All Forum Posts by: Nate Marshall

They have a $997 course to be an affiliate. But they don’t say affiliate, they will say money broker. Then offer you a $10k to $25k to be in his inner circle and become a certified broker.

He does offer money back on your course with you do a certain amount of deals in the designated time period.

The designated title certified money broker helps with some buyers, makes them feel that you are more knowledgeable to care of them.

They only award the certification after completing a 40 hour in classroom (prior to COVID anyway) program and passing a 100 question exam with an 80% or better.

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Quote from @Jay Hinrichs:

Originally posted by @Jeff S.:

I have to hand it to Lee Arnold. He charges a lot of money for what all other lenders offer for free.

Understand, @Tonie Jo Andrews, that “Broker” is a legal term. Mortgage brokers make or arrange loans to the public and are required to be licensed in every state I’m aware of. They are fiduciaries, which means they must act in the best interest of the parties they represent. They are also heavily regulated. A broker can legally receive a commission for the loans they originate.

Becoming a licensed broker is generally a lot of work and can require months or years of classes, apprentice training, and a test provided by the state in order to obtain the license. Lee Andrews provides a printed certificate from his company which holds absolutely no legal weight nor authority. It’s worth the paper it’s printed on. That is, being a broker licensed in your state to originate loans is much different than that of a “broker” certified by Lee Andrews.

What Lee Andrews is offering is what all other lenders call an affiliate program. Here, you are really just a salesperson representing his company, with knowledge of his terms and other lending criteria that he somehow convinced you to pay for. Why would you do this?

Many hard money lenders will be happy to educate you about their program for free so you can refer borrowers to them. Go to the website of some large hard money lenders and you will often find a link that says “Affiliate Program.” Ask what info you need to learn their processes and what finder’s fee they will pay for deals that close. You don’t pay to become an affiliate. On the contrary. Many of those on this board who call themselves lenders are really affiliates.

So long as it’s legal in your state, there is nothing wrong with being an affiliate and receiving a finder’s fee. You just can’t use it to misrepresent yourself as a broker.

Jeff, there was a guy in Denver i believe that sold this kind of program kind of pre GFC.. he got hammered by the AG and I beleive maybe even criminal.. but it was the same thing drop a bunch of craigs list adds.. I have money to lend or i have notes to sell. when borrowers call the game was to set them up with the lenders that called looking for notes.. and make a middle man fee.. I think as much of the failure was so many signed up but so few actually did anything.. I actually remember calling on a few craigslist ads. and putting two and two together those running them simply reading from a script and had no real clue as to how lending works.. much like cold calls form boiler rooms that wholesalers use these days. Maybe you recall his name he was quite well known

Jay there is nothing about craigslist anything in the private money broker program. I took this 40 hour course in 2017 and brokered 250+ deals between it and COVID. It is solid. I use much of what I learned today. It is the most solid program I have seen outside of a few others I have used.

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Quote from @Ajene Green:

Hello! I just added you to instagram and would love to hear you experience. I am currently considering if the opportunity is worth it for me. Curious, wondering if you were given access to any hard money lenders or cash investors already? Thank you!

Ajene!

from @Jennifer Shaw:

We are apart of spring board to wealth and have had a great experience in the program. Lots of useful deal analysis. And if you’re new and motivated you will find your first deal. We have multiple doors and still find a lot of useful information. It’s not basic like some have said. Ig is Jen.chasingkids.and.realestate. Dm me if you have questions for someone who is in the program

Like 447 lenders? 1300 +Family Offices and Hedge Funds.

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Quote from @Vivan Bhalla:

Quote from @James Wise:

Quote from @Vivan Bhalla:

Hi all,

So I was reviewing a list of reviews given by people on RTR (Rent to retirement) and was surprised to found not even one negative, which made me think of my experience and I decided to write a review so as to save people from this scam.

I came across RTR in 2022 through a referral, I researched their reviews and decided I will use them for my first real estate investment which is a turnkey property. I saved some money and decided to pull the plug in April 2024. They identified a property for me and sent me a house in Akron, OH. The point of contact for me was Adam. He gave me some pointers on how Akron is an upcoming city and investment here will be very good. They told me about this area Kenmore which is the next area to be transformed by the city and my investment will be very fruitful. I decided to go on with the property in Kenmore and went through the process. The seller was Steve Yoak from Yoak enterprises who bought the house and renovated it. I was told his work is the best and all his houses are top notch quality, I trusted their word thinking that things will come up in appraisal as well as inspection. the inspection was good, nothing negative was on the inspection, the appraisal was also correct. I was very happy but little did I know the worst was yet to come.

Steve Yoak got me in touch with KS Yoak enterprises who he said was his uncle and PM. RTR told me I should take them as they are good. I finalized the property on May 3rd and they told me they already have a tenant ready to move in (they did not take my approval or anything or even informed me their background). I was super happy. I thought this is so smooth. I got my first rent cheque in june for may rent and everything was good. From mid july I started noticing I have not received any deposits and I thought it might be a delay since it is a new property. Late july I tried to check in with KS yoak and they were confused. After 1-2 weeks they told me the tenants stopped paying rent after the first month. For the next 6 months, I had to deal with the incompetent behavior of KS yoak who could not solve my tenant issue and they had no idea what was going on. After I raised this issue with RTR, they knew they fu*ked and they paid me some money as compensation and asked me to stay quiet and not post anything negative (which I am clearly not doing). Till April 2024, I was the one who managed everything with the tenant and got all the rent and made them pay back. KS yoak basically made the situation worse. I cancelled their contract and when I asked them the security deposit be mailed to me in NJ, they sent the security cheque to some address in Philly. Overall, it was the most stressful investment I had.

Coming to 2024, I decided to sell this property as I am done with this headache. I bought it for 135k and the realtor is saying it will go for max 125k. The property has so much issues now, the basement which Steve Yoak worked on has openings and there are rodent issues. the air conditioning does not works, the house is having other issues with fridge as well. It is shocking that this TURNKEY PROPERTY is anyhing but turnkey.

Overall, I would very much avoid anyone who is using them. They are a scam and they make the most money. I know I am at fault here too that I trusted them blindly. I would appreciate people who can help me on what I do with this property.

I work with these dudes. They are straight shooters. Beyond that though, I have dealt with 1,000's of houses and tenants like what you describe. I would assume I am the most well known investor in the Cleveland/Akron area and I've got to ask you, what specifically do you want them to do?

You decided to invest in a property in a low income market. You were given the opportunity to do your due diligence. You did both an inspection and an appraisal and were happy with both and decided to buy the house.

You had tenant issues which is part of the business, and they paid you some money, which most people wouldn't because they absolutely did not need to. I know I wouldn't have. And now you are upset and trying to hurt this company because of what exactly? What did they do specifically? Sounds like an inexperienced investor who can't take personal responsibility for the fact that you can't handle being in the low income rental business.

I don’t agree with you, I could have just gone on redfin and bought a turnkey or asked an agent in Akron area to help me get one. The reason I went through this company is because I trusted in their work and thought they would have the best interest for me as an investor with them.

i do not want them to do anything, I am just putting it out their for people to know. It is not hurting them but just giving a review. What they could have done better is referred me to a better PM, who actually does better work, they could have helped me in analyze the property better, they could have atleast helped me get a property which does not loose value over time but gains it(which they clearly lied to me about). They could have had better affiliates who do a better job on a turnkey property.

ofcourse you are right that I could have done my proper due diligence which I did. But understand that I was a new investor and trusted them in taking care on a lot of these things because I knew my due diligence might be faulty because of my lack of experience.

so I completely disagree to your points here on siding with them

I would defer to James who is one of the most knowledgeable and experienced real estate investors EVER!

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Quote from @Ryan Kindred:

Hey, thought I’d share my perspective as someone who’s been through Michael Blank’s mentoring program and successfully closed on my first real estate syndication. As far as I know, he’s no longer offering the course. I believe that was phased out a while ago. With that said, a course alone isn’t enough to be successful in multifamily syndication. I found success by having a mentor, a solid support system, and a community of experienced operators around you.

My partner and I went through the program and ended up closing a 240-unit self-storage facility. We raised $2.1M in equity and earned a six-figure acquisition fee. I’ll admit, I had doubts when we first got started. But the structure of Michael’s program was thorough and ultimately helped us get across the finish line.

If you're just looking to buy a couple of rentals or maybe a small multifamily deal, you can probably get there on your own. But if you're planning to raise capital and take down larger deals, having the right guidance makes a huge difference. Hope this helps!

I think you duplicated your post. Michael isn't offering this anymore. I recommend that people interested in this look to Rod Khleif and his company. Rod was a legend before he ever started mentoring or coaching.

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I highly recommend this. The people behind this are as solid as Mt Everest!!!

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Quote from @Belinda Agosto:

Quote from @Chris Seveney:

@Linda Fang

I would start with William tingle program first for 1/100 the price

William Tingle is doing to Sub2 like what Zach Ginn is to wholesaling. They're giving away real scalable value for virtually free!

In both cases you get what you pay for. Neither of those people offer any value.

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Houston, Texas

Quote from @Chris Seveney:

Quote from @John Bueling:

I am discouraged to see one LP (Googled his name and keyword "lawsuit," see below) actively still advertising here. I have communicated with other investors, providing evidence of wrongdoing to FINRA, as well as several lawyers. I'd advise folks avoid them at all costs. It would be a wonderful gift from the site moderators to have their advertising and "expert advice" content removed from here as well, but that's above my pay grade.

https://trellis.law/case/36061/653431-2024/electra-capital-p...

John

I will comment only on your actions- but why you filing complaints with FINRA. FINRA oversee broker-dealers and I do not believe any sponsor is a broker dealer.

If you want to go after the sponsor, you can file claims with the state banking finance and regulation or the SEC (Good luck). But FINRA would have no jurisdiction in a bad syndication unless you used a broker dealer who misled you and your claim is against the BD not the sponsor.

I back this up 100%. FINRA has as much to do with this as the Skipper and Gilligan.

1 Vote

Quote from @John Bueling:

https://trellis.law/case/36061/653431-2024/electra-capital-p...

Not just that individual. There are many people like them being promoted here.

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Quote from @Ken M.:

Quote from @Nate Marshall:

Quote from @Deb S.:

Quote from @Ken M.:

Quote from @Ignatius Okeke:

Quote from @Ken M.:

Quote from @Ignatius Okeke:

I am interested in signing up for the Pace Morby's Subto program, anyone to help me with the discount code?

If you have to borrow money to do "no money down" investing, (which it really isn't
"no money down" investing, don't you think you are headed to trouble?

By the way, doing things Morby's way will get you into trouble even if you have money. The reason you need money for Morby's "no money down" investing is to hire an attorney to explain to the state why you broke the law. You will need representation. Be smart, talk to an attorney first, tell them what you want to do and let them tell you if it's legal. It's a lot cheaper than after the fact.

Hi Ken,

Thank you for your response and advice. Sorry, but I don't quite understand what you mean. I wanted to sign up for the program mainly for networking purpose. Getting to meet experienced people whom I can learn from. So, I need more clarification and clear direction regarding that.

Best,

Ignatius.

Learning to do things the wrong way is still learning to do things, I guess.

Here is someone doing the things Morby teaches, the way Morby teaches

https://www.azag.gov/sites/default/files/2025-03/CV2025-008402%20State%20of%20Arizona%20v.%20Cameron%20Jones%20et%20al%20FILED%20%281%29.pdf

@Ken M. to be clear Cameron Jones is NOT in the paid Subto community. Please stop spreading lies. It's fine if you don't like Pace Morby or what he does/teaches but let's stick to the truth.

Pace does NOT teach anyone to defraud homeowners. His legal documents have been drafted by his own attorney who clearly would not create invalid, unenforceable contracts.

You should follow Ken's advice and delete the account. Even so the DOJ will be able to find it when they send you to CETOC in El Salvador,

.
She seems pretty dense. Of course, greed does that to people. They lose all sense of perspective and reason.

Pace relies on people who aren't the sharpest crayon in the box. Really sad and pathetic the gator bois are! They are my forever enemy!

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All Forum Posts by: Nate Marshall

Nate Marshall has started 45 posts and replied 1160 times.

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