement saving into this new way of building assets.
Now for the why. My finical journey started in Nov of 2021 when I finished reading Rich Dad Poor Dad, by Robert Kiyosaki. That changed my whole mindset on how I looked at money and what I was doing. I am your typical white collar, white male, upper middle class who works in tech. I'm a saver, which Kiyosaki calls losers. That lead me to talking to a co-worker who introduced me to CFT, Cash flow tactics.
Now I spent $500 on CFT, and I walked away from that company because the message was we've all been lied to. I felt they lean on 'fear' marketing a bit to much. Main message is the accumulation method, ie 401k, is all a lie and doesn't work. It does work, many people have retired from this method, but it takes 40+ years and its main stream and, in my opinion, what I think is the easy path. But what I walked away from CFT was 2 things.
First CFT showed me that I can 'retire' by replacing my income in a passive manner. They are big Kiyosaki fans. They showed me the 'how' to do what Kiyosaki talked about. Where as Robert, only talked about they What. I didn't understand just from reading Rich Dad Poor Dad, on how to do what he talked about, CFT provided that education.
Secondly, I was introduced to the 'Vault' by CFT. A place to store your money where it can be safe, reduce risk, grow tax free, and be highly leverage. This Vault I come to find is also called, IBC, Infinity banking concept. Thus lead me down another rabbit whole.
I spent a couple months reading and learning about IBC, which requires a whole life insurance policy. If you want to learn more, I would recommend the following reading: The AND Asset, and Becoming your own Banking. The first is a great intro, persuasive book, and outlines why IBC is a good thing. Becoming your own banking, is written by the man who's credited in coming up with the Infinity Banking Concept, Nelson Nash. He dives deep into it but can be a bit dry. This gave me the understanding of how to use leverage or OPM, other peoples money. This gave me a tool to utilize, and dip into for down payments for rentals I was planning on buying. As suc in learning about this concept and understanding that I needed to replace my current income with Assets that can produce cash for me to replace my income, I become a BiggerPockets member to learn about how to buy Real Estate.
I was planning to buy my first property in April of this year, 2022. In my education I came across a company, Rent2Retirement a turn key company. This was in March of 2022, 1 month before my deadline goal of buying a property. As such they had a YouTube podcast/video with a women named Tanisha from Tardus. I liked what I heard: A way to start building passive income to replace your current w-2 income with this thing called a Income Snowball. So I checked them out.
What I really liked was I didn't need to be sold on the concept of why to do this. But how they did it was honestly something I tried 9 years ago, becoming a lender. Where you invest and get your amortization principle and interest payments back on a monthly basis. But there is a very big difference from what I did in 2013, from what Tardus has taught me and that I'm doing now.
In 2013 I invested in a company called Lending Tree, a peer2peer lending. Basically you invest 10k which buys you into about 300 different notes. Thus, decreasing your investment risk of a defaults because you're only putting in $25-50 per loan. But there are many other investment tools you can use. The key is Leverage and the amortization of payments coming back monthly, and/or quarterly at the latest.
For example, I'm leveraging lets say 12k from my HELOC (but once I get my IBC policy setup, I'll be using this) to put into a peer2peer lending, Prosper. This is giving me roughly $540 a month payment. This money is going back to pay back my HELOC loan. But I'm also putting in my own money to the HELOC, $2400 a month. So that's $2940 to pay back the 12k. That's going to take ~4 months. Once that is done we do it again. Giving a new monthly payment of $540 that goes back to paying off the HELOC which speeds up the process. It Snowballs on the repayments. And their 'system' the patent is the key on how/where to start and when to increase these amounts over time. Not only that, but it's this new way of thinking, they are retraining me on really how to do what I read by Kiyosaki. I just bought a car, so now how do I go about the best way utilizing these 'assets' I've bought/invested into to pay for this car? They have thought me how to go about this while continuing to snowball my way to finical freedom. And this includes buying real estate next year. After I get my base, what they call fast burning fuel (these peer2peer loans), started. Because then I'll be doing larger amounts which I can put towards down payments for homes.
Conclusion, Tardus truly gave me a way to not be overwhelmed with trying to buy 15+ rentals to get to finical freedom, but gave me a greater understanding how to put everything I was learning together. Now I'm building my initial passive income streams from an easier standpoint with amortization lending, understanding how to let my assets buy my liabilities, and how to grow into adding rentals later, or other type of investments. Because there isn't just one way, there are many ways, and they are helping me find what works for me. My only wish at times, and honestly in the first couple months, I wanted to meet more with my success coach because I'm a bit impatient. But now I think I've overcome some of my 'unknowns' and I'm getting into a groove. They have weekly group meetings you can attended but you'll have to ask general questions, nothing specific to your use case. They also have a ton of resources you have access to once you sign up.
Hope this helps you and others.
150 Replies
- Member since 2023 · 2 posts · 0 votes2y
Quote from @Anthony Ng:
I just started with them. Going through my first flip. It is an interest arbitrage in the beginning. I haven't had my next meeting yet, but I guess through enough arbitrages, it accelerates the time it takes to get a down payment on a rental.
My first post in the forums. 2 years since the post and enough time for a few flips? How has this worked for you so far ?
- Member since 2022 · 3 posts · 2 votes2y
Agree with the quote above- using the LOC makes things way easier. They explained it very well above
- Member since 2021 · 5 posts · 23 votes2y
Quote from @Sammy Kon:
Quote from @Anthony Ng:
I just started with them. Going through my first flip. It is an interest arbitrage in the beginning. I haven't had my next meeting yet, but I guess through enough arbitrages, it accelerates the time it takes to get a down payment on a rental.
My first post in the forums. 2 years since the post and enough time for a few flips? How has this worked for you so far ?
Hey there. Yes its been 2 years and it's been quite the ride. I'm no a spokesperson whatsoever with Tardus, but their income snowball ideology has been gold. By following their system of using leverage from a LOC (line of credit) to invest has helped me do the following:
1. Quit my W2 job last October of 2023
2. Produce a monthly passive income of $7K
3. New changed perspective on investments from the traditional sense with off market real estate opportunities and creative investments
Feel free to message me if you have any other questions.
- Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes2y
Using HELOCs or IBC to pay off debt (simple vs amortized debt) method is effective, yet investing in assets such as rental properties or syndications might be a more strategic use of available funds than debt repayment. What I see is more non accredited or lower net worth who are burdened by debt will be drawn to these types of strategies. However, for those with a net worth exceeding $1 million, it's often more advantageous to focus on wealth accumulation rather than debt elimination. Repaying debt is not necessarily aligned with achieving financial freedom - true FI is cashflow coming from many assets - hopefully this illustrates how paying off debt drains your liquidity for down payments of money to buy said assets.
- Member since 2024 · 2 posts · 0 votes2y
Quote from @Anthony Ng:
Quote from @Sammy Kon:
Quote from @Anthony Ng:
I just started with them. Going through my first flip. It is an interest arbitrage in the beginning. I haven't had my next meeting yet, but I guess through enough arbitrages, it accelerates the time it takes to get a down payment on a rental.
My first post in the forums. 2 years since the post and enough time for a few flips? How has this worked for you so far ?
Hey there. Yes its been 2 years and it's been quite the ride. I'm no a spokesperson whatsoever with Tardus, but their income snowball ideology has been gold. By following their system of using leverage from a LOC (line of credit) to invest has helped me do the following:
1. Quit my W2 job last October of 2023
2. Produce a monthly passive income of $7K
3. New changed perspective on investments from the traditional sense with off market real estate opportunities and creative investments
Feel free to message me if you have any other questions.
Hi Anthony, would you be able to let us know what some of the fast and slow burning fuels Tardus recommends? Not looking to implement it myself, just curious what they are.
- Rental Property Investor · New York, NY · Member since 2022 · 12 posts · 3 votes2y
Quote from @Anthony Ng:
I just started with them. Going through my first flip. It is an interest arbitrage in the beginning. I haven't had my next meeting yet, but I guess through enough arbitrages, it accelerates the time it takes to get a down payment on a rental.
@Anthony Ng would it be possible to get your feedback about Tardus and their short term fuel strategies? I had a consultation with them and would like to get some insights from people that have gone through the program
- Rental Property Investor · New York, NY · Member since 2022 · 12 posts · 3 votes2y
Quote from @Georgy Cherkassky:
You couldn’t have said it any better. I encourage everyone to check out the podcast Tanisha (CEO of Tardus ) did with rent to retirement, you can view it on the rent to retirement page.
@Georgy Cherkassky would love to pick your brain about Tardus since I had a consultation with them. I hope you don't mind that I DM you
- New to Real Estate · Granite Bay, CA · Member since 2023 · 1 post · 1 vote2y
I know this is my first post, but I am not a plant on behalf of Tardus. I came to BP to read about Tardus because I value the opinions and information I can glean from the BP forum.
I have been following the BP forums for quite a while and have read many if not most of the books. I haven't listened to the RTR podcast featuring Tardus yet but I just listened to the Ridge Lending Group podcast with Tanisha yesterday.
In the Income Snowball, Isn't the use of a LOC similar to David Greene's BRRR method analogy of the 'bucket of water', in that you keep reusing it? Also, similar to BRRR, isn't the beauty the velocity of that money? Some people might be focusing too much on the arbitrage numbers vs. the velocity factor?
- Member since 2022 · 39 posts · 29 votes2y
Quote from @Jay Hinrichs:
Quote from @Alexander Greene:
Quote from @Jay Hinrichs:
I dont have a heloc personally but just curious are they all fixed rate / or are some of them variable when rates rise the interest rate rises or when rates fall the interest rates fall.Quote from @Alexander Greene:
Quote from @Chris Seveney:
OK. So let me understand this:
1. You take $10k out of a LOC and invest it and get 19% interest ($300/mo for 4 years). Not sure where you are getting 19% interest. 10% interest is $253/mo which I would think be more in line. I will use that number as a reference:
2. Your LOC at 4% over 10 year am. period is $101/mo payment.
3. You pay $2,000 a month back + payment so in your case $2300
4. So after 5 months you:
a. taken a LOC of $10k but repaid it with $8k of cash and $2k of the invested money.
SO AT THAT STAGE:
You are $8,000 out of pocket - Correct?
You are getting lets say the $253/month for 36 months though....
Welp - thats only $8,855 which gets you an $855 return over the 3 years.
If you put $8,000 in a T-bill at 4% during that time you would have $8,960...
What am I missing? Getting P&I payments (and paying ordinary income on it), will NEVER yield a better return than interest only.
Sidenote: I am a note investor and play in this space as my full time job, so I am not some crackhead.
Thank you Chris for taking the time to elaborate on your observations. I think your thought process makes a lot of sense, especially when it comes to how much more you could yield with interest only vs short-term P&I payments. If I may, I'd like to build a bit more on @Clint Vanderlinden's point on layering
Using the same assumptions:
- $10k LOC at 10% over 4 years (~$253 / month)
- $2k / month contribution
Scenario 1: Only one short-term investment
You break this down very well, and I'll only add that we are using 4 years and not 3 years. It would take $10k / ($2k + $253) = 4.44 months to pay off the LOC. If we wanted to round up to 5 months you would really need $10k - $253*5 = $8,735 out of pocket.
If we stopped right there and decided to cash out until maturity we'd be looking at 43 additional payments of $253 / month since we already used 5. That would mean a return of $253*43 - $8735 = $2144, which translates to a yield of 12.49% over that period (plugged those numbers into 10bii) or a CoC of $2,144 / $253*43 = 20% +/- a few basis points to account for cost of capital.
By using this system we got about a 2%-3% improvement from the original 10%. What happens if we decide to reinvest?
Scenario 2: Two short-term investments:
Let's start another short-term investment with the same terms, except this time we get $2k + $253 + $253 = $2,506 / month to go to town. That means we can pay off the LOC in $10k / $2506 = 4 months. Out-of-pocket is $10k - 4*$506 = $7,976.
If we stop here and collect to maturity we have 43 - 4 = 39 payments left on the 1st investment and 48 - 4 = 44 payments left on this new investment. That translates to a return of $253*(39 + 44) - ($8,735 + $7,976) = $4,288. On JUST the 2nd investment, 10bii computes a 19% yield when N=44, PV=7976, and PMT=253. Overall CoC would be 4288 / ($8,735 + $7,976) = 26% +/- a few basis points account for cost of capital.
By adding just one more investment we see a 6% increase in total CoC with only a 4 month additional lead time to full collection (negligible impact from time-value of money) and a ~6.5% increase in yield for the subsequent investment.
Final Thoughts
Following the math suggests that doing more short-term investments makes the performance metrics exponentially better over time, and on their own their own they are still akin to modest although not Earth shattering returns.
I add these details from the context of being a Tardus client for the past year. I welcome and encourage anyone on the forum to chime in if I may have misrepresented anything, but this has been my mental model after spending countless hours running through different scenarios.
Im assuming youre asking about the line of credit? If so thatd be entirely product dependent. Dont have to use a heloc per se. That just happens to be a convenient example.
just curious when you lock into a longer term return and banking on a certain cost of capital if your rates rise thats a bummer. this is whats happening to many who have guidance lines from banks or construction loans all of those are tied to prime.Hi Jay, I personally use my Bank on Yourself-type policy as a LOC since it offers a much lower interest rate than HELOCs (mine is currently 5%) and it cannot fluctuate as quickly as a HELOC. Typically these policies are also capped at a max interest rate around 8%. I love this policy so much as a part of my overall financial portfolio that I became a Bank on Yourself professional. I'd be happy to discuss whether or not this would be right for you if you're interested in a lower-interest option vs. a HELOC.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Stephanie N.:
Quote from @Jay Hinrichs:
Quote from @Alexander Greene:
Quote from @Jay Hinrichs:
I dont have a heloc personally but just curious are they all fixed rate / or are some of them variable when rates rise the interest rate rises or when rates fall the interest rates fall.Quote from @Alexander Greene:
Quote from @Chris Seveney:
OK. So let me understand this:
1. You take $10k out of a LOC and invest it and get 19% interest ($300/mo for 4 years). Not sure where you are getting 19% interest. 10% interest is $253/mo which I would think be more in line. I will use that number as a reference:
2. Your LOC at 4% over 10 year am. period is $101/mo payment.
3. You pay $2,000 a month back + payment so in your case $2300
4. So after 5 months you:
a. taken a LOC of $10k but repaid it with $8k of cash and $2k of the invested money.
SO AT THAT STAGE:
You are $8,000 out of pocket - Correct?
You are getting lets say the $253/month for 36 months though....
Welp - thats only $8,855 which gets you an $855 return over the 3 years.
If you put $8,000 in a T-bill at 4% during that time you would have $8,960...
What am I missing? Getting P&I payments (and paying ordinary income on it), will NEVER yield a better return than interest only.
Sidenote: I am a note investor and play in this space as my full time job, so I am not some crackhead.
Thank you Chris for taking the time to elaborate on your observations. I think your thought process makes a lot of sense, especially when it comes to how much more you could yield with interest only vs short-term P&I payments. If I may, I'd like to build a bit more on @Clint Vanderlinden's point on layering
Using the same assumptions:
- $10k LOC at 10% over 4 years (~$253 / month)
- $2k / month contribution
Scenario 1: Only one short-term investment
You break this down very well, and I'll only add that we are using 4 years and not 3 years. It would take $10k / ($2k + $253) = 4.44 months to pay off the LOC. If we wanted to round up to 5 months you would really need $10k - $253*5 = $8,735 out of pocket.
If we stopped right there and decided to cash out until maturity we'd be looking at 43 additional payments of $253 / month since we already used 5. That would mean a return of $253*43 - $8735 = $2144, which translates to a yield of 12.49% over that period (plugged those numbers into 10bii) or a CoC of $2,144 / $253*43 = 20% +/- a few basis points to account for cost of capital.
By using this system we got about a 2%-3% improvement from the original 10%. What happens if we decide to reinvest?
Scenario 2: Two short-term investments:
Let's start another short-term investment with the same terms, except this time we get $2k + $253 + $253 = $2,506 / month to go to town. That means we can pay off the LOC in $10k / $2506 = 4 months. Out-of-pocket is $10k - 4*$506 = $7,976.
If we stop here and collect to maturity we have 43 - 4 = 39 payments left on the 1st investment and 48 - 4 = 44 payments left on this new investment. That translates to a return of $253*(39 + 44) - ($8,735 + $7,976) = $4,288. On JUST the 2nd investment, 10bii computes a 19% yield when N=44, PV=7976, and PMT=253. Overall CoC would be 4288 / ($8,735 + $7,976) = 26% +/- a few basis points account for cost of capital.
By adding just one more investment we see a 6% increase in total CoC with only a 4 month additional lead time to full collection (negligible impact from time-value of money) and a ~6.5% increase in yield for the subsequent investment.
Final Thoughts
Following the math suggests that doing more short-term investments makes the performance metrics exponentially better over time, and on their own their own they are still akin to modest although not Earth shattering returns.
I add these details from the context of being a Tardus client for the past year. I welcome and encourage anyone on the forum to chime in if I may have misrepresented anything, but this has been my mental model after spending countless hours running through different scenarios.
Im assuming youre asking about the line of credit? If so thatd be entirely product dependent. Dont have to use a heloc per se. That just happens to be a convenient example.
just curious when you lock into a longer term return and banking on a certain cost of capital if your rates rise thats a bummer. this is whats happening to many who have guidance lines from banks or construction loans all of those are tied to prime.Hi Jay, I personally use my Bank on Yourself-type policy as a LOC since it offers a much lower interest rate than HELOCs (mine is currently 5%) and it cannot fluctuate as quickly as a HELOC. Typically these policies are also capped at a max interest rate around 8%. I love this policy so much as a part of my overall financial portfolio that I became a Bank on Yourself professional. I'd be happy to discuss whether or not this would be right for you if you're interested in a lower-interest option vs. a HELOC.
I dont personally have a heloc all my real estate is paid for and I have no intention of mortgaging any of it. my loans are in the 5 to 15 million range so not sure how your program would be benefical to me. these are construction loans - Rental Property Investor · Los Angeles · Member since 2018 · 844 posts · 1k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Stephanie N.:
Quote from @Jay Hinrichs:
Quote from @Alexander Greene:
Quote from @Jay Hinrichs:
I dont have a heloc personally but just curious are they all fixed rate / or are some of them variable when rates rise the interest rate rises or when rates fall the interest rates fall.Quote from @Alexander Greene:
Quote from @Chris Seveney:
OK. So let me understand this:
1. You take $10k out of a LOC and invest it and get 19% interest ($300/mo for 4 years). Not sure where you are getting 19% interest. 10% interest is $253/mo which I would think be more in line. I will use that number as a reference:
2. Your LOC at 4% over 10 year am. period is $101/mo payment.
3. You pay $2,000 a month back + payment so in your case $2300
4. So after 5 months you:
a. taken a LOC of $10k but repaid it with $8k of cash and $2k of the invested money.
SO AT THAT STAGE:
You are $8,000 out of pocket - Correct?
You are getting lets say the $253/month for 36 months though....
Welp - thats only $8,855 which gets you an $855 return over the 3 years.
If you put $8,000 in a T-bill at 4% during that time you would have $8,960...
What am I missing? Getting P&I payments (and paying ordinary income on it), will NEVER yield a better return than interest only.
Sidenote: I am a note investor and play in this space as my full time job, so I am not some crackhead.
Thank you Chris for taking the time to elaborate on your observations. I think your thought process makes a lot of sense, especially when it comes to how much more you could yield with interest only vs short-term P&I payments. If I may, I'd like to build a bit more on @Clint Vanderlinden's point on layering
Using the same assumptions:
- $10k LOC at 10% over 4 years (~$253 / month)
- $2k / month contribution
Scenario 1: Only one short-term investment
You break this down very well, and I'll only add that we are using 4 years and not 3 years. It would take $10k / ($2k + $253) = 4.44 months to pay off the LOC. If we wanted to round up to 5 months you would really need $10k - $253*5 = $8,735 out of pocket.
If we stopped right there and decided to cash out until maturity we'd be looking at 43 additional payments of $253 / month since we already used 5. That would mean a return of $253*43 - $8735 = $2144, which translates to a yield of 12.49% over that period (plugged those numbers into 10bii) or a CoC of $2,144 / $253*43 = 20% +/- a few basis points to account for cost of capital.
By using this system we got about a 2%-3% improvement from the original 10%. What happens if we decide to reinvest?
Scenario 2: Two short-term investments:
Let's start another short-term investment with the same terms, except this time we get $2k + $253 + $253 = $2,506 / month to go to town. That means we can pay off the LOC in $10k / $2506 = 4 months. Out-of-pocket is $10k - 4*$506 = $7,976.
If we stop here and collect to maturity we have 43 - 4 = 39 payments left on the 1st investment and 48 - 4 = 44 payments left on this new investment. That translates to a return of $253*(39 + 44) - ($8,735 + $7,976) = $4,288. On JUST the 2nd investment, 10bii computes a 19% yield when N=44, PV=7976, and PMT=253. Overall CoC would be 4288 / ($8,735 + $7,976) = 26% +/- a few basis points account for cost of capital.
By adding just one more investment we see a 6% increase in total CoC with only a 4 month additional lead time to full collection (negligible impact from time-value of money) and a ~6.5% increase in yield for the subsequent investment.
Final Thoughts
Following the math suggests that doing more short-term investments makes the performance metrics exponentially better over time, and on their own their own they are still akin to modest although not Earth shattering returns.
I add these details from the context of being a Tardus client for the past year. I welcome and encourage anyone on the forum to chime in if I may have misrepresented anything, but this has been my mental model after spending countless hours running through different scenarios.
Im assuming youre asking about the line of credit? If so thatd be entirely product dependent. Dont have to use a heloc per se. That just happens to be a convenient example.
just curious when you lock into a longer term return and banking on a certain cost of capital if your rates rise thats a bummer. this is whats happening to many who have guidance lines from banks or construction loans all of those are tied to prime.Hi Jay, I personally use my Bank on Yourself-type policy as a LOC since it offers a much lower interest rate than HELOCs (mine is currently 5%) and it cannot fluctuate as quickly as a HELOC. Typically these policies are also capped at a max interest rate around 8%. I love this policy so much as a part of my overall financial portfolio that I became a Bank on Yourself professional. I'd be happy to discuss whether or not this would be right for you if you're interested in a lower-interest option vs. a HELOC.
I dont personally have a heloc all my real estate is paid for and I have no intention of mortgaging any of it. my loans are in the 5 to 15 million range so not sure how your program would be benefical to me. these are construction loansLoL, talk about spamming the wrong person.
- Member since 2021 · 61 posts · 75 votes2y
Anyone with Tardus on this thread invest with Norada? I know Norada investments were heavily recommended by the Tardus coaches.
If so, you might want to read this:
https://www.biggerpockets.com/forums/960/topics/1196567-nora...
https://www.biggerpockets.com/forums/70/topics/1198271-bewar...
https://www.biggerpockets.com/forums/960/topics/913717-inves...
- Investor · FL · Member since 2021 · 18 posts · 40 votes2y
Quote from @Jon P.:
Anyone with Tardus on this thread invest with Norada? I know Norada investments were heavily recommended by the Tardus coaches.
If so, you might want to read this:
https://www.biggerpockets.com/forums/960/topics/1196567-nora...
https://www.biggerpockets.com/forums/70/topics/1198271-bewar...
https://www.biggerpockets.com/forums/960/topics/913717-inves...
Tardus is a financial education company that does NOT recommend specific investments. Neither Tardus nor our coaches accept commissions from vendors. We teach an “investment product agnostic” strategy, focusing on educating investors on performing due diligence, establishing their own risk tolerance, and choosing their own investments. Understanding the risks associated with any investment, being prepared for the worst possible outcome, and having a plan for when an investment doesn't perform as expected is essential. Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Lindsie Akers:
Quote from @Jon P.:
Anyone with Tardus on this thread invest with Norada? I know Norada investments were heavily recommended by the Tardus coaches.
If so, you might want to read this:
https://www.biggerpockets.com/forums/960/topics/1196567-nora...
https://www.biggerpockets.com/forums/70/topics/1198271-bewar...
https://www.biggerpockets.com/forums/960/topics/913717-inves...
Tardus is a financial education company that does NOT recommend specific investments. Neither Tardus nor our coaches accept commissions from vendors. We teach an “investment product agnostic” strategy, focusing on educating investors on performing due diligence, establishing their own risk tolerance, and choosing their own investments. Understanding the risks associated with any investment, being prepared for the worst possible outcome, and having a plan for when an investment doesn't perform as expected is essential. Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags.
Did Tardus then describe the risk these investors were taking with Norada unsecured NOTES ? If its your mission to describe the risk and worst possible outcomes.. seems like no one took your advice.. and I will tell you there are many who said Tardus was the nexus to these notes.. So will be interesting to see if Tardus gets named in any of this stuff if the lawsuits start to fly. - 2yDon KonipolBusiness MemberInvestor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
Quote from @Jay Hinrichs:
Quote from @Lindsie Akers:
Quote from @Jon P.:
Anyone with Tardus on this thread invest with Norada? I know Norada investments were heavily recommended by the Tardus coaches.
If so, you might want to read this:
https://www.biggerpockets.com/forums/960/topics/1196567-nora...
https://www.biggerpockets.com/forums/70/topics/1198271-bewar...
https://www.biggerpockets.com/forums/960/topics/913717-inves...
Tardus is a financial education company that does NOT recommend specific investments. Neither Tardus nor our coaches accept commissions from vendors. We teach an “investment product agnostic” strategy, focusing on educating investors on performing due diligence, establishing their own risk tolerance, and choosing their own investments. Understanding the risks associated with any investment, being prepared for the worst possible outcome, and having a plan for when an investment doesn't perform as expected is essential. Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags.
Did Tardus then describe the risk these investors were taking with Norada unsecured NOTES ? If its your mission to describe the risk and worst possible outcomes.. seems like no one took your advice.. and I will tell you there are many who said Tardus was the nexus to these notes.. So will be interesting to see if Tardus gets named in any of this stuff if the lawsuits start to fly.Jay, I don't think Tardus ever did recommend specific investments, in fact the same Tardus poster made this same comment in a post 2 years ago, so I gotta believe them.
My analysis or critique of Tardus is not that they're recommending lousy investments or getting paid to, I don't believe they are, unlike a lot of others. However, the amazing SNOWBALL strategy they sell goes something like this. Borrow $90,000 HELOC. Then invest that $90K plus $10K of your savings in something like Peer to Peer lending yielding say 10%. Make sure you receive PRINCIPAL plus interest each month (loan amortization) so that you will receive $3226.72 each month for 36 months. thats $116,161.92 total. Now, use your job income to pay off the HELOC over three years ($90K plus interest). So, you invested $10K, and now you've collected $116,161.92, a "profit" of $106,161.92! See, that's the SNOWBALL. Just ignore the $90K you invested to pay off the HELOC because, I guess, well, you didn't have it, you just spent it on loan payments rather than something else.
I don't know about you, but I'm BLOWN AWAY. And what's really crazy are the number of people vigorously defending this nonsense, clueless as to even the basics of finance, mathematics, or even simple arithmetic.
- Member since 2022 · 8 posts · 34 votes1y
If you are in one of those states, they have a broker firm they've partnered with that mimics amortization payments. They manage specific funds on your behalf, and based on the time horizon, 3-5 years, they will deposit a payment back into your account on the 1st of each month, thus creating a monthly income payment.
- 1yDon KonipolBusiness MemberInvestor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
Is the educational system in this country so BAD that so many people believe if you’ve deposited $100k with an institution and they “sent you” $1,000 monthly for 100 months you’ve created and income of $1,000 monthly for yourself?
- 1yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Don Konipol:
Is the educational system in this country so BAD that so many people believe if you’ve deposited $100k with an institution and they “sent you” $1,000 monthly for 100 months you’ve created and income of $1,000 monthly for yourself?
LOL - Member since 2025 · 2 posts · 0 votes1y
@Peter Fife How are the investment strategies working for you now: Infinity Banking, Tardus, Peer to Peer lending, etc.?
- Member since 2025 · 2 posts · 0 votes1y
@Anthony Ng What are some things you did to quit your W2? Did you have to make investments? Were there strategies you did?
- Investor · Member since 2023 · 3 posts · 2 votes1y
This is the text of a TrustPilot review I wrote about Tardus, summarizing my experience.
FraudThey review the contract during the sales call, then ask you to sign a contract that includes additional clauses waiving your rights. Specifically, they include a waiver of the refund policy, even though that was a major selling point, and they did not mention this additional clause.
They eventually agreed to issue a refund, but would only do so if I signed a Non-Disclosure Agreement. They insist this has been a standard part of their refund policy for over 20 years. If this is true, that explains why they don’t have more negative reviews. This would also be fraudulent as the contract and their advertising about their refund policy never mention this requirement.
ServiceDuring my year of coaching, I had 5 different coaches. At no point did any of them give me instructions for how to do my first flip. Even when I asked for them. All the coaches were at best ignorant, several were downright hostile.
Email and other communication consistently went unanswered, or the response was just that they were not going to answer the question. Meetings with the coaches showed they understood very little. One didn’t know there was a difference between Whole Life Insurance and Indexed Universal Life Insurance. Two others made mathematically false claims which they doubled down on when challenged. They also did not know which vendors were in their recommended vendor network, or that they even had vendors for certain services.
ProductTheir core product is the flips. They claim to have other benefits, but after interacting with 6 different coaches, I am confident they don’t do anything else.
They sell the flips on a lot of false claims. It is possible to borrow at a higher rate of interest than you are investing in and still make a profit, but there still needs to be a certain relationship between those interest rates.
The logic is that you are paying the loan down faster, so it is a higher rate on a lower average balance. So, the total interest paid over the term of the loan is less than the total interest earned during that time because the lower interest rate is on a higher average balance. This does work if the difference in interest rates is not too large.
Their advertising makes it sound like the difference in interest rates doesn’t matter at all, and twice people from the company claimed it would even work if you didn’t earn any interest at all. This is false. You can prove this out with basic skills in any spreadsheet program. Same with their patented calculator, it is nothing you could not simulate in Excel.
In some situations, the flips could be a good tool, but you can open a Prosper or Groundfloor account and do this on your own without their “help”. I have also found that you can do the same strategy by getting a car loan to buy a Turo rental and placing it with a cohost, and the returns are higher.
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