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All Forum Posts by: David Dachtera

David Dachtera has started 94 posts and replied 4494 times.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @J Scott:
Originally posted by @David Dachtera:

...if anyone asks me, I will deny having said anything in a public forum...

Logic is certainly not everyone's forte...

Btw, given Scott Rowe's post the other day about how his lawyers would crucify him for throwing out success data publicly, I'm now even more surprised that they haven't yet asked you to stop posting...perhaps when the lawyers see your post about your estimate that Renatus students have a 75% success rate, that will change...

Have a great night!

Well, since I did say, "anecdotally" (again, consult your own legal counsel - I do! Learned that from the Renatus Education), ...

The part you obviously missed about Scott Rowe's comment is not that they CAN'T publish stat.'s, it's that any stat'.s published MUST (BY LAW!!!) be independently verifiable. Anecdotes are, by definition, unverifiable. So, I can report all the personal observations I want (aren't ALL the posters in this thread - including yourself - doing exactly that?).

So, don't feel so triumphant. You've still lost the argument by token of having no first-hand experience with Renatus. Since you've never experienced Renatus, you have no valid argument to make.

Have a Great Night!

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Roy N.:
Originally posted by @David Dachtera:

Such an experience would be a particularly good education for Jason - his experience seems a bit thin and rather limited.

I always thought Jason's experience and business acumen to be formidable.

If so, he's yet to demonstrate it in this thread. 

Maybe he just won't let himself get out of his own way - I dunno, but I'm not seeing it.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Jay Hinrichs:

@David Dachtera 

  David,,,   I am new to the thread,,, but when people start with the hey you can lose everything you own in a lawsuit I just cringe... this is just BS to the extreme.. And fear mongering. Nothing a 300 a year umbrella insurance policy would not cover the average person instead of setting up these expensive and elaborate schemes.

I do agree that the people that make the most money providing the direct mail are the direct mail companies... just like those that got rich in the Gold rush it was those that provided the pans shovels and entertainment. But there is a certain amount of business that does come from direct mail I have done it for years and made some pretty nice hits. Same could be said for RE education those that make the most money are providing the education not actually doing it.

Out of curiosity I went on your web site and did not recognize any of your instructors. Although I did like the Mckinsey Quote.. But knowing the chairman of Mckinsey personally Mr.Ron Daniel  and having been his guest at Augusta National I am quite certain the whole RE education Guru industry is not one they would cotton to.

BP is an eclectic group of folks.. and you cannot draw conclusions about experience or wealth from these threads.. there are of course a preponderance of rookies ( your target market) but there are some pretty heavy hitters as well.. And Very well capitalized investors that troll the site looking for deals and or people to do business with.. ( I know I have been contacted by a few)... At the end of the day marketing your company will go on regardless of BP... We all know that there are many of these programs out there in varying degrees and many millions are made monthly by these companies probably yours included.

 "... hey you can lose everything you own in a lawsuit I just cringe... this is just BS to the extreme.." Get out real estate - NOW! Your are hopelessly ill-equipped to survive a legal challenge if you really believe your own nonsense!

"Nothing a 300 a year umbrella insurance policy would not cover the average person instead of setting up these expensive and elaborate schemes." How does the average person know that without some appropriate education? (Jason? You admit you're an uneducated investor. Care to chime in?)

"Same could be said for RE education those that make the most money are providing the education not actually doing it." Warren Buffet, Donald Trump and many other prominent figures in the world of successful people would likely be inclined to disagree with you.

I do have to admit, countering the misinformation out there has become a bit of a second job. So, I will probably back off after this and let folks wallow in their lack of enlightenment.

They think they know what they need to know about something they have never experienced.

I know better - from first-hand experience - and I'm o.k. with that.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @J Scott:
Originally posted by @David Dachtera:

Then, my advice would be to approach Bob Snyder and offer to buy the company so you can run it YOUR way.

Interesting thought...though I'm not sure how I'd put a value on an educational company that doesn't keep statistics on the success of their students...

Like any other business: by sales volume would probably be the best. I'm sure Mr. Snyder would share that with you if he were at all interested in selling.

(Since the company is the legacy he intends to leave to his family, not a good bet!)

...although, since you're such a broken record and your needle is stuck in that groove, I will offer this:

Anecdotally - and if anyone asks me, I will deny having said anything in a public forum - in my experience with people who finish the education, I'd guess some 75% acquire at least one property, then go one to achieve greater success. I only know one total washout - she's in her final course of chemo, though, and she may still bounce back - we'll see.

One of our greatest success stories is a carpenter who was hit hard by the crash, out of work for four years, on the verge of losing his own home, acquired his first property - a REO mold farm in the subdivision across the creek from my ex's nephew's house. His profit after paying back his investors and business loans: $133K. He has gone on to partner up with the VA on their initiative to house troubled veterans within walking / public transit distance of where they get their treatment for PTSD and other disorders. He and his partners get rehab assistance and rents subsidies from the VA.

How many of you "don't need the education people" even knew about that program up until a moment ago?

The value of the education extends beyond the classes, even beyond the community!

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Jay Hinrichs:

@J Scott 

  PS those that want to do it Pro Bono of course would be free to do that.

BP university ! 

You may also want to check out http://nationalreiau.com/ .

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Jay Hinrichs:

@J Scott 

  I think J. S.  this is a business opp... top BP contributors start the BP RE school... Charge fair price to  educate them.. give them money back option within a reasonable time.. etc etc.

there is only so much educating you can do reading all these posts... one needs to put it all together succinctly and in order so students could follow it... Each BP professor takes on their subject as a module...

Now remember were you heard it.  

That's an excellent idea, Jay!

Do, it - so you'll develop an understanding of what Renatus is and is not.

Such an experience would be a particularly good education for Jason - his experience seems a bit thin and rather limited.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Phillip Tillotson:
Originally posted by @Doug Leedy:

FYI, MLM is a marketing system that has nothing to do with real estate. Technically, Renatus is not an MLM, but it does use marketing in selling its education, just like all colleges and universities do. There are some components of MLM (which is a legitimate marketing system used by most companies today, major or minor) but it is not a pure MLM and that has been verified by the FTC. You may participate in that side of the business, you may just become an investor, or you may do both. It's actually YOUR choice, which some on here don't seem to grasp. Please take the time to investigate yourself. Then you'll know.

I watched all 8-16 hours of video and sat on a conference call. (for my fiancee) Here were the key points to the phone call.

The phone call started by Renatus asking if I was going to do marketing. I told them no which was followed by an awkward silence. Then a long sigh and a "Ok so what do you want to do." Clearly he was not enthused.

Q: Can I be an investor without going through the school?

A: No. We have things to teach even the most experienced.

Q: Can I test out?

A: Yes, but you still have to pay for the school.

I never could get him to clearly explain why there were two pyramids for marketing and then a pyramid for the real estate side.

The main exit strategy for all deals were to whole sale to a large hedge fund.

They had 0 numbers for success rates. They spent 90% of the 8-16 hours of video explaining the marketing. Clearly, they were targeting people with low funds and limited knowledge or people who know how to play the game well and legally dupe others. 

I have a lot more negatives. If this gets pushed further then I'll spend the time to find the proof (again) so that you can't accuse me of being a liar. One is about a school before Renatus that is linked to people that run the current Renatus school.

He didn't explain two pyramids because you can't explain what doesn't exist! Renatus is not a "pyramid" - though, if it were, it would be an inverted pyramid: the highest paid people are at the BOTTOM, and residual income continues "upward" for only three levels.

Wholesaling to the hedge fund is only one option. The whole market-at-large is available to any investor, Renatus or not.

Anyone caught "duping" others would have their affiliate agreement immediately terminated. Be sure to report any such activity to Renatus Corporate.

If you have more negatives, definitely post the links. I want to see you find links to information which is erroneous see I can report it to Renatus Corporate and they pursue legal action to have it removed.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Jay Hinrichs:

@Bill Gulley 

  think  MLM... many Doctors and educated people get into MLM and they bring credibility to the mass's... again I think much of this business is rooted in MLM when it comes to presenting the product and the sales presentations and typical hype as you suggest IE>

1. You can make the money you DESERVE  Like we all DESERVE to make big money

2. you can spend time with your family and kids.. Like we all want to do that maybe but maybe not.

3. We can work independently and create our own time schedules and income levels.

so forth and so on.

And Remember in most Guru set ups the first event you go to the presenter will be a PAID actor...

Better still: think NOT MLM, since Renatus is not MLM.

There are no "paid actors" in Renatus communities - which is to say that there may be actors among the community members who get paid for their work, but who do not present and do not work for either Renatus or the community and/or its leaders.

The "gurus" travel from town to town, do not generally do business in your local community so they do not know the local market, take your money or send you on your way, then move on to the next town. No community, no one line classes, no support network, ... a customer service number to call, that's all.

Renatus has local communities in nine(9) metropolitan areas, at least four(4) that I know of personally in metro Chicago. We meet weekly, we have monthly real estate workshops, we have month marketing workshops for those who choose to market the education (not required to be student, and no purchase is required to be a marketer in compliance with Federal law), our classes are on-line 24x7, ...

There just no comparison!

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Bill Gulley:

Well @Doug Leedy 

[snip]

As long as the pitch is made with student endorsements (who knows who they are) or claims of wealth, or success and there is no meat to the sizzle, I suggest folks stay away from such educators........nothing personal guys, but where is the meat? :)    

Go back and look at the website. You obviously only skimmed it. I posted a link to the curricula and the course catalog in another post. Go check it out again.

Post: RENATUS SCHOOLING?

David DachteraPosted
  • Rental Property Investor
  • Rockford, IL
  • Posts 4,613
  • Votes 2,995
Originally posted by @Phillip Tillotson:

They promise you funds for investment after you go through their school. They will not work with you unless you go through their school. You can't even test out. Doesn't matter how much experience you have. Sales are pyramided and the real estate side is pyramided. Not sure how many companies they created to prevent them from having to report to the government. Their videos tell you in plain English that they spent a lot of time and money to determine how far in a pyramid they could go before they had to report to the government.

scam.

 "They promise you funds for investment after you go through their school." No, they do not. Anyone telling you such things should be reported to Renatus Corporate for immediate termination of their affiliate agreement. Use the links on the Renatus website.

"Sales are pyramided and the real estate side is pyramided." No and no. Not sure where you got that, but it is total nonsense. If you can prove it, post the  links here - Jason doesn't doesn't seem to remove those.

"Not sure how many companies they created to prevent them from having to report to the government." None. Renatus reports to the government like any other business.

"Their videos tell you in plain English that they spent a lot of time and money to determine how far in a pyramid they could go before they had to report to the government." No, they do not, What is explained is that if Renatus was a Multi-Level Marketing plan (it isn't), THEN they would be required to report that to the government. Since they're not, they are not required to report as such.

"scam" Evidence please? (Remember, I have first hand experience with them, you don't.)