All Forum Posts by: David Dachtera

Hello, Michael,

I don't remember seeing an email about an update to this thread. Then again, my memory is so bad I could plan my own surprise party!

Homeless, jobless , bankrupt and bad credit is where most of the Renatus instructors started out. One of them also had the added burden of a pregnant wife who couldn't keep anything on her stomach. They were living in their car at the time. He's now one of our multi-family experts, and yes - he used the marketing side of Renatus to save his family's lives.

I agree, there is often too much emphasis on the marketing side and not enough on the education - especially in cases such as yours where you need to generate income quickly. It could be argued - quite validly - that wholesaling would work just as well, yet you still need to know how to do that in your state / county / city, etc.

In answer to the question of what differentiates Renatus from the "gurus", I can offer only this...

Gurus:

• Gurus come to town to sell. Period. Then, they're off to the next city.
• They sell you a 3-day "bootcamp" which is really a 3-day upsell to a more expensive product.
• They have no local support group - you're left to your local REIAs, BP, etc.
• They offer no financing to get you into their education
• They don't let you network with other investors at their free (marketing) events
• They don't let your record the material presented - you're left only to your own notes.

Renatus:

• Weekly Presentation is local by local investors speaking from their own experience. Some groups hold monthly workshops featuring a Renatus instructor for a day.
• There's nothing for sale at the weekly presentations, and the education is real - no selling allowed. Instructors must make at least $1M/yr doing what they teach.
• There are local Renatus groups in 11 major cities with more on the way, 5 in Metro Chicago alone. Recorded webinars are available as well.
• 100% acceptance financing is available with no credit check (20% down, 18% for three years). This can help you rebuild bad credit if you make timely payments. Other funding options are available, also, for those with income and qualifying credit.
• Networking is how we do business with each other and is always encouraged and enabled.
• Classes are available on-line 24/7 - you can repeat any class or portion of a class as many times as you want during your availability period. The top package provides lifetime access. Audio is downloadable and be kept.
• The Chicago Renatus group has study groups to help students understand their classes. Other groups and cities are following our lead.
  

If the moderators don't delete this post, I hope this helps clear up some of the confusion around this topic.

Hi, Greg,

Speaking from experience in direct marketing, in a non-targeted campaign, even a 1% response rate is considered good. About the only way to improve the lead quality is to do a more targeted mailing aimed at previous buyers, note holders, etc. depending what you're marketing for.

Hi, Jennifer,

The investors with whom I associate focus on fundraising as part of our methodology. So, to the seller, we would look like an all cash buyer even though many private lenders may be part of the buyer's side of the deal.

We have some 250 people here locally and we have a nation-wide network of associates.

My local group is having their annual picnic this weekend. I'll copy-and-paste your deal's info into a flyer I can show around and see if I can raise some interest.

Any idea how I would do that?

I'm available usually after 6pm.

I have a short week coming up - M, T and W only. Thursday evenings, I'm a volunteer for my investor group up in Downers Grove - standing commitment, Thursday evenings. Also, starting Friday after work, I'm unavailable for a week - personal business.

My investing group is having their annual picnic this Sunday in St Charles at Pottawatomie Park from noon to 5pm.  If you've searched me here on BP, you know that I'm a Renatus affiliate. Just look for the signs. Would be a good chance to meet you and you could meet the group in a social setting. We could have a chat then, if you're available Sunday afternoon. I'll be wearing jeans and baseball-type cap with sunglasses - note my profile picture and look for someone like that only about 10 years older.

Otherwise, I wouldn't be fully available until 1st week in Sept. I need to make the house a little more presentable, also. I'm partially disabled, so it's not easy for me.

@Adam Farag, Yes! We should talk.

Where in Chicago(land) are you? City? Suburbs? North? South? West?

@Charles Worth

See, here's what I don't get about points: to my mind, the lender is just getting their own money back in advance. So, why bother? Knock x points off the loan amount, but charge interest as if you hadn't. It's just part of the lending thing I haven't quite gotten my head around yet.

Are you aware of any Chicago-area BP Meet ups? I have to get to bed, or I'd search it myself. On my list for Friday eve. I have my investors' group meeting after work tomorrow (Thursday).

Well, for starters, is the house currently occupied?

... is it in rentable condition? If not, what would it take to make it rentable?

You say it was deeded to you. Is there any financing on it? If so, are the payments current?

Are the taxes current?

What more can you tell us about it?

Well, ok. Let's look at your numbers...

Monthly Gross income: $2940

Monthly Expenses:
Taxes: $6140 / 12 = $512
Insurance: $1200 / 12 = $100

So, my first question is:

Electric - does each unit have its own meter plus one for each building?
If so, do you have detail on electrical expenses for the building?
Does that detail include the well pump(s)?

What about maintenance expenses for the septic system and well pump(s)?

You'll want each building broken out separately, then look at the finances of the land purchase for the rest of the property.

There will be more work to do from there, but that at least presents some idea about the compexities of what you're considering.

Find someone locally who can mentor you with this.

I have a saying, also: Learn how to do real estate before you try to do real estate.