Lifestyles Unlimited

By
Real Estate Agent with The Good Home Team with Keller Williams Realty TREC# 0549135
http://actvra.in/4qfT

Has anyone heard or is anyone apart of the Lifestyles Unlimited group?  It is a group for investors and they have a radio show that is actually pretty good and informative.  

 

Just wanting to know the feedback on this group and if it is worth the $740 member fee?  I know that there are some groups out there that will kick you out of the group if you have not done a deal in the first 6 months... I don't think this group does that but I don't know much else about them.

 

***UPDATE August 2012****

Thank you for all the great comments and posts left below.  Be sure to search for your DFW investments properties by going to http://activerain.searchdallashomesnow.com.  We've had several investors pick up $300+ monthly cash flowing properties in 2012!

Posted by

The Good Home Team

Keller Williams Realty

Nick Good- Broker Associate

Austin Good- Broker Associate/Investment Specialist

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Investors
Real Estate Investors
FIX AND FLIP IT
Tags:
texas
investment
investors
flip
houston
handyman
fix it
foreclosure
rentals
investment groups
dallas investment properties
lifestyles unlimited
luic

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Anonymous
joe wilson

Try RICH lub first -- they are chaeper and have more experienced investors - and thier own mentoring program..

www.richclub.org

Apr 11, 2013 01:15 AM #135
Anonymous
LoveRE

I also own real estate.  But then I came across LU and realized I was doing/buying it the WRONG WAY!  I joined and paid the 10k in June of 2012.  Ouch, that was a lot of money but it has been worth it.  I now am a passive investor in 344 apartment units and I'm not looking back.  The combo of my other real estate and the apartment units has retired me just like that.  My passive income now exceeds my monthly bills so guess what I don't have to do Monday?  That's right: go to work.  I will continue to work, however, because I want to buy more apartments.  For me, not having to work means I have more time to spend with my family, more time to spend on my health, and go back to doing the hobbies I used to do as a kid.  Real estate is probably one of the scariest things you can do with your money so I understand the hesitation.  Having a team like LU on your side will take much of that fear away.  So get educated and get some income producing property. 

Apr 21, 2013 01:29 PM #136
Anonymous
Timothy Joost

I very rarely take the time to post negative reviews about products/services. But in this case, I feel obliged to do so in order to warn others before they put down $10,000 of their hard-earned money.

I have been a "Preferred Investor Group"(PIG) member in San Antonio for a little bit over a year or so and have purchased 2 houses thru Lifestyles.

I choose to post with a psedo identity as it is not pragmatic to criticize a organization after paying a hefty sum in advance (which effectively precludes you from using services from other organizations).

I disagree with some of you who may claim that some of the below points are trivial. When you are being charged $10,000 a year, the service/product provided has to be top notch. I have paid less than $10k a year to other
organizations (not RE orgs) and have received far superior services/customer service.

- Reponses via email or phone from the realtors at LS is not of top notch quality. I have had to email/phone/leave voicemails repeatedly to get traction on deals that i have been interested in.
There have been numerous occasions when even a courtesy response was not provided to let me know that another member was already working on a house or the house was already under contract(and no, the Quest tool still indicated that the house was available for members).
It seems like the organization does not feel the need to send even a courtesy response if a property is no longer available for LS members . The exception to this experience has been Dennis M. He has been prompt and courteous and
goes the extra mile.

- Properties on the MLS are "tagged" by the realtors within LS. And a property can be tagged by only one realtor. And once a property has been tagged, you HAVE to work with the realtor who tagged it and not with any other realtor
within LS. This shifts incentive for the realtors within LS from providing good service and bagging repeat business to just be agressive in tagging properties.
This is in stark contrast to the vendors who are not allowed to tag properties and thus always have an incentive to provide good service and gain repeat business.Remember you have already paid $10k, so you are going to work with the realtors within LS rather than external realtors.

- LS uses a catch phrase "Real Estate is Easy, People are difficult" implying that RE is easy, you just need to be able to deal with various temperaments of various people involved in the sealing of a deal. Yet the San Antonio office has only 1 Single Family Mentor, Jim V. If for any reason, you and him are not on the same wavelenth, you can be rest assured, you will have to really really go the extra mile to ensure all the i's are dotted and t's are crossed during the various phases of a deal. He does not have any incentive to proactively ensure your deal is succesfull. $10k/year definitely should earn you multiple mentors(with a reasonable level of proactiveness to return phone calls/emails and ensure that you are not forgetting to dot the i's and cross the t's that you are unaware of) to work with.

May 03, 2013 10:10 PM #137
Anonymous
New Member 2013

I joined Lifestyles in July 2013 and went to to the two day seminar in August 2013. Yes it does cost $500 dollars to become a member at its basic level. There are different levels that cost different amounts. The next level of membership costs $6,000 and you get mentoring, and they are supposed to "hold your hand" through the deals, help you negotiate, find contractors, etc. The next and highest level costs $15,000($12,000 if you sign up that day). That level deals with multi-family housing deals.

I am a basic member, but I think for $500 it is pretty good for the information that you learn. They provide a list of vendors, contractors, etc, to help you get started. You can choose to use them or get your own. It's up to you. The things they talk about were eye-opening(for me) in regards to how to get the property rented quickly, tax exchanges, etc. They talked about a multitude of other things as well, but are are too many to list here.

I think this is a place for someone who wants to get into real estate but doesn't know where to start. I think at the $500 level you learn alot of information that would save you thousands of dollars in the future. I am still deciding on whether to pay and move to a higher level.

As with anything, stocks, real estate, mutal funds, IRA's, etc, there will be risks and potholes along the way. He does tell people to take their money out of 401k's and he explains why. It's up to you if you want to do it or not.

I understand that everyone may not have $500 dollars to spend. I actually went to a Free meeting on a Saturday and then another Free meeting on a Tuesday, and they still give some helpful tips that will probably save you money and help you get started.

I hope this helps. If you have any questions, I wil do my best to help out.

 

Aug 12, 2013 11:29 AM #138
Anonymous
Norman

We've owned rental real estate for about 20 years now, but stagnated over the past several years. We had enough passive income to get by, but not enough to really live life well. We let a decent life get in the way of living a great life!

I started listening to the Lifestyles Unlimited radio shows during a trip in November 2012. What they said really hit home and motivated my family to get started again. We paid the $500 and joined in order to get the hand holding and online training.

I got exactly what was advertised. Yes, there is a multi-family level of membership that costs A LOT more, but I chose not to join at that level just YET. Does this club have multiple income streams? Probably, but they deliver a service that I believe is VERY valuable to those that can and will take advantage of it.

We live out of state, so we can't take full advantage of all membership benefits, but their enthusiasm and knowledge have rubbed off on us, and we've added 10 rental units and $5,000 per month to our income (after expenses!!) between December 2012 and April 2013. COULD we have done this without paying the membership? Absolutely, but without Lifestyles Unlimited and their abundance philosophy we WOULD NOT have the success we're currently celebrating.

Is owning rental real estate for everyone? I hope not... I still have one vacancy!! And I do plan to jump up to apartments soon! Lifestyles will be there every step of the way,

NH
Ohio

Aug 13, 2013 07:02 AM #139
Anonymous
jukyankles
LoveRE: I'm debating joining the PIG. Before I do, Im trying to gain an understanding of the process. I also want to be a passive investor in apartment units in DFW. Can you walk me through your experience from the day you signed up for the PIG to the day you became a part owner in 344 units?
Mar 05, 2014 10:52 AM #140
Anonymous
LoveRE
Jukyankles: First of all, I don't live in Texas. I learned about LU through the web after listening to hours and hours of the podcast. That alone led me to sign up for the PIG membership. I spent the next 4-5 months watching the over 200 hours of online videos. But I wasn't going anywhere with my investments until I took a week trip to Houston. During that time I attended the 2 day seminar taught by Del Walmsley (awesome), went to a MF road trip (only PIGs are allowed) and went to a case study in San Antonio. A month later I went to Dallas for another Multifamily road trip and met with some of the lenders that work with LU. The most valuable experience for me has been attending the MF road trips. They are usually attended by members interested in being passive investors and by members who are lead investors and may be looking for passive investors to get involved in the "next" deal. I had 300k sitting in a CD so in very little time I jumped into 3 deals and started networking with other lead investors as well. In my opinion, as long as you have money to invest, you will find more than enough deals. I'm speaking about MF here. I think single family investing is more challenging (finding deals that is). If you have the money (100k or more) don't bother with SFH and go straight to MF. It is way easier! You do have to do your due diligence on your lead investor and make sure you're familiar with the operating agreement which is a document explaining how the deal is structured. I'm in 5 deals so far and we had to remove the lead investor in one of the deals. He looked great on paper and seemed to have plenty of experience to do the job. It was a little hairy as the bank was breathing down our backs but we did it and now our investment is back on course. So yes, bad things can/do happen but most problems can be fixed. Hope this was enough detail for you. Good luck!
Mar 05, 2014 02:16 PM #141
Anonymous
Brandon
How beneficial the group is, depends on how much YOU utilize the information and assistance they offer. I've seen many people join at the $500 FFP level who did absolutely NOTHING with their membership after the 2 day seminar. For them, I would say it was most likely a waste of money. I've seen others learn from it and take what they've learned and wisely invest in real estate; buying over 20 houses or several money making apartment complexes… and for them it was probably a VERY wise investment! I've also known members who invested at the "Challenge" level. This level is for people who only want to invest in single family residential investments at this time. The membership dues are less than the PIG (Preferred Investors Group) level by about half and I believe is the most beneficial membership level for new members wanting to start out. When you join at the Challenge level, you not only get access to the experienced mentors, team of vendors, 2 day seminar course, local property bus trips, etc. but you also have the investor friendly agents that work for Lifestyles Realty finding investment properties for you. From this point, not only do they write the offers and negotiate on behalf of the member, line up the inspection, but also helped teach the members how to safeguard themselves through the entire investing process. Getting the inspection done, written estimates for repair - rerun the numbers, desktop appraisals - rerun the numbers, hard or private money lenders, refinance into long term 4% loans, locating tenants, all of this can become overwhelming for new people and they are always there for their members. They not only help the members obtain the properties, but they are always there for the members after the sale to help them make sure they did not over-improve the properties, and keep them in the right mindset. Now, someone posted that they would take the money Lifestyles charges and put it into a property, after finding some "hungry" Realtor to work with. Here I can tell you that I brought other regular RE agents to the "case study nights" and I always heard the same thing "I don't even know what they're talking about" and "this sounds like way too much work". The truth is most outside RE agents do not understand the investor math, let alone working with a hard money or private money lender who will lend up to 70-80% of the ARV. Ask most outside agents how much it will take to make a property "rent ready" and they'll throw a number out at you based on nothing!!! Most outside agents simply do not have the proper investor training. Real estate investing is NOT something they are taught to get their license, so if that's the route you choose to take be prepared to have to teach your agent the math, that the comps on the property need to be for after repaired value, and good luck getting them to understand hard money at all. LU has the top real estate investor friendly agents that I've ever seen! They will blow you away. Another plus, if you want to call it that, of working with the Lifestyles agents is that they have worked with ALL the vendors on the vendor list and can help point you to the right one for the job. Overall, speaking as a current member, my recommendations are: 1. If you fully plan to invest in multi-family (apartments) properties within the next 1-2 years, but want single family properties now (and be VERY realistic in your time frames), figure you will have 10 properties within the next two years, then join at the PIG level. 2. If you eventually plan to invest in multi-family properties, but want to invest in single family residential properties now, want QUALITY RE agents who know how to evaluate and find goof deals and help safeguard your interests through the process. Then I recommend the Challenge membership. 3. If you are certain you know how to run the numbers youself, are good at estimating repair costs to a property yourself, have an agent who understands hard money (and really test them on this prior to letting them write an offer for you), and can build a spreadsheet to evaluate properties, then go with the FFP level. I hope this helps!
Mar 08, 2014 12:32 AM #142
Anonymous
Rick

I have been listening to Lifestyles Unlimited lately. I have a friend in Texas that has been doing very well with them. I may pay the $500 just to get additional education. I have personally been buying properties through Platinum Properties, located in Orange County, CA. I own rentals in several states. Refer to www.jasonhartman.com. Jason Hartman has an excellent podcast and he gives away most of his education for free. They help people buy properties in markets that make sense (like all the Texas Markets that Lifestyles Unlimited invest in). Platinum makes their money by getting a cut out of each property sold. They are basically brokers that give away excellent education so they can sell lots of houses to you. There is no fee (unless you want to hire Jason Hartman for consulting). The difference that I see between Platinum and LifeStyles Unlimited are:

LifeStyles - More focus on buying below market properties. Education costs $500, $5000 for Single family home investment consulting, $10,000 for Apartment investing consulting, limited to Texas markets. They do both SFH's and Apartment buildings.

Platinum - Most education is free (you can pay small fee for seminars and property tours), they sell you houses in markets that make sense and help you line up property managers and financing, I have found you typically pay market value or slightly more because they work a lot with rehab companies and then get a cut of the sale. Platinum really focuses on single family homes, not too much with apts.

So it seems you can pay for education up front through Lifestyles and learn how to get a good deal on a property and do some rehab, OR you can get free education through Platinum up front and probably pay a little more for the house. (Pay now or pay later). No matter which company you use, you should be able to get a good cash flowing property.

Aug 20, 2014 02:51 PM #143
Anonymous
LoveRE

Rick: I checked out Jason's website. I looked at one of the homes sold in Houston. The ROI is reported to be 27%. However, that includes equity appreciation, one of the weakest reasons to invest in RE, and no equity capture occurs in the purchase of the home (as you stated). The cash on cash return is more like 5%. The LU deals that I've seen (at least one hundred) usually have a cash on cash return of 30-40%! When you add in the equity capture, appreciation, and tax benefits the returns are usually closer to 100%. The bottom line is: the monthly cash flow per home in the LU system is about $400/mo which is why they say, "buy 10 homes and have $4000 per month to pay your bills." I think you'd have to buy 3 times as many homes with Jason's system to get the same amount of cash flow. That's a lot of extra down payment money!

Aug 21, 2014 06:24 AM #144
Anonymous
Dan Jordan

Im a member and have found it very worthwhile, got FAR more than $500 in value. I view it as inexpensive insurance to avoid making an expensive mistake. Unlike other classes (Rich Dad) that give you 2‰ information and 98% sales pitch for other over priced classes, Del provides pragmatic, "here's how you do it" guidance. i have one property and am actively looking for more. Im a fan.

Mar 07, 2015 09:36 AM #145
Anonymous
GS

I dont know why folks are saying that the FFP membership is $500. I have been a member there for 2 years and I've only had to pay $250 each year, as I recall. Maybe the $500 was for 2 years of membership?

As for the membership itself. If you're in TX area, I'd say it's worth it. If nothing else, you get a list of good contractors. With reputation being so important (word of mouth travels fast!), you can almost think of it as kind of like an Angie's List. Yes, you can google contractors left and right but this list does make it very easy. My 2c on that one.

As for the $9K (Challenge) and $18K (PIG). Those are one time fees, NOT annual. The following annual on those are $1K and $2K respectively. Basically like $80/mo and $160/mo if you think about it. But the big checks that folks are talking about in this thread, that's only for the first year. I am not a member of either so cannot attest to it. But I imagine, like everything else, you get out of it what you put into it in terms of engagement and effort.

Apr 08, 2016 02:33 PM #146
Anonymous
Absyar

Ruang keluarga adalah jual sofa bagus bandung yang ada di dalam rumah Anda. Ruang keluarga menjadi salah satu tempat service sofa antapani bandung diwaktu senggang, biasanya di toko sofa murah bandung atau waktu libur. Kehangatan dan kebersamaan keluarga merupakan sofa unik murah bandung bagi Anda yang tidak dapat ditukar oleh apapun. Untuk melengkapi harga sofa bandung itu sebaiknya Anda menghadirkan suasana yang nyaman untuk ruang keluarga.

Jadikan hunian rumah Anda menjadi hunian yang paling cantik, bikin mebel bandung, dan nyaman untuk Anda dan orang-orang tercinta Anda. Di ruang itu seluruh anggota keluarga bisa melakukan sosialisasi, jasa pembuatan booth makanan bandung, sambil makan, nonton TV, dan lain-lain. Pendeknya berinteraksi dalam suasana santai. Fungsi sebagai harga sofa minimalis murah di bandung itu tentu saja mempengaruhi konsep desain pada rumah-rumah di perkotaan. Bisa juga sambil makan sambal ikan roa manado serta cek2 harga gendongan bayi hanaroo babywrap dan juga ada mebel murah bandung.

Nov 14, 2017 07:01 PM #148
Anonymous
dedi galih wisnumurti

Nice post. I learn something more challenging on distinct blogs everyday. It will always be stimulating to read content off their writers and practice a little something from their store. I’d choose to use some with all the content in my small weblog whether you do not mind. Natually I’ll provide a link on your own internet weblog. Many thanks sharing.
1. Jasa SEO
2. Google SEO
3. Pembuatan Website
4. Google Adwords
5. SEO
6. Website
7. Sewa Villa di Puncak
8. Villa di Puncak
Jasa SEO
Google Adwords
Pembuatan Website

Nov 22, 2017 02:25 AM #149
Rainer
1,515
dedi galih wisnumurti
Anonymous
bondan

jasa pembuatan website surabaya
jasa pembuatan website
jasa pembuatan website di surabaya
jasa pembuatan website profesional surabaya

Dec 06, 2017 07:07 AM #151
Anonymous
bondan

jasa pembuatan website surabaya

jasa pembuatan website

jasa pembuatan website profesional surabaya

Dec 06, 2017 07:09 AM #152
Anonymous
bondan

jasa pembuatan website surabaya
jasa pembuatan website
jasa pembuatan website di surabaya
jasa pembuatan website profesional surabaya

Dec 06, 2017 07:13 AM #153
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
219,199

Nick Good

www.TheGoodHomeTeam.com
Sell Your Home For Top Dollar in 42 Days or Less GUARANTEED!
*
*
*
*
Spam prevention

Additional Information