Has anyone purchased this $5900 course from VettedHomes on IMTR's or MTR's in general? Their success speaks volumes however, its a bit much for me to stomach for a potential benefit.
I do see how the knowledge could likely save me the equivalent in mistakes but none of us have a crystal ball. Thanks for any insight you might have!
@Sofia Komrskova The biggest selling point for me is access to the existing network of IMTR relocation specialists which would take years to build up on my own and I have had zero luck on BP getting any feedback specifically for relocation specialists.
Don't spend that kind of money on courses. Just google it or come here.
This.
Also, if you were the tier 1 worker bee at a relocation company who wants to get a family housed, happy and as quickly as possible, would you accept the word of a guy who sells a course to new-to-MTR investors that "here is Eli; please send him all of your business. He's great".
I recently went to a conference (that fortunately was free) where a really famous name in the flip space talked for an hour about how important relationships and authenticity are in the real estate business. He then talked about the best ways to fake these. I mean, he probably wouldn't describe it that way, but that's what he was doing.
It takes time to grow organically, and it is frustrating and painful at times. Still, it prepares you well. Some things have shortcuts, but developing relationships isn't one of them.
Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
1y
I am generally weary of courses. Never heard of Vetted Homes until reading this thread. Spent a minute on their website and this in particular stood out to me as a red flag. Most of these course instructors aren't qualified to teach anything but the most elementary real estate concepts and try to make their courses more marketable by teaching concepts they have no business teaching.
Tax and Legal Considerations
Understand the tax implications and legal responsibilities associated with rental income. While we are not tax professionals ourselves, we do share how we ourselves have made millions and paid very little taxes along the way
Also @Eli Edwards A network of relocation specialists is not a reason to invest in a course. If you have a marketable property and its listed these agents will contact you. I have no interest in MTR's and don't market my properties for this use but still get bombarded with inquiries. I could only imagine how many inquiries I would get if my marketing was geared towards that use.
@Stuart Udis Thank you for your insight, considering the quick success of when I listed my home for IMTR I assumed I was just lucky. Hearing that you get bombarded with inquiries is great to hear and gives me more confidence in my local market for filling a demand. Thank you again!
Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
1y
Not all inquiries are good leads. You will get some of these as well (This inquiry was for one of my 1500 SF 2 Bed + home office units)..... but by no means does this investment strategy warrant paying for a course.
@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.
@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.
@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.
What sites did you list your properties on?
I listed it with AleSolutions and Alacrity Solutions. The family that was placed into the home is still there and taking great care of the property.
@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.
What sites did you list your properties on?
I listed it with AleSolutions and Alacrity Solutions. The family that was placed into the home is still there and taking great care of the property.
@Eli Edwards thank you so much for the quick response. Im so happy that it is going well for you. I have a couple of questions: How long did it take you to get a family in after listing it? How did you determine how much to charge for rent? I plan to convert my current rental to MTR insurance rental. My current tenant is not taking care of the property.
@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.
What sites did you list your properties on?
I listed it with AleSolutions and Alacrity Solutions. The family that was placed into the home is still there and taking great care of the property.
@Eli Edwards thank you so much for the quick response. Im so happy that it is going well for you. I have a couple of questions: How long did it take you to get a family in after listing it? How did you determine how much to charge for rent? I plan to convert my current rental to MTR insurance rental. My current tenant is not taking care of the property.
DM me when you get a chance, these quotes are just looking cluttered and I dont wanna bug people following this post.
Kellie Davenport here, one of the founders of Vetted Homes. I just came across your post and wanted to jump in with a quick update. A lot has changed since you wrote it.
The price you mentioned is no longer accurate. We’ve made the course investment much more accessible, and we also have a free Skool community where you can connect with people who are already using this strategy and get a feel for everything before spending any money.
Would love for you to come check it out if you’re still interested!