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MultiFamily Mindset Review (2022): Best Real Estate Investing Method Ever?

By: Hope
By: Hope
Multi Family Mindset Review

Disclaimer:

This MultiFamily 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.

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for MultiFamily Mindset

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the type of business MultiFamily Mindset is teaching you to do.
I have absolutely no relationship with MultiFamily Mindset, so you can rest easy knowing that I’m going to give you my honest opinion
This review is written based on my own experiences with this business model.

All that being said, let’s jump into things.

A strong education is the best tool for success for real estate investors today. Having a strong foundation in the fundamentals of real estate is very important.

However, if real estate education is done correctly, it may be the one “moment” that has the greatest potential to change an investor’s life.

There’s no limit to what a genuinely excellent education may do in the hands of a motivated and conscientious person. Consequently, it’s 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.

A real estate education company called Multifamily Mindset 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:

Multi Family Mindset is a course that teaches you about real estate investing.

If you’ve read my other articles on real estate investing, you’ll know there are 3 primary ways to invest:

Wholesaling, buy-and-hold, and flipping.

While each has pros and cons, there is a ton of potential for success in investing in real estate.

Real estate has created some of the largest fortunes in world history.

That being said, you should take some time to seriously think about something:

Is now the best time for YOU to get into real estate investing?

Because despite the potential upside, investing in properties or land takes a lot of capital, and is very labor intensive.

That means if you:

  1. Have less than 3 hours per day, OR
  2. Aren’t sitting on $20K+ in disposable income

This may not be the best time for you to start investing in physical real estate.

Don’t get me wrong, real estate investing can be an amazing way to protect your assets while generating cash – but there’s a time and a place for it.

But there’s good news!

All you need is a system to generate the cash (& free time) you need to be ready for real estate investing.

My preferred method of getting there is by becoming a Digital Landlord

It takes the benefits of real estate investing, but removes many of the barriers (& annoyances), like:

  • Small cash flow on properties
  • Having to take out debt
  • Dealing with repairs and upkeep
  • Dealing with tenants

The cool part is that the income is mostly recurring (AKA semi-passive).

You could make anywhere from $2,000-$10,000+ per month doing it.

You can build it as big (or small) as you feel like, without the annoyances I listed above.

If that sounds interesting, you might want to think about becoming a Digital Landlord.

Then, you can take the profits and start investing in physical real estate a year or two from now.

If you wanna see what Multi Family Mindset looks like on the inside, keep reading.

What Is A Multi-Family Complex?

What Is MultiFamily complex

A multifamily complex or multifamily real estate is any multi-dwelling building or group of structures with five or more dwelling units on a single tax lot, like apartments, condos, or mobile home parks. Also, certified or licensed residential care institutions like adult foster care homes or group homes are included in multifamily real estate.

Multifamily Vs. Single-Family

Multifamily Vs Singlefamily

In the past, rental properties have delivered good returns, little volatility, and steady passive income.

All the moving elements may seem overwhelming if you’re just getting started.

For instance, deciding which property types best suit your business skills could be challenging. Maybe you’re contemplating between buying and holding and flipping houses, residential vs. commercial, or single-family vs. multifamily real estate.

When looking at your options, think about the property’s return on investment (ROI), how you’ll pay for it, and how feasible it is to build your team.

Single-family homes and multi-family rentals are excellent options, but there are several factors to consider before jumping in.

Why Is MultiFamily Better?

Why Multifamily Real Estate Investments Are Better

Compared to single-family homes, multifamily properties frequently generate more money in rent.

One obvious difference between a single-family home and a multi-family home is the number of housing units. In other words, you might rent out additional units at a multi-family investment property, increasing the likelihood of someone living there and paying you rent.

Investors may often earn more due to 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 you can use it again. Remember, though, that single-family property usually costs less than multifamily, which affects how much you need to put in as a down payment.

What Is Multifamily Mindset Company?

What Is Multifamily Mindset

The Multifamily Mindset is a pretty recent education company that has educated thousands of new and experienced property investors on purchasing multifamily homes, maintaining a positive growth mindset, and living a prosperous and meaningful life.

Who Is Tyler Devereaux?

Tyler Devereaux

With over 14 years of experience in real estate investing, Tyler Deveraux is the managing partner of privately held multifamily investment company MF Capital Partners. He bought his first rental property for students when he was 21. So he was very pleased upon seeing the industry’s potential.

Tyler currently owns over 1,500 apartment buildings worth more than $100 million in five different states.

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 they haven’t fulfilled and created a very unrealistic picture. Their key selling point is that they will educate you on increasing 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 and 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 best interests 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 on 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 stated they would make multifamily deals with him, sponsor him, and, most importantly, assist him in getting his real estate deals.

He intended to join 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 success.

Zach discovered a 188-unit deal in Columbia, South Carolina, and Ryan had previously underwritten it. Still, 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 meet with Zach, and then they told him 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 continued, 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 he would quit, but the student was able to get through to Tyler, and they worked it out. It’s been a fiasco, and the students will lose hundreds of thousands of dollars if it doesn’t close.

Zach continued to work with the former students who had lost their earnest money when Ryan and Tyler’s 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 discovered 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?

Can You Make Money With Multi Family Mindset

Yes, you can!

But…

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 me, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.

Multifamily Mindset Review: Conclusion

Conclusion

People who have taken Tyler and his team’s classes generally agree that they are very beneficial, enjoyable, and valuable.

However, there are several options out there when it comes to starting a business. You have much better options than Multifamily Mindset, even if you’re all set on being a real estate investor.

Remember that I don’t get paid to promote any of the programs I review. I 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?

Are There Alternatives

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:

Is Multifamily Mindset Legit Or A Scam?

Is It A Scam

So, time for the $1,000,000 question – is Multifamily Mindset a scam?

No, not technically. You can 100% make money with this program, though it’s not nearly as simple as they make it seem.

As with most businesses, there is A LOT of work to be done upfront & no guarantee of you being successful.

Not to mention the profit margins are typically pretty small.

Don’t get me wrong, I’m a big proponent of front-loading work now, so you can reap the rewards later.

But if I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.

I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).

And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).

Unlike physical real estate, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.

All you need is an internet connection.

Some of my friends are Digital Landlords that run their 6-figure businesses from:

  • Camping trips at national parks
  • Beachfront in Hawaii
  • On the road in a camper van (with a pet pig!)

They focus on living an enjoyable life first, and focus on income second. All thanks to this program

They can take weeks or months off, and money keeps rolling in.

Living happily is the top priority.

If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!

What Is My Top Recommendation For Making Money Online In 2022?

My Top Recommendation For Making Money Online

I’ve personally tried all of the major online business models:

  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.

That being said, my #1 recommendation for making real money online as a beginner is, hands-down: being a Digital Landlord.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.

Why?

Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

Real estate investing is a FULL-TIME JOB. If you stop finding deals, your money dries up.

Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.

If you miss a single payment, the property can be taken from you.

Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.

Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets, and owning A LOT of them.

Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.

Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.

Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.

It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with real estate investing, you would need twice as many properties, or double your profit margins on each property. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.

Make Money Helping Real People: When you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other opportunities like Multifamily Mindset, which might make you money.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

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