RE MentorReviews of rementor.com

After investing $32,000.00 for a diamond membership that was advertised with the sponsorship component during the seminar, my expectations was to receive sponsorship assistance, particularly in understanding and securing commercial loans for my cash-flow deals. I underwritten roughly 10 multi-million dollar deals from 248 Units down to 27 Units with exceptional skill. Our coach "Todd Schowengerdt" informed me never to send any of my deals through the company portal where everyone significants can review it. so I had to send them directly to him for approval, once he finish praising me for a excellent job well done, with indisputable an attractive returns, combine with value adds increasing the probability of a successful deals right in front of him meeting all the parameters. Days will go by before we hear from him to initiate contact with the sellers broker to submit a LOI. He would then encourage me to send my file and complete due diligence to an affiliate of RE-Mentor name "Kevin Jenkins" @ Northmarq.com that provides mortgage loans for paid participating students. with all my deals not once was I ever able to receive well over 50% LTV to close the deal. constantly venting my frustration to the coach he would seem confused as if its unusual for this to be the case on a consistent basis with every great deal presented. The conspiracy of a colluded effort kicks in when the coach would suggest I go to a bank and attempt to get funded without the liquidity and education or Bio of a qualified sponsor to navigate the complexity of commercial mortgage requirements. This was the ultimate purpose I specifically paid for within my $32,000.00 to assist me with these efforts of obtaining financial assistance. So why should I be informed to walk into a bank and be politely denied a commercial loan for millions of dollars. when other Foreign and Caucasian participants are not only receiving 70% to 80% LTV but also enjoying the benefits of their money with the luxury of deciding which sponsor best fit their deal to help them close with ease. As much as people will like to believe racism has long passed, the truth is it's upon us in every aspect of life. So now I have been waiting for a response from RE-MENTOR for almost two months after countless phone calls and emails to every head figure in the company, including employees I personally interacted with. My one year membership is up in May, it's apparently clear no one wants to address the compliant, and would rather the clock run out to justify their blatant disregard for Consumer Protection Laws, even the owner himself that I respectfully reach out to directly, "Mr. David Lindahl" Has yet to contact me to discuss any details of my experiences. To be thoroughly knowledgeable about the success rate in this company for African American compared to the percentage of other ethnic groups, I would seriously suggest you do not believe the hype. It's simply a Pyramid Scheme design to Upsell you which is far from helping you succeed according to: "Federal Trade Commission" Involving Real Estate Seminars and Investment Coaching. Do Your Research!!!

They sold me onto joining the $50,000 package, which I could not afford, but they used my credit to get me qualified for a bunch of credit cards. I did not qualify for the full $50k in credit, but was able to get $40k+ which they then had me join the $25,000 package instead (Tip: There are cheaper packages). Bear in mind, I was a complete novice going into this. It was good information about multifamily real estate, and I already bought the home study system (about $1500), but they bring you back for another "Free" 2-day workshop where they do the major upsell to the $50,000 package. Fast forward to the $25,000 package, I had to pay a fee to their credit company which help me attain the money. Maybe that was about $5000. I also had 3 additional workshops to attend (only two of them ended up happening), and for the workshops I ended up spending an additional $3-4k. Also, there are additional upsells which you will not find out about until you receive random phone calls from their sales team telling you about "secret tools" that you must buy to get even more of an edge. I was sold for another $2000+ on additional tools. With this package I was supposed to get a Mentor (person to guide me through the whole process) also a Sponsor (person to bring the money to do the deal if/when I find one that fits the criteria). The Mentor ended up being a guy who hadn't done a real estate deal in 4+ years, and had never done a deal in my state. I didn't realize how much my progress would be stunted in this program. He had me look around for clubs to join. I joined BNI and Toastmasters which are great organizations. But BNI costs an additional $1200/yr and Toastmasters another $300+/yr. Also note, the "Mentor" is only promised to speak on the phone with you once every two weeks. And the phone call is only scheduled for 30 minutes. I mean, how much can you really teach a newbie in 30 minutes? He would just tell me to do stuff, and it was stuff that he never did himself (which I wouldnt find out until later). I was with this "Mentor" for 6 months, and it took me awhile to realize this guy was giving me a lazy effort, very outdated techniques. I later found out that my experience was not uncommon regarding the assigned "Mentors". I spent as much time as I could looking for deals, but with the multiple clubs I joined, my time was spent with a lot of people who were not interested in multifamily. Big Trick #1 - They do not tell you who the Sponsor is, and your "Mentor" also does not tell you that they are NOT the Sponsor to your deals. My Mentor eventually told me he had a contractual agreement w. RE Mentor to NOT to go into any deals with students. I don't know how true that was, but that's what I was told. FINALLY I DID FIND A GOOD DEAL!!! After maxing out all the credit cards, going to a bunch of meetings, and analyzing a bunch of deals using their criteria which makes it nearly impossible to make a competitive offer... Guess what happened after I found the deal? 1) My "mentor" told me he needed more information from the seller. The profit and loss statement wasn't good enough... 2) The RE Mentor Staff told me it was a good deal, but I should go back to the seller and ask for more information (i.e. more years of profit and loss statements)... Remember this is all new for me, and I am learning as I am going. Additionally, the seller wanted proof of funds, and RE Mentor refused to provide them, telling me my Sponsor would provide proof of funds. That's when I found out my mentor was not my sponsor, and in fact, I had no clue who my Sponsor was. I thought once I found the deal, RE Mentor would sweep in and save the day. Well, in fact, I crashed and burned. The seller never responded to my follow-up requests, RE Mentor never provided proof of funds, and RE Mentor also never provided me a Sponsor. I kept going until I found another deal (just for good measure). Once again, the RE Mentor Staff said my deal looked too good and they needed more information from the seller. They never provided proof of funds nor a Sponsor. To make matters worse, my "Mentor" tried to recruit me to his MLM business (more than once) :( I spent well over $50,000 while in the RE Mentor coaching program and left out the parts about my credit score drop and certain banks simply reducing or closing out my credit lines altogether even though I made all payments on time. I also left out the parts of RE Mentor Staff cancelling my access to the training modules (more than once), even though I signed a contract promising LIFETIME access to the training modules. The worst part of the whole adventure is they truly left me hanging. I was seriously considering using the last of the credit card money to fly to Boston to confront them for their violations of the contract that I signed, and demand a $25,000 refund. Save yourself the headache. This company costs more than they are worth.

According to newspaper website patriotledger.com, David Lindahl was sentenced to prison for child molestation and was investigated for fraudulent business practices.

His team only wants to up sale more programs before you get any real help they are motivational speakers by script and always trying to sale more

Rip Off, save your money. Its not easy, its very difficult to be successful. They don't tell you everything until you buy one of the programs

$200,000 invested Many years later hoping to get my money back. No profit just hope no catastrophic loss. Opaque and no communication

MY ISSUES HAVE FINALLY REACHED THE RIGHT PEOPLE WHO HAVE ADRESSED THEM AND WE HAVE SO FAR OBTAINED THE RESULT WE EXPECTED, ALTHOUGH IT TOOK WAY TOO LONG. ALL WE WANTED WAS OUR MONEY BACK, THAT SHOULD HAVE BEEN QUICK AND EASY. THANK YOU VERY MUCH.

Bought the boot camp after high pressure sales . I had already made up my mind I was going to try before they kept pushing through the whole class . Of course like any consumer after the sale , we always look at the true reviews after . 1500 is only to start . Most people that keep with the program end up spending 40 k . 1500 is only talking about what they are going to teach you next . I canceled my authorization . It's a scam . Im better off reading and listening to audio books .