Had the misfortune of a answering unsolicited phone call from this “investor" and told me they were looking for rental properties in my area. After continually calling me for a few days, the investor came to the house and had a meeting that lasted hours.
At the end of the meeting I was talked into a purchase price of $400,000 for a property I didn’t even plan on selling. I later learned that at the same time, the "investor" had already assigned the contract to a second investor for $500,000 – with the agreement that the second investor would pay a $100,000 assignment fee to the original investor.
Once the “investor” makes contact with someone, they start “working” on them. They are professionals at getting close and gaining trust. They are charming and know how to obtain information about you that will help in their dealings with you. In just a few short conversations they will find out private information about you and then use it against you.
These people perpetrate fraud, and they are good at what they do – separating you from your money.
Here is what I have since learned about these frauds and their so called "real estate investment"-- they bring no real value to a real estate transaction, they quote wildly inaccurate numbers on comps, ARV, repair costs, etc. They seem to be fresh from a local meetup or guru seminar and they are interested in jumping into the real estate industry with no funds of their own to invest. Their actions strike me as not just operating in a gray area but tending toward outright deception (especially when it comes to getting a property under contract with an uneducated and inexperienced seller).
I am clearly not their only victim and looking for others who have experienced similar.
True North Development Group Reviews
This should be CRIMINAL.
Had the misfortune of a answering unsolicited phone call from this “investor" and told me they were looking for rental properties in my area. After continually calling me for a few days, the investor came to the house and had a meeting that lasted hours.
At the end of the meeting I was talked into a purchase price of $400,000 for a property I didn’t even plan on selling. I later learned that at the same time, the "investor" had already assigned the contract to a second investor for $500,000 – with the agreement that the second investor would pay a $100,000 assignment fee to the original investor.
Once the “investor” makes contact with someone, they start “working” on them. They are professionals at getting close and gaining trust. They are charming and know how to obtain information about you that will help in their dealings with you. In just a few short conversations they will find out private information about you and then use it against you.
These people perpetrate fraud, and they are good at what they do – separating you from your money.
Here is what I have since learned about these frauds and their so called "real estate investment"-- they bring no real value to a real estate transaction, they quote wildly inaccurate numbers on comps, ARV, repair costs, etc. They seem to be fresh from a local meetup or guru seminar and they are interested in jumping into the real estate industry with no funds of their own to invest. Their actions strike me as not just operating in a gray area but tending toward outright deception (especially when it comes to getting a property under contract with an uneducated and inexperienced seller).
I am clearly not their only victim and looking for others who have experienced similar.