Multi Family Mindset Review: Introduction
Today’s real estate investors have no better tool than a solid education to help them succeed. A solid grounding in the fundamentals of real estate is priceless.
Real estate education, however, might be the single most transforming “event” an investor encounters during their career if it’s done well.
There is no limit to what a genuinely excellent education may do in the hands of a motivated and conscientious person. Consequently, it is reasonable to assume that you are not an exception to this generalization. When you have a good education for beginners, there’s no reason why you shouldn’t be able to make money on a bigger scale.
There is a real estate education company called Multifamily Mindset that focuses on multifamily properties. It claims that they could help you reach your full potential as a real estate investor in multifamily properties.
Is Multifamily Mindset worth joining? This article will look into the claims of Multifamily Mindset to see if it’s worth it at all.
Now before I get too deep:
This Multi Family Mindset review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Pros: What I Liked
- Good source of training for beginners on multifamily real estate
Cons: What I Didn't Like
- Very unrealistic sales pitch
- Rumors of being self-serving owners
Table of Contents
Multi Family Mindset is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Multi Family Mindset review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Multi Family Mindset, keep reading.
What Is A Multi-family Complex?
Any multi-dwelling structure or set of buildings with five or more dwelling units on a single tax lot, such as apartments, condos, or mobile home parks, is referred to as a multifamily complex or multifamily real estate. Additionally, multifamily real estate includes certified or licensed residential care facilities such as adult foster care homes or group homes.
Multifamily vs Single-Family
Rental properties have historically provided good returns, minimal volatility, and continuous passive income.
Because there are so many moving parts, it might be intimidating if you’re just starting out on your journey.
For example, determining which property types are most suited to your business capabilities might be difficult. Perhaps you’re thinking between flipping homes and buy-and-hold real estate investment, commercial vs residential, or single-family versus multifamily property investing.
When you’re looking at your options, think about things like the property’s return on investment (ROI), how you’ll pay for it, and how feasible it is to build your team.
Both single-family homes and multi-family rentals are excellent options, but there are several factors to consider before jumping in.
Why Is MultiFamily Better?
The rental income for a multifamily property is often higher than the rental income for a single-family property when you compare the two.
When you think about it, multi-family homes have more housing units compared to one for a single-family home. In other words, you could fill a multi-family investment property with more tenants, which would make it more likely that someone would live there and give you rental income.
Investors may often earn more as a result of the extra units while minimizing risk by spreading revenue sources over several units. You can still have tenants pay for some of the costs even if it’s not fully occupied. However, with single-family property, you suffer negative cash flow when it’s empty.
That means taking money from your emergency fund to clean, renovate, and advertise the property so it can be used again. Keep in mind, though, that single-family property usually costs less than multifamily, and this affects how much you need to put as a downpayment.
What Is Multifamily Mindset Company?
The Multifamily Mindset is a relatively brand new education company that has taught thousands of new and seasoned property investors how to buy multi-family homes, keep a positive growth mindset, and live a wealthy, fulfilling life.
Who Is Tyler Devereaux?
Tyler Deveraux is the managing partner of MF Capital Partners, a privately-owned multifamily investment firm, and has been involved in property investments for over 14 years. At the age of 21, he purchased his first student rental home, rapidly saw the industry’s potential, and has never looked back.
Tyler now owns approximately 1,500 apartment properties in five separate states, with a combined worth of more than $100 million.
Tyler is also the CEO and Co-Founder of The Multifamily Mindset.
188 Unit Deal in Columbia, South Carolina
A negative review from a certain Zach Harsh has appeared on several websites. He claimed to be a Multi Family Mindset student 5 months ago. Here is his story:
With a high-pressure sales presentation, Multifamily Mindset has made several promises that they haven’t fulfilled and created a very unrealistic picture. Their key selling point is that they will educate you on how to increase your industry average acquisition fee.
During the high-pressure sales presentation, they push people to find ways to pay for their $35-40k program. They persuaded them that a 401k is useless, urged them to withdraw and pay the tax penalty since this program would transform their lives.
Things like this should never be a part of an educational program, let alone a program run by self-serving owners with exaggerated credentials who don’t have our own best interest at heart.
A lot of Multifamily Mindset students have been left out of multifamily deals that their coaches are involved in. They have agreed to sponsor multifamily deals with students and then pulled out, inflicting considerable losses to their students.
Some students say one of the founders, Ryan Woolley, has slandered his students to brokers. These students were so enraged they broke their contract with Multifamily Mindset to avoid Ryan and Tyler.
Zach Harsh was thrilled to join up as their first student in the fall of 2020. He chatted with Ryan a lot and he stated they would make multifamily deals with him, sponsor him, and most importantly assist him to obtain his first deal.
He intended to join in early to grow with their brand new education company, but after seeing how they work, he concluded it wasn’t what he wanted. It was instantly clear that they were more concerned about collecting the $35-40,000 fees than genuinely assisting their students.
None of the students he’s talked to who are now teaming with Ryan and Tyler on multifamily deals are satisfied with them and believe Ryan and Tyler solely care about their personal success.
Zach discovered a 188-unit deal in Columbia, South Carolina, and Ryan had previously underwritten it, but he overlooked the fact that the T 12 only had 11 months left instead of 12, so Zach caught it, and Multi Family Mindset’s internal underwriter fell in love with the deal.
Zach’s partner messaged Ryan and he suggested putting in the LOI and giving them pricing.
It took 4-5 days for them to make time to meet with Zach, and then they told him that they had to set up another meeting in another 4-5 days to get Tyler on the phone and try to get them to sponsor their deal. By the time Zach did that, someone else had already won the deal.
Zach’s disappointment was soon followed by another student contacting him to say that Ryan and Tyler had committed to sponsoring them four times but then backed out, leading them to lose earnest money on each occasion.
At the same time, another student who had completed the training with Zach discovered a deal and had Zach’s partner assist him in underwriting it.
He claimed he would get him on to the deal, but Zach found out later that they were given the contract but MF Capital, Ryan Woolley, and Tyler’s firm grabbed too much of the pie for them to let Zach in. Zach still felt lucky not to be a part of it.
He’s heard the students have already put roughly $200k into the deal. Issues continue and the students asked MF Capital for assistance with the additional $50,000 required by the lender. The student was enraged when they said no.
There was a time when one of their Multifamily Mindset coaches said that he was going to quit, but the student was able to get through to Tyler and they worked it out. It’s been a fiasco and if it doesn’t close the students will lose hundreds of thousands of dollars.
Zach continued to work with the former students who had lost their earnest money when Ryan and Tyler money dropped out. And one night, they called to tell Zach that one of her connections had collaborated on a venture with Ryan and Tyler, but they had to sell their stake in it since MF Capital was no longer permitted to conduct business in Texas.
This lady then phoned Zach’s partner claiming that Zach’s Multi family Mindset coach had called her, attempting to “squeeze into a deal we were doing, questioning how much value Zach truly contributes, and trying to encourage her to remove people from the deal”. She was furious with Zach’s Multifamily Mindset coach. Zach got the idea he was attempting to drive him out so he could go in and receive a higher percentage.
After a month, Zach found out that his Multi Family Mindset coach had a new arrangement with the two previous students they had collaborated with on this deal. So Zach phoned his coach, who became enraged and threatened to record the conversation and bring his attorneys after Zach if he mentioned his name.
Ryan and Tyler appear unwilling to help students and make multifamily deals with them. But their coaches can’t or won’t sponsor multifamily deals either.
It seems Ryan and Tyler started out with their students’ own best interests at heart, but they realized how much money they could make from tuition and made a lot of promises they didn’t keep.
Can A Multi Family Mindset Student Make Money In This Real Estate Investors Education?
Yes, You can!
There’s a lot that comes along with real estate that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with real estate, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
Is Multifamily Mindset Legitimate Or Is It A Scam?
So, is Multi Family Mindset a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Tyler Deveraux makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Multifamily Mindset Review: Conclusion
The general consensus of those who have attended their classes in the past agrees that Tyler and his crew provide a lot of value, that it is fun, and that it is valuable.
Keep in mind, we don’t get paid to promote any of the programs we review. We personally think real estate is a great business model, but you could end up leaving way too much money on the table.
Are There Alternatives To Multi Family Mindset
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is Our Top Recommendation For Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Multi Family Mindset which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate