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Beware of these people and make sure you do your due diligence before you commit to purchasing a property from these people. Run the comp's in m the area theyt are trying to sell to you. Don't listen to the bull about Zillow which is a real estate appraisal site the numbers aren't right but thats what they use to conveince you your buying at wholesale numbers. I purchased a property with the intentions of buying repairing and flipping. Well I had all the repairs done listed the house on the internet in more than 30 sites and haven't gotten one single response. They tell you and make you believe that they are going to help you turn the property when all they do is train you on where to list your property. They'll tell you that out of state investors will buy your property which is ### a investor is going to get the best deal possible and it wont be yours if you purchased it from these guys. You will be buying at retail numbers not wholesale. The first Management company they provided to me ran off with the first funds (deposit and rent) after they rented the property and I didn't even know until after the tenant was iyour property whethn the property for 1 month. I found out when I finally listed it with a local real estate agent and the agent goes to the property and there someone living in the house. It has been a mess I live in Dallas Tx and purchased in MO. This was not the investment I was looking for now all my funds are tied up and I'm stuck. Also, if you'll look they are your competition they will not sell your property for you. If your looking for a long term investment go do your own due diligence and buy from a real estate agent in your area not out of town. Don't let them do to you what they did to me push push push I'm smarter than this but it sounded so good and they convinced me after telling them it didnt look good from the comp's I was looking at. Their excuse was they are the professionals and have been doing this for years and know what their talking about and for you not to worry investors from out of the State would purchase your property for a investment even though it was higher than the other property in the area.One more thing they purchased the property at $12, 000 did nothing but get a quote from a local contractor for the repairs and sold it to me for $26, 000. They did well I've now got $31, 000 after repairs and will never sell this property until the market goes up so I'm stuck.
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This site is worthless, do not buy anything from property 23! I was told this is great investment and lost 19, 000 on a house that is not even worth 5, 000 in a bad nighborhhood. After I purshased the property I came to find out that it needed at least 15, 000 in repair and all the coper has been stolen and to top it off there are back taxes on the property and it can not be sold untill all taxes are paid. Free and clear my ###! I also had the same problem with homeless people living in it that was a risk to the realestate agent that went by to look at it! she had to call the police and now she does not want to return. Do you blame her! No mater how many sites you post it or list it to, it will never sell because of its condition and location. What is the better business bereau is doing about this? That is my next complaint! I live out of state and the property is located in MO. same as the other gentleman that has to deal with this crap! Buyers be ware! they paint a pretty picture but the canvas is rotten!
I went to their presentation in Honolulu. Who do they think they are kidding? These are "trailer-trash" properties with poor (if any) real value for either positive cash flow or ability to flip. They represent the worst of Snake Oil salesmen for the 21st century. They lie about the "numbers" (or just don't know 2nd grade math). I don't know how people like this sleep at night. Please talk to your local Real Estate Investors Association or start with www.nationalreia.com/ to find a group in your area. You should be able to get 30-40% on your investments since inventory is so incredibly high; don't get excited about 10-15% gains - you can do better than that blind-folded throwing darts at a board.
If you're getting 30-40%...I'd love for you to tell me and everyone else EXACTLY what you're doing and when and where you bought your properties. Instead of saying we lie about the numbers tell me EXACTLY which numbers we lied about...and I'll show you where you're wrong. NUMBERS DON'T LIE. But again if you're telling everyone how easy it is to get 30-40%, I'm all ears. Oh, and don't make stuipd general statements like, "They lie about the numbers" or "You should be getting 30-40%." I want specifics. Bottom line is dorks like you don't like specifics.
I've got a feeling boomer is actually Barry.
Contact Bobbi at: bobbi.jelovchan@yahoo.com--if you want to join in on a class action lawsuit against Property 23, Empower Group, Sean Whaylen, Nate Heaps, MT Blue, Jonathan Day etc. and all of their conniving associates!
Don't know the specifics but when it comes to real estate investing, you really have to understand the model and the people behind it. It is very possible to get 30% to 40% yields, even in this market. Our group does it all the time but we do it using a shared housing model. I hate that you all have been burned or feel like you were...I had a similar experience when I tried to use turnkey groups to invest out of state. Even if you have a non-performing property, try turning it around with shared housing. The real money in real estate today is in NOT owning it for very long, partner with someone in a market you like to buy, repair, rent and sell it off. Avoid buying any kind of "rent-ready" property unless the working partner has a solid plan to rent & manage the property. A REI group or places like BiggerPockets are great ways to vet investments before you get in too deep. If whatever model they are using doesn't make sense to you...common sense...walk away. In my experience, anything too complicated isn't going to benefit you.