Tyler Deveraux's Multifamily Mindset Review: Multifamily Real Estate Investing and Alternatives? |Ippei: Why Local SEO Lead Generation is the #1 Online Business Opportunity in 2025

Updated On 2022-07-29

Tyler Deveraux’s Multifamily Mindset is a real-estate education and mentorship company focused on helping aspiring and experienced investors shift from single-family homes into larger multifamily property deals. The program teaches systems to find, finance, and manage multi-unit real estate, emphasizing the mindset, scale and network required to “invest bigger.”

One thing is for sure, compared to other business models, there aren’t many courses out there that specialize in multifamily real estate investment. One good reason is that most people who get into multifamily real estate business are experienced investors and brokers who are looking to scale their businesses.

Multifamily real estate investing is not something that you would recommend to beginners in the real estate industry, and yet this course claims it could deliver easy financial success to newcomers.

Multifamily Mindset reviews are mixed across popular review sources. On Trustpilot, the program holds a 4.5-star rating, with students complimenting the motivational coaches, organized training, and community support that help them take action in real estate. However, BBB reviews and Reddit threads mention aggressive sales tactics, high costs, and pressure to join a $40K mentorship, leading some to call it misleading and overpriced.

In my opinion, multifamily real estate investment as taught by Multifamily Mindset reminds me of West Point’s high barrier to entry, where nominations, fitness tests, interviews, and strict cutoffs stack before a single acceptance. With multifamily investing, earnest money, due diligence, inspections, reserves, and closing costs lock capital long before rent ever lands. The complications are like NYC Department of Sanitation snow operations, where plows, salt trucks, and dispatch juggle block-by-block complications all day. Similarly, tenant turnovers, maintenance tickets, vendor coordination, and code compliance create relentless load that never truly eases.

This article reviews Multifamily Mindset, outlining its course structure, live events, 3-day seminars, student experiences, pros and cons, and controversies surrounding its high-pressure sales tactics. It also covers Tyler Deveraux’s background, his claimed achievements in multifamily real estate, and the broader discussion comparing multifamily investing to local lead generation as a more accessible and sustainable business model.

What Are the Pros and Cons of Multifamily Mindset?

Pros	Cons
Tyler, Ryan, and the coaches are all veterans in the multifamily real estate industry.	Course price is very expensive.
High quality educational program. Specializes in multifamily real estate but also includes all info you'll need about real estate investment in general.	Unless you have serious capital in hand. You need sponsors for deals, and not all deals get sponsored by the program.
	Program claims to have exclusive software to calculate deals, but is similar to other paid programs, such as bigger pockets.

Who Is the Multifamily Mindset Course For?

Beginners who are new to real estate business, although the course price and high investment may not be the best for newbies with low capital.
Experienced real estate investors who wish to upscale their business with multifamily real estate.
Current multifamily real estate investors who wish to get more training and guidance.

If you find this course doesn’t fit to you, Open Door Capital is an option.

What Do You Get With Multifamily Mindset?

You start by going to their official website. Here you will sign up for one of their free live events, which is basically a training seminar, if available in your area. Signing up will require you to put in your email and phone number. There is no ticket. Your name will be on the guest list. You are also allowed to bring a +1.

After signing up for the event, you will be asked for your address so they can ship you a “free masterclass guidebook”.

Once that’s all done, you can download a “cheat sheet”, a PDF with 5 major tips on acquiring multifamily properties.

A one-day event that lasts an hour and a half, it is an introductory seminar that gives an overview of multifamily real estate investment. The discussion includes:

The System - step-by-step system for investing in multifamily real estate.
Capital/Funding - where and how to raise the funds for your deals.
Connections - provide you with connections with investment partners.

Multifamily offers a “free” multifamily mindset 3-day seminar that will be offered to you at the one-day event. This seminar actually costs $997 for you and a plus one, but comes with a $300 travel voucher. A YouTube review from a certain Jordan Norr explains that the course offers a reimbursement of the $997 if you can do a deal within 6 months of completing the training.

This is what happens in the 3 day event:

Day 1: Foundational Content.
Overview on multifamily real estate.
Value opportunities in multifamily real estate.
Multifamily acquisition process from A-Z.
Case studies.
**Day 2: Income and Expenses.**Operational history - how to spot a good deal.
Case study scenarios by groups.
Emerging markets - how to identify and choose markets.
Raising capital - how to raise funds to invest.
**Day 3: Finding deals.**How to build relationships with brokers. using broker scripts. How to create status alignment and credibility with brokers.
Setting-up a direct mail campaign and other creative ways to find properties.
How to create and submit offers to deals.
Different loan structures.
Financial due diligence.
Property packing - strategically designing business plans to present to investors.

How Much Does Multifamily Mindset Cost?

During the free events, they will mention and sell the Multifamily Mindset course. Their cheapest starter package comes at around $8,000, which already puts this course as one of the most expensive courses out there. They will definitely push you to purchase their premium mentorship program, which costs a whopping $38,997.

How Do You Make Money With Multifamily Mindset?

There are 3 roles that you can earn in multifamily real estate investments.

Deal SpecialistYou are the deal specialist, as you are the one who will invest in this property.
Sponsor
The sponsor is the one that will help you qualify for real estate deals and apply the loan you need, as most money partners prefer experienced investors. Here, it is the program itself.
Money PartnerThis is where you’ll be able to loan the funds from. The program claims you will have access to Tyler’s own money partners.

So how do you, as the deal specialist, earn? Out of the total revenue, the money partner will take 70% as they are the one who took the risk of funding the entire enterprise. The sponsor will take 5% as a fee for qualifying you. This leaves you with 25%, or more in some cases.

Ownership revenue is only one way to earn. You also earn from re-selling the property at a higher price. Last, you also earn a 3-5% of the purchase price “acquisition fee” for securing the deal.

A typical apartment costs about $10M and has a hundred and fifty units. Tyler promises that even finding one good deal is enough for you to fund your retirement.

Is it possible to earn with Multifamily Mindset? Like with any other legit courses, yes. The thing is, it will take much more hard work than what the program claims.

Do Students of Multifamily Mindset Make Money?

So do the students of Multifamily Mindset actually make money? I haven’t found any success stories from any Multifamily Mindset students. The review on their site is the same reviews from their Facebook account, which is flooded with non-related spammers.

All positive reviews are actually directed at their live events. There are no success stories to be found with actual specifics.

I mentioned criticism about the course from the start. This is where it gets worrisome. A certain Zach Harsh who claims to be a student of the course posted his experiences on multiple customer review sites. It is a long and very detailed review, you can skip to the summary.

Nancy and Abraham’s Multi-Family Mindset Testimonial: From Nurses To Real Estate Investors

Nancy and Abraham’s Background and Story

Nancy and Abraham are nurses for 11 years. They started real estate investing while working their nursing jobs. They started with a 21-door portfolio of small properties, which they eventually converted to bigger properties after joining the Multi-Family Mindset.

How Their Business is Doing Today

Nancy and Abraham have made significant improvement in their real estate business after focusing on multi-family properties. This strategy enabled them to create an inventory that generates significant passive income rather than just simply adding numbers to their portfolio. Their goal is to reach 100 units and finance new deals by selling a portion of their current portfolio.

Nancy and Abraham’s Biggest Challenges with Multi-Family Investing

Overcoming Self-Doubt: Nancy struggled with impostor syndrome. Despite their current achievements, she struggled to build confidence and achieve their goals.

Time Management: As full-time nurses, Nancy and Abraham struggled to squeeze in time to educate themselves while managing all of their real estate properties.

Market Understanding: Understanding and adapting to the complexities of the multi-family market required significant learning and adaptability.

**Managing Investor Expectations:**As the couple welcomed investors into their business, they struggle to keep up with different demands, expectations, and responsibilities.

What’s not mentioned in the interview: Owning real estate properties involves ongoing costs on maintenance, repairs, property taxes, and insurance. The average maintenance cost is about 1% of the property value per year. For a $200,000 property, this means $2,000 annually in maintenance expenditures alone.

Summary of the 188 Unit Deal Incident in Columbia, South Carolina.

Multifamily Mindset made several big promises that they hadn’t fulfilled. They hard sell the $38,997 premium mentorship program during their high-pressure 3-day presentation. They push attendees to find ways to pay for the course, even urging them to withdraw their 401k and pay the tax penalty.

Zach discovered a previously underwritten 188-unit deal in Columbia, South Carolina. Zach and partner contacted Ryan to suggest putting in LOI and giving them pricing. It took 4-5 days to meet Ryan and another 4-5 days to meet Tyler in order to sponsor the deal. By the time they met, someone else had already taken the deal.

Soon after, another student contacted Zach and told them that Ryan and Tyler committed to sponsoring them four times, but then backed out. Another group of students were in danger of losing about $200k due to contract extensions because Ryan did not want to fund the additional $50k the lender was requiring.

A student who partnered with Ryan and Tyler on a multifamily deal also contacted Zach. Zach was supposed to be part of the deal, but she claimed that Zach’s coach was trying to get her to drop people out of the deal, possibly to increase their percentage share. Zach then called his coach, who threatened to record the conversation and get his attorneys involved.

This incident sparked the issue that Ryan, Tyler, and the coaches are not interested in helping the students. Judging by the story, they are more interested in making money from course sales and from getting a bigger cut from their students’ lucrative multifamily deals.

Tyler’s reply:

Over a month after, Tyler himself replied to this accusation on one site where the comment was posted (biggerpockets.com). They met this reply with praises to his credibility.

Tyler defended the 401k accusations, stating that Zach’s memory failed him as it was Tyler’s own story he was talking about when he withdrew money from his IRA to pursue the business years ago.

He then explained that they keep an excellent track record because they are careful about sponsoring deals. Tyler reminded Zach that students actually should convince them to sponsor their deals. This means if they don’t agree, then the deal is not a good one.

Tyler also declared that they only ever backed out of a committed sponsorship once and this was because of a freeze issue in Texas that caused a lot of plumbing problems. Tyler then claims that it was the program that took the loss and not the student.

Finally, Tyler pointed out that they only took 25% of the general partner cut and the students made close to 50%. He said that the other students didn’t want to do business with Zach for some deep-rooted reasons.

Who Is Tyler Deveraux?

Tyler Deveraux is a real estate investor who has an impressive resume in the industry. He notes that at the age of 21; he began his journey into real estate when he acquired his first student rental property. There is no record of his net worth available online but he claims he has “control over 2,500 apartment units, throughout 6 different states, with values north of $250 Million.”. That’s quite a claim.

Now residing in Maui, Hawaii, Tyler is a co-founder and CEO of The Multifamily Mindset which provides new and veteran investors with the training and support needed to invest in multifamily properties. He is a managing partner of MF Capital Partners based in Orlando, Florida, a privately held multifamily investment company that has been in the business since 2014.

He is also currently a keynote speaker for KCSB since 2013, and Co Founder of Ideal Web Solution, a web design and management agency for real estate investors since 2015.
Tyler’s previous work includes president of Marketing Source Consulting from 2011 to 2015, Sales Manager and Public Speaker for Online Strategies from 2011 to 2015 and a Sales Consultant for Imergent Inc.from 2007 to 2011.

Who Is Ryan Woolley?

Ryan Woolley is a real estate investor. He is a co-founder of The Multifamily Mindset. He earned an accounting degree from Utah Valley University in 2007. Like Tyler, he is a managing partner of MF Capital Partners.

There aren’t any details to his businesses nor his net worth available online.

What Are the Pros and Cons of Multifamily Real Estate?

Pros	Cons
Having multiple units means stable cash flow as compared to a single-unit which loses when vacant.	Greater starting capital as multifamily properties are priced at millions plus you still need roughly 20% down-payment.
Easier to finance as it offers less risk for banks/lenders because of the predictable cash flow.	High competition against many experienced investors. When developers and property management companies compete over the same building or land, the price rises high.
Easily scalable, as multifamily offers the opportunity to move towards commercial real estate while single-unit rentals expand one property at a time.	Multifamily properties are a management nightmare - for newbies.
Tax benefits from deducting maintenance and operation costs, estate depreciation, and cost-segregation tax benefits while the real estate market value increases.
Hiring a property management company to hand maintenance and communications with tenants can turn this business into a passive income for you.

What Are The Legal Risks In Multifamily Real Estate?

Multifamily real estate legal risks include zoning issues, tenant rights, fair housing laws, building code compliance, and partnership agreements. Beginners unaware of these laws could face fines or lawsuits. That’s why many successful investors hire legal counsel or use property management companies to minimize liability.

What Are Some Multifamily Mindset Alternatives?

Jemal King’s Make Real Estate Real : A beginner-friendly program that offers a full property-investment blueprint including fix-&-flip, buy-&-hold and joint ventures, plus expert access.
Jeff Rutkowski’s Kingdom 320 : A Christian-based mentorship focusing on reverse-wholesaling (finding the buyer first) to invest in real estate with little to no cash upfront.
Cody Sperber’s Clever Investor : A comprehensive training platform offering multiple strategies (flipping, wholesaling, buy-and-hold) with a “4 Profit Centers” framework for real-estate investors at various levels.

Final Verdict: Is Multifamily Mindset Worth It for New Real Estate Investors?

In my opinion, Multifamily Mindset is worth it for new real estate investors because the multifamily investment strategy it teaches has high costs, steep learning curve, and reliance on complex deal structures. The program is better suited for investors with substantial capital and experience rather than true beginners.

Is Local Lead Generation More Accessible Than Multifamily Real Estate Investing?

Local lead generation is more accessible than multifamily real estate investing because it requires less capital, fewer legal hurdles, and no physical property management.

Comparing multifamily real estate investing to local lead generation is like the Chicago Marathon versus the Missouri Botanical Garden. The Chicago Marathon demands lottery entries, hefty fees, months of prep, travel logistics, and race-day variables that can collapse a plan. Multifamily acquisition, rehab, inspections, reserves, and closing costs stack before a single dollar returns, and timing risk hovers over the exit. Missouri Botanical Garden settles into a steady rhythm once beds are planted and paths are laid. Local lead generation works the same way after build-out and ranking, where leads arrive predictably, with low fees and little daily effort.

Why Is Local Lead Generation a Smarter Passive Income Strategy?

Local lead generation is a smarter passive income strategy because it creates simple digital assets that generate recurring revenue without overhead or client management. Unlike multifamily investing, which involves loans, repairs, and investor relations, lead gen sites operate with minimal input once ranked. You own the site, control the asset, and rent it to service providers for $500 to $2,000 a month. It’s easy to scale and perfect for entrepreneurs seeking time and financial freedom.

One of my clients is Winter Haven Elite Roofing, 321 3rd St SW Winter Haven, FL 33880, 863-622-8988, https://winterhaveneliteroofs.com/. In the month that 5 leads of mine closed for $63,600, I earned $3,180 from 5% commissions.

If you’re ready to build your first digital asset and earn passive income without owning real estate, check out how local lead generation works today.