Multifamily Mindset Review (2023): Scam or Legit?

If you’ve ever considered delving into the world of real estate investment, you might have come across Multifamily Mindset—a course claiming to provide specialized training in multifamily property acquisition and sales. But what exactly is Multifamily Mindset, and who are the minds behind it? Can this course genuinely help you make money in the competitive real estate market? 

In this review, we’ll dive deep into Multifamily Mindset, explore its pros and cons, and ultimately determine if it’s the right fit for you.

What is Multifamily Mindset?

Founded in 2020 and headquartered in Clermont, Florida, Multifamily Mindset is a real estate investment course that focuses exclusively on multifamily property acquisition and sales. Their mission is to equip both new and experienced investors with the knowledge and support needed to excel in the multifamily real estate market. 

With an active presence on social media platforms like Instagram, where they boast a following of 25.4K, and a podcast called “The Growthcast” available on Spotify and Apple, they seem to be making efforts to reach and engage with their audience.

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Who Created Multifamily Mindset?

The brains behind Multifamily Mindset are Tyler Deveraux and Ryan Woolley.

Tyler, a real estate investor with an impressive track record, claims to have control over a portfolio of 2,500 apartment units in six different states, with a combined value exceeding $250 million. He co-founded Multifamily Mindset to share his knowledge and experience with aspiring investors.

Ryan Woolley, a managing partner of MF Capital Partners, also brings his expertise to the table as a co-founder of the course.

How Does Multifamily Mindset Help You Make Money?

Multifamily Mindset aims to guide students through the multifamily real estate investment process, offering a step-by-step system to identify, acquire, and manage multifamily properties successfully. The course covers various aspects of real estate investment, providing comprehensive education on multifamily properties while also including general real estate investment information.

Students start their journey by signing up for a free live event, which serves as a training seminar. Upon registration, they receive a “free masterclass guidebook” shipped to their address. The event itself provides an overview of multifamily real estate investment, focusing on the system, capital/funding, and connections needed for success.

For those interested in taking their education further, Multifamily Mindset offers a 3-day seminar. Although advertised as “free,” this seminar actually costs $997 for attendees and their plus one. However, it does come with a $300 travel voucher and the promise of a reimbursement if the student successfully completes a deal within six months of training.

The 3-day seminar is designed to cover foundational content, income and expenses, and finding deals. Topics range from multifamily acquisition processes and operational histories to creating direct mail campaigns and financial due diligence. The course aims to equip students with the tools and knowledge necessary to navigate the multifamily real estate market confidently.

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Who is the Multifamily Mindset Course For?

Multifamily Mindset claims to cater to three primary groups of individuals:

• Beginners: The course is marketed towards newcomers in the real estate business. However, the high price point may deter beginners with limited capital from enrolling.
• Experienced Investors: Established real estate investors seeking to expand their business into multifamily properties may find value in the specialized training provided by Multifamily Mindset.
• Current Multifamily Investors: Existing multifamily real estate investors who desire additional training and guidance can potentially benefit from the course’s insights.

How Much Does Multifamily Mindset Cost?

When considering any educational program, one of the most crucial factors is the cost. Multifamily Mindset offers various packages with different price points. The cheapest starter package is priced at around $8,000, which already places it as one of the more expensive real estate courses in the market.

However, the program’s sales strategy doesn’t end there. Multifamily Mindset heavily promotes its premium mentorship program, which comes with a staggering price tag of $38,997. While this premium program may offer additional benefits and more personalized guidance, the significant financial commitment may be a deterrent for many potential students, especially beginners.

Are Students of Multifamily Mindset Getting Results?

One crucial aspect of any course’s credibility lies in the success stories of its students. Unfortunately, concrete success stories from Multifamily Mindset students are hard to come by. Reviews on their website appear to be similar to those found on their Facebook account, raising doubts about their authenticity.

However, some criticisms and negative experiences have surfaced. For instance, a certain Zach Harsh, claiming to be a student of the course, shared a detailed review of his experiences. He highlighted concerns about the course’s high-pressure sales tactics, promising big returns without delivering on them, and a lack of genuine interest in helping students succeed.

Source

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Is Multifamily Mindset a Scam?

While we cannot definitively label Multifamily Mindset as a scam, there have been significant criticisms and concerns raised about the program’s practices and effectiveness. One particular incident involving a student named Zach Harsh shed light on some questionable practices within the course.

Zach’s detailed review outlined several issues, including the high-pressure sales tactics used during the three-day presentation, pushing attendees to find ways to pay for the course, including withdrawing from their 401k and incurring tax penalties.

Other students also reported instances where Ryan and Tyler backed out of sponsoring deals or made commitments they later reneged on, leading to potential financial losses for the students involved.

While Tyler addressed some of these concerns in a response to Zach’s review, the criticisms raise questions about the program’s integrity and true motivations. It’s essential for potential students to consider these criticisms and conduct further research before investing in the course.

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Praises About Multifamily Mindset

• Specialized Training: Multifamily Mindset offers specialized education focused solely on multifamily property acquisition and sales, catering to investors interested in this niche.
• Experienced Founders: The course is led by Tyler Deveraux and Ryan Woolley, both with significant experience in the real estate industry, particularly in multifamily properties, offering valuable insights.
• Comprehensive Curriculum: The course covers various aspects of real estate investment, providing a comprehensive understanding of multifamily properties and general investment knowledge.
• For Different Experience Levels: The course is designed to benefit beginners, experienced investors looking to expand into multifamily, and current multifamily investors seeking further guidance.
• Positive Testimonials: Some students have reported positive experiences and success applying the knowledge gained from Multifamily Mindset.

Criticisms About Multifamily Mindset

• High Cost: The course’s price point may be prohibitive for some aspiring investors, with the starter package costing around $8,000 and the premium mentorship program priced at $38,997.
• Limited Success Stories: There is a lack of verifiable success stories from students, which may raise doubts about the course’s effectiveness.
• Negative Reviews: Some students have expressed concerns about high-pressure sales tactics, unmet promises, and a perceived lack of genuine interest in helping students succeed.
• Questionable Claims: Allegations of promises of significant returns without concrete evidence may be cause for caution.
• Limited Transparency: Some students have reported issues with transparency, making it challenging to assess the course’s value accurately.

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Should You Join Multifamily Mindset?

Deciding whether to join Multifamily Mindset is a significant decision that requires careful consideration. While the program offers specialized training in multifamily real estate investment and is led by experienced industry professionals, the high cost of the course and the lack of concrete success stories may give potential students pause.

It’s essential to weigh the potential benefits of the program against the financial commitment required and to conduct thorough research on independent sources to gauge the program’s effectiveness.

Furthermore, it’s essential to recognize that success in real estate investment, particularly in multifamily properties, is not guaranteed by any course. It requires dedication, hard work, and a sound investment strategy.

Before enrolling in Multifamily Mindset or any other real estate course, take the time to assess your own financial situation, goals, and risk tolerance. Seek advice from other successful investors, and consider alternatives that may offer similar training at a more reasonable cost.

Ultimately, success in multifamily real estate investment depends on your ability to apply the knowledge and skills learned from any educational program and your dedication to building a successful real estate portfolio. Choose wisely and proceed with caution on your journey to financial success in the real estate market.

 

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