Renatus: real deal or real dud?

Question

I specialized and did very well in a housing niche for many years. Renatus recently contacted me about being an instructor (‘practitioner’) for them.

I hadn’t heard of them before and wondered if anyone had an opinion to share about the organization?

Account Closed · Answer

They sell memberships (mentoring) for $20,000 to $30,000 per person. Most of the members try raising money by selling memberships to others for $20,000 to $30,000.

I went to a meeting and if someone is totally new to real estate they may benefit. However, my bias is that using that $20,000 to $30,000 to actually buy a house is better training.

Account Closed · Answer

Just saying attend one of their meetings before deciding if it's the right place for you or not.

Jerry Lucker · Answer

@Eddie Starr

Wow! Thanks so much!

Eddie Starr · Answer

@Jerry Lucker: My question to you is how would you benefit from the relationship?

Next, do a search here on BP, and if you want, a larger one, for Renatus. They are flooded with bad reviews, people accusing them of scamming, etc.

Their "essentials," when I tried them, years ago, was between $2k - $3k. It does have a lot of useful information--it was the first place I heard about SD-IRAs--but that's it. If you want to actually do REI, you need to upgrade to the "Advanced," which I want to say was $15k, at the time (maybe more).

A lot of fluff, but when it comes down to it, they don't deliver. I had my "team lead" help me with my POF, and the second I sent that to the realtor for the property, they immediately ceased any and all communications with me. I looked up their number, and it went to an employment agency in KY. On another, working with a different realtor on what would probably be a tear-down (the owner's extended family tore out the copper tub, with a huge whole in floor), I had the realtor tell me to find a different mentor, because he was wanting things that were flat out illegal. Add that to the KY employment agency, and I decided to stay away.

And the problem is, they seem to be everywhere. I find a lot of REI groups in the area, especially via meetup, to be tied to them. They're also pushing the "velocity banking," which I'm not convinced is the best strategy to "pay off your mortgage in 7 years." Of course, if it's a rental, and it's student housing, with enough rooms, it could work, but otherwise, I'm on the skeptical side.

Jerry Lucker · Answer

@Mike M.

Thank you Mike. Makes sense

Renatus: real deal or real dud?

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