All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Coronavirus Content & Resources Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowReal Estate Guru, Book & Course Reviews and DiscussionsArrowPlease help $41,000 paid to a guru company to be refunded !
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Topic: 1031 Exchanges Topic: Akron Real Estate Forum Topic: Alabama Real Estate Q&A Discussion Forum Topic: Alaska Real Estate Q&A Discussion Forum Topic: Alberta Real Estate Forum Topic: Albuquerque Topic: Allentown Real Estate Forum Topic: Anchorage Real Estate Forum Topic: Ann Arbor Topic: Arizona Real Estate Q&A Discussion Forum Topic: Arkansas Real Estate Q&A Discussion Forum Topic: Arlington Real Estate Forum Topic: Asheville NC Real Estate Forum Topic: Ask About A Real Estate Company Topic: Athens Real Estate Forum Topic: Atlanta Real Estate Forum Topic: Aurora Real Estate Forum Topic: Aurora Real Estate Forum Topic: Austin Real Estate Forum Topic: Bakersfield Real Estate Forum Topic: Baltimore Real Estate Forum Topic: Bankers, Lenders, and Mortgage Brokers Topic: Baton Rouge Real Estate Forum Topic: Beaverton Real Estate Forum Topic: BiggerPockets Business Podcast Topic: BiggerPockets Exclusive PRO Area Topic: BiggerPockets Money Podcast Topic: BiggerPockets Real Estate Investing Summit Topic: BiggerPockets Summer Reading List Topic: BiggerPockets Webinar Discussion Forum Topic: Billings Real Estate Forum Topic: Birmingham Real Estate Forum Topic: Bismarck Real Estate Forum Topic: Boise Real Estate Forum Topic: Boston Real Estate Forum Topic: Bridgeport Real Estate Forum Topic: British Columbia Real Estate Forum Topic: BRRRR - Buy, Rehab, Rent, Refinance, Repeat Topic: Buying & Selling Real Estate Discussion Topic: California Real Estate Q&A Discussion Forum Topic: Cambridge Real Estate Forum Topic: Canadian Real Estate Topic: Cape Cod Real Estate Forum Topic: Cape Coral Real Estate Forum Topic: Casper Real Estate Forum Topic: Cedar Rapids Real Estate Forum Topic: Chandler Real Estate Forum Topic: Charleston Real Estate Forum Topic: Charleston Real Estate Forum Topic: Charlotte Real Estate Forum Topic: Chattanooga Real Estate Forum Topic: Chesapeake Real Estate Forum Topic: Cheyenne Real Estate Forum Topic: Chicago Real Estate Forum Topic: Chittenden County Real Estate Forum Topic: Cincinnati Real Estate Forum Topic: Cleveland Real Estate Forum Topic: Coastal NC Real Estate Forum Topic: Colorado Real Estate Q&A Discussion Forum Topic: Colorado Springs Real Estate Forum Topic: Columbia Real Estate Forum Topic: Columbia Real Estate Forum Topic: Columbus Real Estate Forum Topic: Columbus Real Estate Forum Topic: Commercial Real Estate Investing Forum Topic: Completed Deal Diaries Topic: Connecticut Real Estate Q&A Discussion Forum Topic: Construction & Remodeling Diaries Topic: Contractors Topic: Conway Real Estate Forum Topic: Coronavirus Conversation Topic: Coronavirus Government Assistance Programs Topic: Creative Real Estate Financing Forum Topic: Currently Under Contract Topic: Dallas Real Estate Forum Topic: Davenport Real Estate Forum Topic: Dayton Real Estate Forum Topic: Delaware Real Estate Q&A Discussion Forum Topic: Denver Real Estate Forum Topic: Des Moines Real Estate Forum Topic: Detroit Real Estate Forum Topic: Do it Yourself Topic: El Paso Real Estate Forum Topic: Eugene Real Estate Forum Topic: Evansville Real Estate Forum Topic: FAQ Forum Topic: Fargo Topic: Fayetteville Real Estate Forum Topic: First Time Home Buyer Topic: Florida Real Estate Q&A Discussion Forum Topic: Foreigners Buying in the USA Topic: Fort Collins Real Estate Forum Topic: Fort Lauderdale Real Estate Forum Topic: Fort Smith Real Estate Forum Topic: Fort Wayne Real Estate Forum Topic: Fort Worth Real Estate Forum Topic: Fresno Real Estate Forum Topic: General Foreclosure & Pre-Foreclosure Forums Topic: General Landlording & Rental Properties Topic: General Real Estate Investing Topic: Georgia Real Estate Q&A Discussion Forum Topic: Germantown Real Estate Forum Topic: Get Foreclosure Help - Stop Foreclosure Forum Topic: Gilbert Real Estate Forum Topic: Glendale Real Estate Forum Topic: Goals, Business Plans & Entities Topic: Grand Rapids Real Estate Forum Topic: Green Bay Topic: Greensboro Real Estate Forum Topic: Hammond Real Estate Forum Topic: Hartford Real Estate Forum Topic: Hawaii Real Estate Q&A Discussion Forum Topic: Henderson Real Estate Forum Topic: Hialeah Real Estate Forum Topic: Hilo Real Estate Forum Topic: Home Owner Association (HOA) Issues & Problems Forum Topic: Honolulu Real Estate Forum Topic: Housing News & Real Estate Market Discussions Topic: Houston Real Estate Forum Topic: HUD, VA, and Tax Sales Topic: Huntington Real Estate Forum Topic: Huntsville Real Estate Forum Topic: Idaho Falls Real Estate Forum Topic: Idaho Real Estate Q&A Discussion Forum Topic: Illinois Real Estate Q&A Discussion Forum Topic: Indianapolis Real Estate Forum Topic: Indiana Real Estate Q&A Discussion Forum Topic: Innovative Strategies Topic: Interest Rate Drops Topic: International Real Estate Topic: Investor Deal Diaries Topic: Investor Psychology Topic: Iowa Real Estate Q&A Discussion Forum Topic: Jackson Real Estate Forum Topic: Jacksonville Real Estate Forum Topic: Jersey City Real Estate Forum Topic: Job Loss/Company Closings Topic: Joliet Real Estate Forum Topic: Jonesboro Real Estate Forum Topic: Kailua Real Estate Forum Topic: Kānèohe Real Estate Forum Topic: Kansas City Real Estate Forum Topic: Kansas City Real Estate Forum Topic: Kansas Real Estate Q&A Discussion Forum Topic: Kentucky Real Estate Q&A Discussion Forum Topic: Knoxville Real Estate Forum Topic: Lakewood Real Estate Forum Topic: Landlord Problem Solving Topic: Las Cruces Real Estate Forum Topic: Las Vegas Real Estate Forum Topic: Lewiston Real Estate Forum Topic: Lexington-Fayette Real Estate Forum Topic: Lincoln Real Estate Forum Topic: Little Rock Real Estate Forum Topic: Local Real Estate Networking Topic: Long Beach Real Estate Forum Topic: Long Island Real Estate Forum Topic: Los Angeles County Real Estate Forum Topic: Louisiana Real Estate Q&A Discussion Forum Topic: Louisville Real Estate Forum Topic: Madison Real Estate Forum Topic: Maine Real Estate Q&A Discussion Forum Topic: Managing Your Property Topic: Manchester Real Estate Forum Topic: Manitoba Topic: Marketing Your Rental Topic: Marketplace Topic: Maryland Real Estate Q&A Discussion Forum Topic: Massachusetts Real Estate Q&A Discussion Forum Topic: Meads Real Estate Forum Topic: Memphis Real Estate Forum Topic: Meridian Real Estate Forum Topic: Mesa Real Estate Forum Topic: Miami Topic: Michigan Real Estate Q&A Discussion Forum Topic: Military Investing Topic: Milwaukee Real Estate Forum Topic: Minneapolis Real Estate Forum Topic: Minnesota Real Estate Q&A Discussion Forum Topic: Mississippi Real Estate Q&A Discussion Forum Topic: Missoula Real Estate Forum Topic: Missouri Real Estate Q&A Discussion Forum Topic: Mobile (Alabama) Real Estate Forum Topic: Mobile Homes & Mobile Home Park Investing Topic: Modesto/Merced Real Estate Forum Topic: Montana Real Estate Q&A Discussion Forum Topic: Montgomery Real Estate Forum Topic: Mortgage Payment Suspension Topic: Mt. Pleasant Real Estate Forum Topic: Multi-Family and Apartment Investing Forums Topic: Nampa Real Estate Forum Topic: Naperville Real Estate Forum Topic: Nashville Real Estate Forum Topic: Nebraska Real Estate Q&A Discussion Forum Topic: Nevada Real Estate Q&A Discussion Forum Topic: Newark Real Estate Forum Topic: New Brunswick Real Estate Forum Topic: Newfoundland and Labrador Real Estate Forum Topic: New Hampshire Real Estate Q&A Discussion Forum Topic: New Haven Real Estate Forum Topic: New Jersey Real Estate Q&A Discussion Forum Topic: New Member Introductions Topic: New Mexico Real Estate Q&A Discussion Forum Topic: New Orleans Real Estate Forum Topic: New York City Real Estate Forum Topic: New York Real Estate Q&A Discussion Forum Topic: Norfolk Real Estate Forum Topic: North Carolina Real Estate Q&A Discussion Forum Topic: North Dakota Real Estate Q&A Discussion Forum Topic: Northwest Territories Real Estate Forum Topic: Norwalk Real Estate Forum Topic: Nova Scotia Real Estate Forum Topic: Nunavut Real Estate Forum Topic: Oakland Real Estate Forum Topic: Off-Topic Topic: Ogden Topic: Ohio Real Estate Q&A Discussion Forum Topic: Oklahoma City Real Estate Forum Topic: Oklahoma Real Estate Q&A Discussion Forum Topic: Omaha Real Estate Forum Topic: Ontario Real Estate Forum Topic: Orange County Real Estate Forum Topic: Oregon Real Estate Q&A Discussion Forum Topic: Orlando Real Estate Forum Topic: Overland Park Real Estate Forum Topic: Pearl City Real Estate Forum Topic: Pennsylvania Real Estate Q&A Discussion Forum Topic: Peoria Real Estate Forum Topic: Personal Finance Forum Topic: Philadelphia Real Estate Forum Topic: Phoenix Real Estate Forum Topic: Pittsburgh Real Estate Forum Topic: Pocatello Real Estate Forum Topic: Portland Real Estate Forum Topic: Portland Real Estate Forum Topic: Prince Edward Island Real Estate Forum Topic: Private Lending & Conventional Mortgage Advice Topic: Property Insurance Questions & Discussions Topic: Providence Real Estate Forum Topic: Provo Real Estate Forum Topic: Quad Cities Real Estate Forum Topic: Quebec Real Estate Forum Topic: Questions About BiggerPockets and Official Site Announcements Topic: Raleigh Real Estate Forum Topic: Rapid City Real Estate Forum Topic: Real Estate Agent Forums Topic: Real Estate Crowdfunding Forums Topic: Real Estate Deal Analysis and Advice Topic: Real Estate Development & New Home Construction Topic: Real Estate Events and Happenings Topic: Real Estate Guru, Book & Course Reviews and Discussions Topic: Real Estate Investor Marketing Help & Advice Topic: Real Estate News & Current Events Topic: Real Estate Not-So-Successful Stories Topic: Real Estate Quizzes Topic: Real Estate Rookie Podcast Topic: Real Estate Success Stories Topic: Real Estate Technology, Social Media & Blogging Topic: Real Estate Wholesaling Questions & Answers Topic: Rehabbing and House Flipping Topic: Reno Real Estate Forum Topic: Renters Discussion Topic: Rent to Own a.k.a. Lease Purchase, Lease Options Topic: REOs Topic: Rhode Island Real Estate Q&A Discussion Forum Topic: Richmond Real Estate Forum Topic: Rio Grande Valley Real Estate Forum Topic: Riverside Real Estate Forum Topic: Rochester Real Estate Forum Topic: Rockford Real Estate Forum Topic: Sacramento Real Estate Forum Topic: Saint Paul Real Estate Forum Topic: Salem Real Estate Forum Topic: Salt Lake City Real Estate Forum Topic: San Antonio Real Estate Forum Topic: San Diego Real Estate Forum Topic: Sandy Springs Real Estate Forum Topic: San Francisco Real Estate Forum Topic: San Jose Real Estate Forum Topic: San Luis Obispo Real Estate Forum Topic: Santa Fe Real Estate Forum Topic: Saskatchewan Real Estate Forum Topic: Savannah Real Estate Forum Topic: Scottsdale Real Estate Forum Topic: Seattle Real Estate Forum Topic: Short Sales Questions Topic: Short-Term and Vacation Rental Discussion Topic: Shreveport Real Estate Forum Topic: Sioux City Real Estate Forum Topic: Sioux Falls Real Estate Forum Topic: South Bend Real Estate Forum Topic: South Carolina Real Estate Q&A Discussion Forum Topic: South Dakota Real Estate Q&A Discussion Forum Topic: Southeast NC Real Estate Forum Topic: Spokane Real Estate Forum Topic: Springdale Real Estate Forum Topic: Springfield Real Estate Forum Topic: Stamford Real Estate Forum Topic: Starting Out Topic: St. Louis Real Estate Forum Topic: Stockton Real Estate Forum Topic: St. Petersburg Real Estate Forum Topic: STR Strategies Under Travel Restrictions Topic: Surprise Real Estate Forum Topic: Tacoma Real Estate Forum Topic: Tallahassee Real Estate Forum Topic: Tampa Real Estate Forum Topic: Tax, Legal Issues, Contracts, Self-Directed IRA Topic: Tax Liens, Notes, Paper, & Cash Flows Discussion Topic: Tempe Real Estate Forum Topic: Tenant Screening Topic: Tennessee Real Estate Q&A Discussion Forum Topic: Texas Real Estate Q&A Discussion Forum Topic: Thornton Real Estate Forum Topic: Toledo Real Estate Forum Topic: Topeka Real Estate Forum Topic: Tucson Real Estate Forum Topic: Tulsa Real Estate Forum Topic: Tuscaloosa Real Estate Forum Topic: Upstate New York Real Estate Forum Topic: Utah Real Estate Q&A Discussion Forum Topic: Vancouver Real Estate Forum Topic: Vermont Real Estate Q&A Discussion Forum Topic: Virginia Beach Real Estate Forum Topic: Virginia Real Estate Q&A Discussion Forum Topic: Waipahu Real Estate Forum Topic: Waipahu Real Estate Forum Topic: Warren Real Estate Forum Topic: Warwick Real Estate Forum Topic: Washington D.C. Real Estate Q&A Discussion Forum Topic: Washington Real Estate Q&A Discussion Forum Topic: Waterbury Real Estate Forum Topic: Westchester County Real Estate Forum Topic: Western NC Real Estate Forum Topic: West Gulfport Real Estate Forum Topic: West Virginia Real Estate Q&A Discussion Forum Topic: Wichita Real Estate Forum Topic: Wilkes Barre Scranton Real Estate Forum Topic: Wilmington Real Estate Forum Topic: Wisconsin Real Estate Q&A Discussion Forum Topic: Worcester Real Estate Forum Topic: Wyoming Real Estate Q&A Discussion Forum Topic: Yukon Real Estate Forum
Create post

Please help $41,000 paid to a guru company to be refunded !

459 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 95
  • Votes 20

Debbie Lee
Investor from Illinois

replied almost 6 years ago

@Barbara G. after toss and turning on whether getting a lawyer or not, I think I might skip on this one. Simply I DO NOT have more money to burn knowing I have to pay tons to lawyer before they can do a " serious" job for me.

I will definitely use those public services like what everyone was saying and definitely use my CC dispute service.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 4.4K
  • Votes 1.2K

Manolo D.
Contractor from Los Angeles, California

replied almost 6 years ago
Originally posted by @Debbie Lee :

@Manolo D. I do understand chances of getting big portion of money back is slim, but at least I need to try all possible ways I can , if unfortunately fail, at least I know I have done my best.

 That is true, 41k is no joke, I could flip that twice in a year given I could get the job for it.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 95
  • Votes 20

Debbie Lee
Investor from Illinois

replied almost 6 years ago

@Joe Moore this is a great tool to have- legal shield !

After the mistake, I was telling myself "don't think from now on, I will ever sign any contract again ! " LOL, of course I am not ready to give up on RE investment.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago
Debbie

What date did you sign this contract?
What date did you give them your charge accounts?

It looks like you gave them your money faster then you are moving foward against this terrible company that defrauded you.

You must be more proactive if you want any chance of seeing your money.

How about showing up at their seminars with a big sign on you saying "Do not give this company any money as they defrauded me of $45,000,,  Do that everywhere they are having a free "seminar" or a paid one.

Get people from BiggerPockets and your friends to help you run a  picket line in front of their seminars

Rotate Log in or sign up to reply
user profile avatar
  • Posts 66
  • Votes 28

Account Closed

replied almost 6 years ago

Yes Guy is right on, we all have made financial mistakes in our REI careers (or at least I have and it was a doozy that cost me more than 41k). Use this experience in a positive way and absolutely don't let it define your future in REI. Just move forward on any future REI plans with great care. This board is a fantastic place to get good advice. If you had posted what you were about to do with that company on this board a month ago, everyone would have screamed STOP!!!!!!! But hey live and learn!

I'm not sure why you won't post the name of the firm. I guess you don't want people contacting the firm and mentioning your name as you still are trying to recover funds?

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago

Every one is trying to help you and you are refusing to tell us the name of the Company that scammed you??
Does that sound right?

Does that sound reasonable?

Some people don't know who their friends are!!!

Rotate Log in or sign up to reply
user profile avatar
  • Posts 566
  • Votes 268

Chris Winterhalter
Investor from Chicago, IL

replied almost 6 years ago

@Debbie Lee  

As others have mentioned I would definitely dispute all of the CC charges with your CC company as fraudulent charges, based on the company not providing the promised service/product.  

And our legal society is actually very parental.  Meaning if they can prove a sophisticated party has essentially outsmarted a non-sohisticated party in order to sign a contract or do business with that person then they can void the contract or agreement.  It's much different than buying a piece of real estate.  However you would need to hire the right lawyer/firm and that unfortunately may not be worth the cost and hassle to recover the remainder of the funds.  However it still may be worth the initial call.  

Also you may want to check with your closest university (w/ the best law school).  Many good law schools offer legal help to local businesses.  You may qualify for help (you may not). 

And as others have mentioned the internet is probably the most powerful place. Let your experience be known.  Best of luck!   

Rotate Log in or sign up to reply
user profile avatar
  • Posts 459
  • Votes 236

James Green
Wholesaler from Waldorf, Maryland

replied almost 6 years ago

Negative publicity won't change anything! You can google all the big ones & see that they are still giving "workshops" all over the country and in Canada & Australia.

Certified letter would probably help getting more money, but the contract you signed has a clear time table to ask for your refund. Your state may have a refund timetable ex) 30 days, that might overrule what you signed.

If you are over 18 and not mentally incapacitated, not knowing that you signed a piece of paper that was actually a contract, is something I don't think you can argue and win in court.

Those contracts are thoroughly reviewed by the gurus army of lawyers in the anticipation of refunds & lawsuits. 

IMO, get what you can, then take the free info & connections made on here to earn your money back & more. Don't let this expensive lesson sidetrack your REI success.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago

write to the attorney general below:

http://www.illinoisattorneygeneral.gov/consumers/i...

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago
Originally posted by @Chris Winterhalter :

@Debbie Lee 

As others have mentioned I would definitely dispute all of the CC charges with your CC company as fraudulent charges, based on the company not providing the promised service/product.  

-------------------------------------____________________________________

Everybody is telling you the same thing

#1

Get as many credit card companys that have billed  you on the phone and tell them this was a scam  

The company did not provide what they promised and they pressured you for hours to sign

Tell them this was a Bait and Switch.  It was supposed to be free

Tell them they told you to get over on credit card companys and walked you through the process that you did not want

Tell them you have NO MONEY TO PAY THE CREDIT CARD COMPANY AND WILL HAVE TO FILE BANKRUPCY IF YOU CAN"T GET IT OFF THE BILL   
TELL Them to Block the company from billing you again.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 95
  • Votes 20

Debbie Lee
Investor from Illinois

replied almost 6 years ago

@Barbara G. I understand everyone here is trying to help me and asking me to reveal the name of the company, and BELIEVE me I do want to make a big alarm publicly to warn people don't fall in the trap.

Thinking if reveal the name, this might make whole things more complicated, maybe I still want to negotiate with the company myself ? and I know some member from this BP forum works for them, so there are just reasons holding me back. and believe me, I am not clear and certain right now after going through this lengthy forum with many many suggestion.

Please understand me here, I might consult some people first then I will go from there.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago

There are time limitations on refunds

Your time is running out

March is almost over

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Team, and Single Family
  • Posts 33K
  • Votes 46K

Jay Hinrichs
Real Estate Broker from Lake Oswego OR Summerlin, NV

replied almost 6 years ago

@Barbara G.

  if I did not mention it before.. most if not all guru refund policies clearly state that the person getting the refund shall not publicly bad mouth the company in any way.

they make a big ta do about the refundee signing this document and keeping quiet.

so this is why this lady is probably reluctant to name name's as she would like her money back first and foremost .

The fact is EVERY guru operates the exact same way.  these are all methodical sales practices handled by back end fulfillment companies.. the guru basically has no clue ... its the fulfillment companies that have the boiler rooms and personal that collect the dough etc.  and they are 3p vendors.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 174
  • Votes 51

Judd Campbell
from Georgetown, Kentucky

replied almost 6 years ago

Subscribed.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago
Originally posted by @Chris Winterhalter :

@Debbie Lee 

And our legal society is actually very parental.  Meaning if they can prove a sophisticated party has essentially outsmarted a non-sohisticated party in order to sign a contract or do business with that person then they can void the contract or agreement.  It's much different than buying a piece of real estate.  However you would need to hire the right lawyer/firm and that unfortunately may not be worth the cost and hassle to recover the remainder of the funds.  However it still may be worth the initial call.  

Also you may want to check with your closest university (w/ the best law school).  Many good law schools offer legal help to local businesses.  You may qualify for help (you may not). 

 -----------------------------------------------------------------------------------------------------

After you ask all the credit card companies to reverse charges back to the credit card company ask them for new cards with new credit card numbers  DO NOT cancel your credit cards

THEN do what CHRIS SAYS and see if you can talk to a local law school and see of they have anyone  to help you there.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 20
  • Votes 3

Heather Thompson
from San Rafael, California

replied almost 6 years ago

Hi Debbie,

So sorry you're going through this. Your biggest argument is not that they charged you $40k but that they didn't deliver what they promised for that money. I would file a complaint with the Better Business Bureau, stating the reason for your complaint in detail on all the things they did not deliver to you, it will lower their rating with the BBB which no one wants. I would also dispute the charge if you put it on a CC and your CC company will reverse it. They would then have to take legal action to collect from you. Lastly, I would call them back and ask to speak with a manager. Explain why you are upset, tell them you have nothing but time to bash them on every social media outlet around if they do not refund your money. Assure them that the money they will lose from your bad PR on sites like BP would far exceed your $40k and that you WON'T STOP doing it until you receive a refund, even if it is YEARS. Let us know how it goes!!

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago
Originally posted by @Heather Thompson :

Hi Debbie,

 I would also dispute the charge if you put it on a CC and your CC company will reverse it. They would then have to take legal action to collect from you.

---------------------------------------------------------------------------------------

 Everyone agrees

Your best shot is to call all the credit card companies and ask them all to reverse the charges Back to the Guru company.  See if you can get them ALL to do it.  See if you can get some to do it, or even one.  That is the first and most important step and let us know asap what the Credit card companies did for you so you can go on to the next step

BG

Rotate Log in or sign up to reply
user profile avatar
  • Posts 243
  • Votes 157

Ken P.
Rental Property Investor from Northville, MI

replied almost 6 years ago

$41k?! My heart went out to you reading that number when I thought about what it could have done when invested by your own hand with some guidance from members of a local REIA and the deal analysis community here on BP. Even in the Naperville area that is enough to get going with buy-and-hold or fix-and-flip, where you could learn by doing with knowledgeable advice along the way. I don't know what it is about real estate, and maybe it's not confined to RE investing, but the generosity of successful investors who share their knowledge at local REIA meetings or here on BP is just amazing.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 95
  • Votes 20

Debbie Lee
Investor from Illinois

replied almost 6 years ago

New update: i just received a email from the guru company as below:

I will submit your request a second time and try to get you a little bit more of a refund. Please allow me until Wednesday to get back with you.

Are they trying to hold me back on doing any actions?

I should still go ahead to file a dispute from my CC companies.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 57
  • Votes 13

Lance Van Buren
Real Estate Investor from Corpus Christi, Texas

replied almost 6 years ago

Debbie just do it instead of saying you are going to do it like you have been doing the last couple days. File a dispute with your CC as of today.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago

The Geru company  is trying to run the clock against you

They know your chances of getting a refund are slimmer and slimmer as time goes on

March is almost over

Do not believe one word that GURU group is  telling you

They don't know if you are talking to the credit card companys.  They know they have talked you into spending all that money and they figure they can out talk you NOW.  

They are trying to get you to lose all your valuable time. Don't let April get here.   Your ONLY chances are fading fast, do it TODAY and do it NOW or you will be so sorry you did not listen to people who have your interest at heart.  This GURU Company is one Big Scam and every body knows it, including the credit card company, and the Attorney Generals 's office and just everybody.

Call the credit company right now

Rotate Log in or sign up to reply
user profile avatar
  • Posts 874
  • Votes 218

Barbara G.
from Hartsdale, New York

replied almost 6 years ago

BY the way Debbie

Wednesday is April 1, 2015 and that's what they want you to do.  They want to get you out of March into April so your chance of getting your money back from the credit card company will be down to zero

Rotate Log in or sign up to reply
user profile avatar
  • Posts 81
  • Votes 51

Amanda Hoening
Real Estate Investor from Grand Junction, Iowa

replied almost 6 years ago

@Debbie Lee

 Sometimes in real estate you've just got to pull the trigger.   This is one of those times, file that dispute NOW. 

Why why why are you being so understanding to a company who is ripping you off? 

What do you think it will accomplish by waiting on their terms? have their terms been favorable to you at any point?

The longer you wait, the more of a chance you will lose out.   

Rotate Log in or sign up to reply
user profile avatar
  • Posts 22K
  • Votes 13K

Bill Gulley
Investor, Entrepreneur, Educator from Springfield, Missouri

replied almost 6 years ago
Originally posted by @Debbie Lee :

Hi to all investors out there, hope you have any advise or resource to help me out.

About 3 weeks ago I paid about $41,000 to a real estate investing company. After I have paid, their attitude and responsibility promised to me changed totally. Slowly I lost my trust on them, so decided to go ahead and ask for a refund.

after a couple of phone calls they only agreed and only refunded me $14,500 and will further refund my $4,500 if I sign their refund agreement ( I guess they are trying to get me sign and agree those are the amount I agree to be refunded and I can't take any other further action to ask more refund), I said I have to call you back. The only reason they holding strongly to argue with me for not willing to refund the most of the amount paid is that I have signed the contract ! They have so smoothly get me to sign a piece of agreement paper, without making it clear that was a " contract" I signed.

Please, do you have any advise or resource that can help me get most portion of the money back?

any suggestion or advise is greatly appreciated !

Okay, didn't read all the post, you need an attorney, sue them! Be very careful in taking any refund as they usually have sties attached.

At 41K, you need to get an attorney!

41K.....REALLY? My question is.......how can you have that kind of money and be sooooo naïve?

Anyway, that is a significant amount, any new  attorney admitted to the state bar should be able to take care of that, collecting is another matter. But, get an attorney, their offer will probably go up! :)

Rotate Log in or sign up to reply
user profile avatar
  • Posts 1
  • Votes 2

Colette LaVoy
from Las Vegas, Nevada

replied almost 6 years ago

You don't need a lawyer, you can do it your self. Write a letter to the company stating why the promises they made were false and you are unsatisfied. Then create a list of radio stations, tv stations, BBB, government agencies and such that you will be delivering the grievance letter if they do not refund your money. I did this very thing and it worked!

Rotate Log in or sign up to reply
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • …
  • 18
  • 19

Related Discussions

  • Buying & Selling Real Estate DiscussionGuru SeminarsJan 14 2016, 12:52
  • Starting OutAre Real Estate Seminars worthwhileMar 25 2016, 01:07
  • Real Estate Guru, Book & Course Reviews and Discussions$41,000 lost - Guru company nameJan 25 2019, 06:18

Related Blog Posts & Podcasts

  • BiggerPockets Daily 95: Zillow’s In-House Brokerage Launches Next Month—Here’s What Agents & Investors Need to Know by Dana DunfordJan 17 2021, 00:00
  • Best Deal Ever: How a 150-Day-Old MLS Listing Paid Off Big Featuring Joe LieberJan 14 2021, 09:26
  • BiggerPockets Business Podcast 90: How Solo Entrepreneurs Can Improve Their Products and Businesses with Ben FosterJan 11 2021, 23:02
Related Resources Real Estate Guru, Book & Course Reviews and Discussions
Investor Spotlight: From Accidental House Hack to Financial Freedom Featuring Whitney Hutten
How Much Do You Need To Save for Your First Investment Property?
Investing for Equity vs. Cash Flow: Which Is More Important?
Note Investing: How To Find & Finance Real Estate Mortgage Notes
Investing in Real Estate Mortgage Notes: How To Earn Passive Income Without Tenants or Toilets
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

J Scott
J Scott
Sarasota, FL
6.43
Score
Frank Nolan
Frank Nolan
Rancho Palos Verdes, CA
4.29
Score
Aaron Mazzrillo
Aaron Mazzrillo
Riverside, CA
4.29
Score
Jay Hinrichs
Jay Hinrichs
Lake Oswego OR Summerlin, NV
4.29
Score
Ashley W.
Ashley W.
Miami Beach, FL
4.29
Score
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.