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Than Merrill Review (2023 Updated): 10 Things You Need To Know!

By: JosiahDec 11, 2023Real Estate
Than Merrill Review (2023 Updated): 10 Things You Need To Know!

Than Merrill Reviews: Are The Seminars Worth It?

It’s another one of those making money online seminars that is centered around selling an experience that supposedly makes you money by renting out houses.

But hey, if you wanna jump into an EXPENSIVE market right before it crashes…

Don’t come crying to us when you lose THOUSANDS and your parents give you a hard time.

It’s supposed to show you how to become a 6-figure real estate mogul...but it’s truly out of reach for most people like you, constrained by budgets and student loans.

That’s just the won’t get rich by purchasing one property that only profits a couple hundred a month with loads of liabilities and bad tenants.

And while we have to be honest for this review…


This Than Merrill review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.


I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

Than Merrill is a real estate investing guru.

Like most real estate investing training gurus, you’ll likely be exposed to the “Big 3” investing types:

  • Flipping
  • Wholesaling
  • 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 Than Merrill 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 Leasing.

Digital Leasing takes all the best parts of real estate investing, while eliminating most of the headaches:

  • Low cashflow
  • Interest payments
  • Mortgages
  • High overhead
  • Expensive repairs and maintenance
  • Problematic tenants

And the best part?

Digital Leasing 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 Leasing.

TESTIMONIAL - Still Getting Paid

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 Than Merrill, keep reading.

What Is Than Merrill's Net Worth?

Among the very first things people want to find out when thinking about someone's investing advice is, "What is their net worth?"

And it is practical. Why listen to somebody if they are not earning much more than you?

Based on Merrill, he's made $300 million in the last three years, in addition to a total of one billion dollars since setting up his real estate profession, resulting in the following net worth figures:

  • $40M as of June 2014
  • $75M as of February 2017
  • $100M as of July 2020

Than Merrill's Net Worth

Merrill's original capital came through his period as an experienced football player in the NFL. He went on to produce a bestselling book & appear on prime-time TV from 2007 to 2009.

He made use of this money on real estate, which continues to be the main driver of his increasing net worth.

Remember, these figures were not confirmed by Merill or his associates. These are best estimates according to his published contracts as well as his known real estate portfolio.

Who Is Than Merrill Married To?

Nathaniel "Than" Merrill is 43 years old from Fresno, CA. He today resides in San Diego CA, with his wife, Cindy Philps, that he married in 2010. They have two children, Sky and Tyce.

than merrill reviews

Who Did Than Merrill Play For?

than merrill review

Before being a recognized figure in the real estate industry, Merill had good results in other fields (literally).

He graduated from Yale University, after which he was drafted to the NFL by the Tampa Bay Buccaneers to be football player in 2001.

In 2003, after actively playing for many teams in the European NFL division, he retired with a career-ending knee injury.

Many people would have given up with their life; Merrill showed strong will and persevered despite the injury that would defeat anybody else mentally.

How Than Merill Turned Into A Well-Known Figure In Real Estate Investing

After quickly realizing he would not be in a position to generate income from a professional sports career resulting from his knee injury, in 2004, along with Paul Esajian, Konrad Sopielnikow, & JD Esajian, Merrill established "CT Homes"—a real estate investment company.

than merrill seminar review

The Birth Of CT Homes

CT Homes have been noted for their well-planned methods, precisely performed procedures, and the way they could scale fast, maximize profits, and minimize risk.

CT Homes LLC

Than Merrill is the co-founder of CT Homes, LLC a non-commercial real estate development business founded in 2004 in New Haven, CT. In the last 15 years, the company has specialized in obtaining, developing, and re-selling distressed real estate. The business has acquired over 1,000+ properties since its inception. Throughout the years, the company currently has between 25 and 40 ongoing property development projects.

This lead to a relatively fast and substantial rise of Than.

These methods had been to later turn into the foundation of today Than's academic platform and mentoring program.

Now, CT Homes LLC is Than's residential real estate firm. They concentrate on redeveloping between 25-40 single-family and multi-family units at one time, and it is only the first of three businesses Than Merrill started.

Equity Street Capital

Equity Street Capital

The next business is "Equity Street Capital." They concentrate on obtaining apartment complexes, office properties, and retail shopping centers.

The third business, "Future Fortune Builders," involves what I pointed out previously, training and coaching with reliance on the method which worked out effectively for Than with CT Homes, he shows brand new aspiring property investors the basic principles, such as:

  • Financial literacy
  • Personal development
  • The fundamentals of property transactions and financial backing

Than Merrill offers its own commercial real estate investment business, Equity Street Capital. With this particular business, Than and his staff focus on getting income-producing commercial property all over the United States. Their commercial investments include apartment communities, office buildings, and retail properties. The organization is focused on achieving significant risk-adjusted returns while maximizing long-term capital appreciation. The company has acquired more than $300 million in commercial real estate in the previous two years alone.

Fortune Builders

fortune builders reviews

Than Merrill also created FortuneBuilders Inc., one of the biggest and the most trusted real estate educational businesses in the nation.

Merrill created FortuneBuilders with the idea of sharing his passion and knowledge for real estate with some other aspiring property investors.

FortuneBuilders works with people aiming to begin or expand their real estate investment businesses and wish to adhere to an established business model.

Fortune Builders was positioned 1st in 2010's education ranking and one of the most outstanding 5,000 companies in America in three years consecutively on Inc.

In addition, Than additionally began a real estate brokerage and property investment fund, "Grand Coast Capital," several years back.

Flip This House

than merrill seminars

To be a serial entrepreneur in the property area can allow you to be a well-known figure by its merits, but then, throughout 2007, came Merrills' biggest break, one which made him a TV personality.

Merrill was approached by A&E to become their new cast of the popular TV series "Flip This House." The show documented and followed Than and his business partner Paul as they flipped properties in San Diego, CA, and Haven, CT.

It was the first reality TV show of its type, and it had been wonderfully approved by the audience, leading Merrill to shoot three seasons.

After gaining his celeb status, Than traveled the nation while speaking and sharing the stage with the likes of:

  • Laura Bush
  • Sarah Palin
  • Donald Trump
  • Robert Kiyosaki
  • Tony Robbins

Lastly, Merrill is acknowledged for his two books, with each being bestsellers, and the first one became a bestseller in seven days.

  • 2014 - The Real Estate Wholesaling Bible
  • 2015 - The E-Myth Real Estate Investor

Equal Footing Foundation

Equal Footing Foundation

Merrill and his wife are also known to be philanthropists.

They began the "Equal Footing Foundation" - a non-profit organization focused on promoting and educating sports and health for youth. Additionally, Than initiated "FortuneBuilders Gives," a business department that offers students and members charitable donations.

Therefore, in a room filled with gurus, teachers, and successful business owners, Than Merrill stands out because of his extreme exposure through sports, TV exposure, business success, public speaking capabilities, and writing.

Than Merrill's Training: Is It Well Worth The Money?

Than Merrill's Training

Merrill's program has a couple of different offers:

2-hour Real Estate Class

This particular category is for both intermediates and beginners. It demonstrates to attendees the systems which were utilized to construct CT Homes, the basics of investing in real estate, and operating a small business.

What do they guarantee to provide in these two hours?

  • Flipping Houses - How you can start earning money by flipping homes in your local area
  • Income Producing Properties - You can get the best cash flowing properties that could give you earnings on a monthly schedule.
  • Meet and Network - Chat with other real estate experts locally purchasing & selling real estate.
  • Systems - How you can replicate the systems featured on the TV show "Flip This House" and the success it brings.
  • Investing - How to invest properly even if you get it done part-time.
  • What opportunities are going to be available in real estate during this COVID-19 crisis?
  • Certain ways to look for affordable properties consistently
  • What are the most effective sources of funding for real estate deals
  • What core real estate investment concepts work best in this real estate industry
  • How to protect some current investments you've got in real estate, along with other asset classes.
  • How you can produce cash flow from single-family rental properties, as well as commercial properties.
  • The most effective tools, techniques, and solutions to redevelop and flip qualities.
  • The easiest way to get going in real estate in case you do not have a great deal of capital yet.
  • Tax & Asset protection tactics each American needs to secure their financial future
  • Best investment techniques in case you would like to be a passive or active investor and optimize returns

Than Merrill Reviews

So what do attendees think about Than's three-day workshop?

Here is what one reviewer has to say:

review Than Merrill

Meanwhile, we realize your opinion relies primarily on two things. Your level of expertise in real estate before attending and how valuable $197 is to you.

For instance, see this particular review:

reviews Than Merrill

And this one:

Than Merrill bbb

Like with several other programs of this nature, it looks like individuals have different experiences dependent on their previous knowledge of the industry.

If you've got money to spare and almost no idea of property investing, you may find Than's seminars informative and rewarding.

If you know the basic principles and are searching for suggestions to attain a higher level in your investing, you may be disappointed.

Most people would firmly suggest you learn these simple factors from free online resources or books on real estate—before you're fast to invest cash on upsell pitches which may not be useful to you unless you are completely new to real estate.

Than Merrill is the co-founder of FortuneBuilders, Equity Street Capital, and CT Homes. Than Merrill has more than 15 years of professional expertise in the real estate investment and lending business.

He's the founder and principal in many real estate investment businesses and has been involved in more than $1 billion of property investments throughout that time frame.

Than has experience in many aspects of real estate investment, like marketing, investor relations, raising money, negotiations, appraisal, underwriting, sourcing, and business management.

Can You Make Money With Than Merill?

Yes. But it will require hard work and significant investment.

You can certainly make money with real estate investing, but if you're gonna put in the amount of grueling work to become a real estate investor (which, trust me, isn't easy), you might as well bring in some REAL money.

Is Than Merill A Scam?

Scam or Legit

So, is Than Merrill a scam? Not technically. You can make money with this program, but it’s definitely not as easy as He 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 Leasing.

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

TESTIMONIAL - Saying Goodbye To Our Jobs

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 Leasing.

Is Than Merill Legit?

Yes. Than Merill is legit. If you want to invest in real estate, he can help you get started.

But, when it comes to building a business, you have plenty of other options...

What Is Our Top Recommendation For Making Money Online In 2024?

Digital Leasing

The ScamRisk 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:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing 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 Leasing 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 Leasing, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.

TESTIMONIAL - Feeling Blessed

3) Little To No Startup Costs: It’s possible to get into Digital Leasing 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.

TESTIMONIAL - Scott Lead Gen

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 Leasing, 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.

TESTIMONIAL - Lance Lead Gen

6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Leasing, 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 Leasing 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 Than Merrill 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 Leasing.

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 Leasing.

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