R.E.I.N.(Real Estate Investment Network)

[IC4]

Some of my family members attended their seminars a few years ago and now are up to their necks in debt. Maybe a couple of million in one case, and no idea as to the others. Probably more than that.
One of my siblings "owns" more than 20 investment properties and has a hard time sleeping, worrying about how to keep the places tenanted. Somehow they have always found other investors to help them buy more property. One of the big purchases was a building which needs millions to be refurbished and probably can't be resold until it is---but my worry is, what if the original co-investors start asking for their money back? If that is the case then I see ruination ahead. And that makes me feel very scared for their sake.

I don't have any idea how the deals are structured, and my family members are vague on the subject. They obviously know what they are doing since they've kept it going for 5 years or so. Ok admittedly that was through a boom. Luckily they stopped buying in 2006. But what about all those other people involved in the deals who understandably would want some money back?

I always thought R.E.I.N. was like some sort of cult but that's just me. But I'm getting increasingly concerned with each passing month at what my family has gotten themselves into. They swore up and down they were going to be rich, and two quit lucrative jobs just to take this on.

[FuturePorscheOwner]

Basically from my understanding, REIN works like this, the whole key to being in REIN is networking. If you have an idea, or a place you feel you think will go up in future, you meet like-minded real estate investors. The name of the game is to meet other real estate investors, and joint venture with them on different real estate ventures.

I never got into it myself, but I was given 2 books from a friend who swore by it, but it sort of felt like material I have read before.

[IC4]

Ok, so there could be the same people involved with several ventures. I can see why networking is the key to this idea.
I wonder what would happen if some of the investors wanted out of the joint venture---they just find someone else to fill the gap? If they have access to so many investors then it might not be the timebomb I was worried it was. It just seemed like a strategy which would go great guns during the good years, but get a little fragile if investors dried up.

[thirdlittlepig]

So what's the plan in these ventures if the whole market tanks? As multiple ventures hit the skids, the people who bought in are on the hook. If people just worked it on a small scale, they may be able to draw on other assets to hold up their part of the deal. But how do you know if the others involved in your venture aren't already overextended on several others, then the whole thing comes down like a house of cards (or pyramid scheme?). Those who cut bait early are safe if they managed to sell their interest. Everyone else is left holding long term, either for profit or loss.

[Marco911]

Some of my family members attended their seminars a few years ago and now are up to their necks in debt. Maybe a couple of million in one case, and no idea as to the others. Probably more than that.
One of my siblings "owns" more than 20 investment properties and has a hard time sleeping, worrying about how to keep the places tenanted. Somehow they have always found other investors to help them buy more property. One of the big purchases was a building which needs millions to be refurbished and probably can't be resold until it is---but my worry is, what if the original co-investors start asking for their money back? If that is the case then I see ruination ahead. And that makes me feel very scared for their sake.

I don't have any idea how the deals are structured, and my family members are vague on the subject. They obviously know what they are doing since they've kept it going for 5 years or so. Ok admittedly that was through a boom. Luckily they stopped buying in 2006. But what about all those other people involved in the deals who understandably would want some money back?

I always thought R.E.I.N. was like some sort of cult but that's just me. But I'm getting increasingly concerned with each passing month at what my family has gotten themselves into. They swore up and down they were going to be rich, and two quit lucrative jobs just to take this on.

There are people worth $100 who end up on the street. This isn't comforting but the fact is if you take risks, there is the upside as well as a downside.

Just like starting a new business they could go broke because of the deal. If it is a joint venture where there are multiple partners, they may want to consider selling their portion of the investment off to someone else.

If there is 10 people and they each have an equal stake in the venture, you sell off your 1 share to someone else. If there is nobody to buy it, then you have to either find a way to make it more attractive (lower the price, or offer incentives of some nature). If you are left holding it, then you are at the mercy of whatever that investment does.

If it requires money to be refurbished, it needs to be split between those joint parties. I'm assuming this is a joint venture. I have done deals where I am the owner of the deal itself and I've borrowed money privately and issued shares where the said buyer is to be paid a percentage of the profits within 36 months etc.

I am taking on all the risk but I also have all the control and make the bulk of the profits. You may want to talk to a lawyer or review the specifics on the contract before making any decisions.

[IC4]

Thanks guys for explaining this more for me, like I said I'm just standing on the sidelines and want to know more about my family members' risk. Between the 3 of them they hold quite a few properties.

In the case of the building, it is a joint venture, the banks won't lend any more money, the original investors are tapped out, and new ones have to be found.

[investor123]

The Real Estate Investment is a networking group as some of you mentioned. I was a little suprised by the first writer of this forum as I had been doing research on the REIN network and heard mostly positive news. I am a young investor looking for my first property and so I have been reading, talking and trying to look at various models of investing.

From my understanding the REIN group,, allows you to meet and network with other members and although you definitely have to do your homework and due diligence they teach you a model of buying property and holding it long term. I picked up a book by Don Campbell and it was great info as well. I am sure there are some cases where individuals have lost money but have your family members contacted the individuals who work at REIN and see how they can help?
I also came across this site - although it looks like these guys are starting out they provided me with a great start up base on learning about Canadian Real Estate and its free info..http://www.howtoberealestaterich.com/re ... tep1.shtml

[realestatedreamer]

As a group the investors and participants in REIN have purchased billions of dollars worth of real estate so they must know something about it. IC4, nothing ventured nothing gained if your family is so enthralled by the process why don't you try to find out more? Most fortunes are made through real estate, and as such this million or so in debt is good debt accelerated by leveraging investors money and the banks money.

Oh yeah, if the whole market tanks wouldn't we all be in trouble? Not going to happen, economy is still hanging on, gas prices will rise, the sun will come up and real estate values will keep rising into the future

REdreamer

[glennsimoninc]

I'm not quite sure why REIN is responsible for your relatives being in debt? Did they twist their arms and make them buy? Are you relatives not consenting adults who can make their own choices?
REIN is about getting information and using it to invest in real estate. What people do or don't do with it is up to them.

The main reason people are unsuccessful is because they blame others for the state they are in.

[eldon_siemens]

R.E.I.N. is focused on networking, especially valuable for putting together joint venture capital. Every meeting usually has a lot of good infomation about the Real Estate markets, and presentations from various professionals (lawyers, mortgage brokers, etc). As a past member of REIN, I would say it is of more value to people who are new to the concept of Real Estate investing and can learn lots of tips about buying property. There are a handful of movers & shakers who tell their success stories and this will often encourage newer members to take chances they normally wouldn't (and shouldn't).

In the beginning, this was an intimate group whose members could sit around a boardroom table and have meaningful discussions. Now, it has morphed into a huge monster with hundreds of people sitting in a room listening to monologues from presenters, and IMHO is geared primarily toward providing membership revenues to the owner.

Collectively, REIN members own billions of $$ worth of Real Estate. I am worried about the day when the shepherds of the flock tell everyone it's time to sell.

[erikko]

Are there other networks available aside from REIN?

[rajulratna]

Laeeque Ahmed offered my wife fake pay stubs. He created them for him and now we are in trouble. Laeeque says he had no involvement and do not recall doing any such thing. The banks called us in because they found out. What should we do ? We do not know where to complain and lawyers cost a lot of money.

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