Lifestyles Unlimited by Del Walmsley
Rental Property Investor · Baytown, TX · Member since 2008 · 94 posts · 21 votes
Lifestyles Unlimited by Del Walmsley
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Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votesAlthough I was never a member of Lifestyles, a few years ago I taught some classes for them as a guest lecturer and attended some others. I also got to know some of the members as well as Del and others working for him. I do not think Lifestyles is in the same category as many of the other guru and mentoring programs, in that Lifestyles provides a hands on approach with very specific guidance and an emphasis on the actual purchase of residential properties. Their emphasis seems to be on realistic approaches to real estate investing, unlike many of the easy money (and useless) methods taught by the "gurus".
On the down side I have found that Lifestyles "over promises". Hence they are able to lead an inexperienced real estate investor to believe that obtaining "the lifestyle" i.e. passive cash flow is much easier than it really is. A number of the members I am personally aquainted with have purchased a large number of multi family units, however, for the most part these have been management intensive apartment projects that do not lend themselves well to absentee ownership. I know quite a few ex members who said that they were able to obtain positive cash flow from their investments, but that the passive part was a myth, that they were spending lots of time putting out fires at their properties. The truth of the matter is that Lifestyles bread and butter are C and D apartments, in these absentee management usually means profits are absent also. Further, Lifestyles tag line is that they can teach anyone enough so that anyone can be successful as an investor in real estate. My experience in the business (30 + years), has shown me that this is absolutely incorrect. Just like not everyone can be a successful surgeon, airline pilot, or major league baseball player, not everyone can be a successful investor. Better to find out if you have the capacity for success in real estate before you invest your money, find out if any of the ingedients you might be missing are obtainable and then figure out if they can cost effectively be obtained.
Jody, Lifestyles may very well work for you in your ambition for real estate investment success. Lifestyles is certainly a much better choice than most of the other so called guru or mentorship programs. However, I think you are currently suffering from myopic vision, seeing only the positive and not the negative. I'm afraid the tone of your posts are similiar to those of new multi level (network) marketing recruits, i.e. Amway, or whatever their name is this month. It sounds like an almost religious feverence, Del is a deity whose only purpose is to help people, the mentors at lifestyle do it to give back, not the money, etc. The truth is Lifestyles is a business like any other business, despite what they may claim or it's membership wants to believe, they perform their service for the same reason we all work , THE MONEY.
155 Replies
- Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes17y
Charles, aren't the "players" at LU doing multi-family and using forced appreciation to make their money? Buying class D's and turning them into C's? And C's into B's? And aren't they paying less than $30K per door for most of what they buy?
Is Del really buying SFR's for $75K? I kind of doubt it.
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by Jon Klaus:
Charles, aren't the "players" at LU doing multi-family and using forced appreciation to make their money? Buying class D's and turning them into C's? And C's into B's? And aren't they paying less than $30K per door for most of what they buy?
Is Del really buying SFR's for $75K? I kind of doubt it.
The "players" as you call them, at lifestyles are doing multi-family, yes. There are also "players" that are doing SFH. Dell is not, that I am aware of, buying $75K SFHs. He is buying $25M apartment complexes. I am not in a financial position to play in that game, yet. Someday I will be, and then I will be. - Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by Jon Klaus:
"2.5% of price, financed amount, price + rehab, Total cost, or cash-out-of-pocket?"
Total cost, with repairs or rehab included.
Wow!. You are really finding $1000/month rentals for $40K all in rehab included? I wish those kinds of deal were available around here. Nothing even sells that low, and when they are in the $40K range they need $10K - $20K or more in rehab. - Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by Charles Stuller:
Originally posted by Jon Klaus:
"2.5% of price, financed amount, price + rehab, Total cost, or cash-out-of-pocket?"
Total cost, with repairs or rehab included.
Wow!. You are really finding $1000/month rentals for $40K all in rehab included? I wish those kinds of deal were available around here. Nothing even sells that low, and when they are in the $40K range they need $10K - $20K or more in rehab.
I just looked, and in the North part of Houston there are currently two listed for sale at $40k or less. They are both high 30's and bath will need about $20k in rehab. And both comp at $900 rent, not $1000. Ok, there is a third listed at $33K, but it is just a frame that was left over by a bankrupt builder. I think it needs some work. - Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
I'm still trying to figure out how you could have spent a bunch of money on your training and not understand even the most basic parts of this business? Care to comment? What exactly are they teaching you?
Mike
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
I think that market does not exist in Houston. The one property I can find in North Houston that rents for $750 is in a neighborhood with nothing for sale less than $109K.
What style of homes are these? I am looking at 3/2/2. Should I be looking for something smaller? Are you having luck with a different model?
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by MikeOH:
Probably the most valuable thing I've gotten as a member at LU is the association with people who are doing this and making successful. Nothing can compare to surrounding yourself with people who are successful in doing what you want to do.
The most valuable thing to me as a Preferred Investor at LU has been access to their agents.
I'm still trying to figure out how you could have spent a bunch of money on your training and not understand even the most basic parts of this business? Care to comment? What exactly are they teaching you?
Mike
Can you be a little more specific? What are the "most basic parts of this business" that I supposedly do not understand? - Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes17y
"What style of homes are these? I am looking at 3/2/2. Should I be looking for something smaller? Are you having luck with a different model?"
Call or email me and I'll tell you some specifics.
BTW, I'm really just getting started professionally. There are many here who are way ahead of me. Including some of the ones in this thread who have shared their experience with you. For free.
- Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
Operating expenses and cash flow. I would think that any legitimate education program would cover that!
Mike - Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes17y
Originally posted by Charles Stuller:
Originally posted by MikeOH:
Probably the most valuable thing I've gotten as a member at LU is the association with people who are doing this and making successful. Nothing can compare to surrounding yourself with people who are successful in doing what you want to do.
The most valuable thing to me as a Preferred Investor at LU has been access to their agents.
I'm still trying to figure out how you could have spent a bunch of money on your training and not understand even the most basic parts of this business? Care to comment? What exactly are they teaching you?
Mike
Can you be a little more specific? What are the "most basic parts of this business" that I supposedly do not understand?
Expenses.Are you buying these deals from or through LU members? From your response to my earlier post, you seem to have been given a series of responses to why your expenses will be less than normal. And you're being told "these are the best deals you can find here". Sadly that's a very common approach in this business. Someones making money here...
Finding good deals is hard. Lots of time and work. From what I hear, you should be able to find great deals in Houston.
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by MikeOH:
Operating expenses and cash flow. I would think that any legitimate education program would cover that!
Mike
And you would be right. Operating expenses and cash flows were covered in the training. Just because what they taught and what I have experienced is not what you think to be true or what you have experienced doesn't mean the topics weren't covered.I know I am new at this. I have only had one rent house for 7 years. In that time my total expenses have been about $4500. That's about 3%. My friends and colleagues in Houston who have rental houses here in Houston have had similar experiences. Much of what is taught at LU is how to keep expenses low.
I think if you read my earlier posts you will see talk of both cash flow and operating expenses. I'm not sure why you would think these things had not been taught.
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by Jon Holdman:
Originally posted by Charles Stuller:
Originally posted by MikeOH:
Originally posted by Charles Stuller:
Probably the most valuable thing I've gotten as a member at LU is the association with people who are doing this and making successful. Nothing can compare to surrounding yourself with people who are successful in doing what you want to do.
The most valuable thing to me as a Preferred Investor at LU has been access to their agents.
I'm still trying to figure out how you could have spent a bunch of money on your training and not understand even the most basic parts of this business? Care to comment? What exactly are they teaching you?
Mike
Can you be a little more specific? What are the "most basic parts of this business" that I supposedly do not understand?
Expenses.
Are you buying these deals from or through LU members? From your response to my earlier post, you seem to have been given a series of responses to why your expenses will be less than normal. And you're being told "these are the best deals you can find here". Sadly that's a very common approach in this business. Someones making money here...
Finding good deals is hard. Lots of time and work. From what I hear, you should be able to find great deals in Houston.
I have not "been given a series of responses." This is what I have been taught, or what I learned in their training. Much of this I have seen work over the last 7 years in a different market, some is new that I have heard works here in Houston. We will see.
No, these deals are not with or through LU members. These are deals that are available to the general public and advertised on publicly available websites. No one has told me "these are the best deals you can find here." These are the best deals I have found here. This is my experience. If someone has a better way, do tell.
This thread started with someone wanting to know what kind of numbers people are seeing with deals done by LU members. Well, I am now a LU member and this is the deal I am doing. $25K equity capture and $500/mo cash flow with a 30% COCR.
If my expenses turn out to be more than I have projected it will be slightly less. My experience, my training, my education, my colleagues experiences, and my mentor's experiences all show that my expense calculations are, if not perfect, very close.
- Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
There isn't going to be anything "slight" about it!
Apparently you're teachers, mentors, and colleagues are all newbies. No-one with any experience in this business could possibly believe that expenses are that low.
Since you mentioned your education, why not tell us what you were taught about expenses. I'd love to know what $10K buys these days.
Mike
- Wholesaler · Houston, TX · Member since 2009 · 4 posts · 0 votes17y
Here's the bottom line on Del and Lifestyles. If you are serious about purchasing multi family property and have real funds to invest, pay the 10K. It will be the best money you ever spent. You can work directly with Del and he is the real deal, I promise. He will save you that 10K many times over. If you're new to real estate or have little or no money to invest it's not worth it in my opinion. LU's single family deals are average at best and you can get equal or better education elsewhere for much less. Do attend Del's two day workshop no matter your investing experience. I flew my parents in from Ohio years ago to hear him speak and yes, I was a member at one time.
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by MikeOH:
Originally posted by Charles Stuller:
If my expenses turn out to be more than I have projected it will be slightly less.
There isn't going to be anything "slight" about it!
Originally posted by Charles Stuller:
My experience, my training, my education, my colleagues experiences, and my mentor's experiences all show that my expense calculations are, if not perfect, very close.
Apparently you're teachers, mentors, and colleagues are all newbies. No-one with any experience in this business could possibly believe that expenses are that low.
Since you mentioned your education, why not tell us what you were taught about expenses. I'd love to know what $10K buys these days.
Mike
I am beginning to believe that you really have no experience in this business whatsoever, unless you consider writing a book and blogging about the downfall of the American poor to be experience.. If you do, and your expenses on SFHs are 50% of your income, then perhaps it would serve you to fly here to Houston and take Del's 2-day class. He can help you bring down your expenses, I'm sure.Also, you may want to go back and read through the posts again. Nobody paid $10K for education. The cost was $500. And that $500 got me much more than ten times what your $50 book could do for me, no doubt.
I've given you the numbers on one of my upcoming deals, here are the numbers for a deal I've been in for the last 7 years.
Rent $1400
P&I $784
Taxes $171
Ins $48
HOA $22
Exp $54 (actual 7 year monthly average)Cash Flow $321/mo.
This was a no money down deal, so it's an infinite COCR.
I still haven't seen anyone else talk about numbers. Why is everyone so afraid to share what their successes are? Is it just that it is easier to blow smoke and criticize everyone else's deals rather than share your own? I don't get it. How does any of this negativity help anyone succeed? Maybe it helps sell books, but I can't see how it help anyone in real estate investing.
I'll stick with my positive thinking, supportive, mentor group here in Houston with their tens of thousands of units and countless local and national awards and leave all the bloggers and authors to troll the forums and knock people down for succeeding.
- Real Estate Investor · ten mile, TN · Member since 2009 · 1k+ posts · 374 votes17y
The amounts of expenses you list are truly remarkable.
I cant help but believe that they do not include everything.
What are the management fees. If self-managed then you are not considering your time and wages as part of that figure. $54 per month for 7 years would equal $4,536 which would not equal minimum wages for even one year of work.
Plus you say this is a 7 year experience which is the beginnings of what would be a 7-10 years expected lifespan for a roof. I would say that an upcomming roof repair would drastically increase your figures added to your wages and those expenses that you do list plus the cost of normal unoccupied times during that or the upcomming 7 year period and you will find that your expenses do tally up to very close to that 50% figure that is normal over the long term as proven by almost any and all studies done over time for rental units.
There are several other factors as well that are seemingly overlooked by the figures listed. I do wish that all proper accounting methods were taught as these seminars.
Sorry, but even your figures do not add up.
- Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
Rent $1400
P&I $784
Taxes $171
Ins $48
HOA $22
Exp $54 (actual 7 year monthly average)Cash Flow $321/mo.
Well, that IS quite enlightening. You are the ONE and only landlord in the entire United States that doesn't have any management expense, no vacancy expense, absolutely no maintenance, no capital expenses, no advertising expense, no legal expenses, no damage done by tenants (in excess of the security deposit), no evictions, no lawsuits, no non-paying tenants, no utility expenses (even if only during vacancies), etc, etc, etc.
I guess you're right, I should plop down my $10K to learn how you do that!!! It sounds to me like YOU should be charging the $10K. I would be willing to bet that if Del has a bunch of tenants, he has each and every one of these expenses. Maybe you could teach Del how you do it! LOL!
Dave, were you taught the same things that Charles is espousing? Do you believe that vacancies, management expenses, capital expenses, maintenance, advertising expenses, legal expenses, lawsuit expenses, etc, etc, etc are all ZERO? Is that what you've been taught? Is that what I should pay $10K for?
Instead of all the promotional b.s., I'd just like to have ONE PERSON tell us what we should expect to learn for our $10K!!!
Mike
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by jawsette:
The amounts of expenses you list are truly remarkable.
I cant help but believe that they do not include everything.
What are the management fees. If self-managed then you are not considering your time and wages as part of that figure. $54 per month for 7 years would equal $4,536 which would not equal minimum wages for even one year of work.
Plus you say this is a 7 year experience which is the beginnings of what would be a 7-10 years expected lifespan for a roof. I would say that an upcomming roof repair would drastically increase your figures added to your wages and those expenses that you do list plus the cost of normal unoccupied times during that or the upcomming 7 year period and you will find that your expenses do tally up to very close to that 50% figure that is normal over the long term as proven by almost any and all studies done over time for rental units.
There are several other factors as well that are seemingly overlooked by the figures listed. I do wish that all proper accounting methods were taught as these seminars.
Sorry, but even your figures do not add up.
It is true that I am not counting any wages or time compensation for management. I also don't count any wage or time compensation when I research companies to invest in in the stock market or the time I spend meeting with my broker about my investments. This is an investment, not a job. My compensation is in the cash flow.This is not the beginnings of a 7-10 year experience, it is the end of the experience that culminates in a sale. However, if I did want to keep it and replace the roof, I could easily leverage the house back up to 80% and replace the roof with the proceeds and still have a very large return.
I can see that if you are foolish enough to consider vacancy as an expense, that your expenses could appear higher than they really are. Whoever decided that lack of income is an expense needs to have his head examined. Rental income is a top-line item. If the house is vacant, the gross income is reduced. Can you imagine Wal-Mart booking revenue for everything in all of its stores and then booking an expense for all the missed sales (everything still in inventory)? That would just be lunacy. I do not consider vacancy as an expense because it is not an expense. Even at that over 7 years I've had less than 3 months total vacancy. The right product at the right price keeps the vacancies minimized.
I did not go to this seminar to learn accounting. Although there are courses available through LU that teach accounting, I learned accounting when I earned my MBA.
You say my figures don't add up, but my bank account does not lie.
- Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
Well, you've just proven my point. You say that the rent is $1,400, but then you go on to say that you had 3 months vacancy. So the rent wasn't $1,400, it was $1,350. Just the lost rent from those vacancies alone lowered your income by $50 per month (over 7 years). Now, add in all the other expenses that you didn't include? Did you really not have any maintenance over 7 years? You didn't spend a penny managing the property and your time isn't worth anything? No advertising in 7 years? No utilities during those 3 months of vacancy? No entity maintenance? No legal fees? None of the other things I mentioned in my earlier post?
More importantly, if you had 100 of these properties, do you still think that you would never be involved in a lawsuit? Never have an eviction? Never have any maintenance? C'mon, even you should be able to understand this. This isn't brain surgery and it doesn't take a MBA to have a basic understanding of business expenses.
It appears to me that you are making the common newbie mistake of considering all non-routine (and even some routine) expenses to be off-budget (just like you did with the vacancies and management). At least now we understand why your vacancies are so low - you simply pretend they don't exist and ignore them).
Furthermore, why can't anyone associated with this training explain what you were taught about expenses? Did this course really teach you that all these expenses didn't exist? What were you taught?
Mike - Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by MikeOH:
Well, that IS quite enlightening. You are the ONE and only landlord in the entire United States that doesn't have any management expense, no vacancy expense, absolutely no maintenance, no capital expenses, no advertising expense, no legal expenses, no damage done by tenants (in excess of the security deposit), no evictions, no lawsuits, no non-paying tenants, no utility expenses (even if only during vacancies), etc, etc, etc.Perhaps you missed the line above labeled expenses. I have never claimed that my expenses were zero. Of course I do not pay myself to manage my investment home. I also don't pay myself to manage any of my other investments. Why should this be any different? My compensation is in the returns I make on my money. VACANCY IS NOT AN EXPENSE. This has got to be the most asinine thing I've ever encountered in the business world. Let's determine what are maximum earning potential is, then when we don't get it all, we'll call that an expense. Whoever thought of that needs to go back to business 101. Even at that my vacancy for the 7 years has been just about 3 months total. The right product at the right price minimizes vacancies.
no legal expenses, no damage done by tenants (in excess of the security deposit), no evictions, no lawsuits, no non-paying tenants -- TRUE. It's amazing what proper pre-screening of tenants can accomplish.
Originally posted by MikeOH:
I guess you're right, I should plop down my $10K to learn how you do that!!! It sounds to me like YOU should be charging the $10K. I would be willing to bet that if Del has a bunch of tenants, he has each and every one of these expenses. Maybe you could teach Del how you do it! LOL!Now you are just being dishonest or ignorant. No one paid $10K for any training or education. It was $500. I cannot speak for Del's or any other LU member's expenses. I can only speak for my own, and I have said what they are, from my own experience.
Originally posted by MikeOH:
Originally posted by dave:
If you are serious about purchasing multi family property and have real funds to invest, pay the 10K. It will be the best money you ever spent. You can work directly with Del and he is the real deal, I promise.
Dave, were you taught the same things that Charles is espousing? Do you believe that vacancies, management expenses, capital expenses, maintenance, advertising expenses, legal expenses, lawsuit expenses, etc, etc, etc are all ZERO? Is that what you've been taught? Is that what I should pay $10K for?
Instead of all the promotional b.s., I'd just like to have ONE PERSON tell us what we should expect to learn for our $10K!!!
Mike
Again with the dishonesty,or ignorance, or maybe you are just trying to be difficult. No one teaches and no one has claimed that expenses are zero. But expenses can be minimized. And if your expenses are so high, then I say again, maybe you should consider attending a course, be it Del's or someone else's, to learn how to reduce your expenses. With all the units you supposedly have, I'm sure you would make up the $500 in no time. Even if it was $10K you would probably still make it up pretty quickly.Did I mention that it's not $10K?
- Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Originally posted by MikeOH:
Well, you've just proven my point. You say that the rent is $1,400, but then you go on to say that you had 3 months vacancy. So the rent wasn't $1,400, it was $1,350. Just the lost rent from those vacancies alone lowered your income by $50 per month (over 7 years). Now, add in all the other expenses that you didn't include? Did you really not have any maintenance over 7 years? You didn't spend a penny managing the property and your time isn't worth anything? No advertising in 7 years? No utilities during those 3 months of vacancy? No entity maintenance? No legal fees? None of the other things I mentioned in my earlier post?
More importantly, if you had 100 of these properties, do you still think that you would never be involved in a lawsuit? Never have an eviction? Never have any maintenance? C'mon, even you should be able to understand this. This isn't brain surgery and it doesn't take a MBA to have a basic understanding of business expenses.
It appears to me that you are making the common newbie mistake of considering all non-routine (and even some routine) expenses to be off-budget (just like you did with the vacancies and management). At least now we understand why your vacancies are so low - you simply pretend they don't exist and ignore them).
Furthermore, why can't anyone associated with this training explain what you were taught about expenses? Did this course really teach you that all these expenses didn't exist? What were you taught?
Mike
Ok, are you stupid or not reading what I'm writing. I'm sorry, but you keep commenting about things I haven't written. My rent is $1400/mo. If I don't have a renter I don't collect rent, and I don't have any income. Calling this an expense is ludicrous.
I had maintenance, it shows up in the expenses I listed. Yes I did spend some and those expenses are listed as a part of expenses. My time is covered by my cash flow. Again, this is an investment, not a job. Yes, that is covered in a little item I called expenses. Yes, that is covered in a little item I called expenses. Correct, SPs are very cheap. Never hired a lawyer or a CPA in my life.100 properties? Now your just reaching because your argument is so weak. I don't have 100 of these. I have one. Any arguments about what life is like with 100 properties is irrelevant to life with one property, or even 2 or 3.
What non-routine expenses am I holding off-budget? You have not shown me anything that I am not accounting for. I don't consider this a job and therefore do not pay myself to manage my investments (all couple hours a year that I put into this thing.) And my vacancies are so low because I keep renters in the house, not because I don't count them as an expense, or ignore them. Vacancy is a reduction in top-line income, not an expense.
- Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes17y
As has been discussed on this forum MANY times before, from an accounting perspective that is true. However, regardless of what terminology you use, that 3 months of vacancy cost you an average of $50 per month over the past 7 years. If you want to apply it to the top line, that's fine. It reduced your income from the $1,400 per month you claimed in your earlier post to $1,350!
That's interesting, because YOU were the one to bring up the $10K. Look on the first page of this thread. Here's your quote: "I don't know that I like the sound of a three tiered membership program costing upwards of $10k." Furthermore, just a few posts above, David who is also promoting this stuff advises us to "pay the $10K"! That's at least two of you talking about the $10K and yet you're saying no-one pays $10K???
No, it's amazing that an MBA could know so little about business. We've already learned that you pretend vacancies don't exist and that management is free. Did you turn off the utilities when your properties were vacant? Ooops, now we have utility expenses? How about advertising? Maintenance? What else have you ignored.
I'll ask again - what did you learn in your training about operating expenses? Why can't you just tell us? How do you calculate cash flow for a property that you're considering buying? Did Del tell you that proper screening eliminates evictions, damage done by tenants (in excess of the security deposit), lawsuits? Has Del never had an eviction? A lawsuit? Please understand that I don't know ANYTHING about Del. However, if he is a successful rental property owner, I also don't for a minute believe that Del or his company taught you this nonsense! Either they didn't talk about expenses or you weren't paying attention. Anyone that is seriously in this business should know that operating expenses run in the 45% to 50% range and doesn't consider their expenses to be off-budget or pretend they don't exist.
If you would do a little research, you would discover that there is actual data from HUNDREDS OF THOUSANDS OF RENTAL UNITS ACROSS THE US that show that expenses (including vacancy and capital expenses which are not technically operating expenses from an accounting standpoint) run 45% to 50% of the gross rents? Furthermore, you would discover that these expenses are consistent across all areas of the country and in every normal rent range.
Mike - Real Estate Investor · Houston, TX · Member since 2008 · 27 posts · 5 votes17y
Again, right after I tell you that I have expenses you complain that I don't know anything about what I am doing because I claim to have no expenses.
I have never made any claim's about Del's businesses. I am just telling you what I am doing and what I have done. I'm sorry that you cannot understand that.
The $10K is not a fee for training or education. It is a reimbursable cost of access to the higher level of membership which has it's own benefits above and beyond all the training and education that is available at the $500 level. If you would like more information about what this offers, you can look at [link removed]
You could also discover that actual data from millions fo households show that the average family has 2.3 kids. However you cannot show me one family that actually has 2.3 kids.
A very good friend of mine once told me that his life became a lot simpler when he realized that it was okay to let other people be wrong. This is going absolutely nowhere as you refuse to actually respond to what I am saying and keep repeating information that is irrelevant to my situation.
LU has given me a network of like-minded people that are interested in and have experience in the rental market in Houston. These are people that have done it right and are doing it right; people who are making money. My plan is to learn from their successes and increase my exposure to the local rental market here in Houston.
16 hours of a multi-millionaire successful real estate investor's time and years of unlimited access to a group of mentors that will answer any question I have and walk me through the entire process from property locating to tenant evicting is well worth the $500 cost to me. Just counting the 2-day seminar, I paid him less for his time than my company pays me for my time, and he's been a lot more successful at his business than I have been at my job.
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