Investor · Peabody, MA · Member since 2015 · 114 posts · 107 votes
Premier Mentoring AKA
Alternate Business Names
Advanced Financial Training
Advanced Real Estate Education
Financial Media Group, LLC
Find and Flip
Flip Advantage
Flipping Formula
Loral Langemeier
Premium Financial Training
Property Bank
Property Wars
Real Estate Addict
Success Path
Top Trader
Trend Trading
Zurixx, LLC
No one talks because if they got money back they signed a ridiculous agreement that states they will forfeit the refund if they bad mouth them. They also make the person remove all negative online reviews. Additionally any and all legal steps a person may take can only be done in the state of Utah.
I know this because I have this agreement sitting in front of me ready to sign for a fraction of the total amount owed.
San Marcos, CA · Member since 2017 · 2 posts · 3 votes
9y
I am sorry to hear about your experience. Once again they WIN.
A group of us are ex-employees and clients and we have retained an attorney for a CLASS ACTION CASE.
If you have lost money like we have reply here so we can talk. We have each lost $150K in her secure and fraudulent investments. If you have had financial harm, deception, fraud, etc, done there is no cost to join our case, we have funded it ourselves to help the rest of you out who may not be able to.
Investor · Peabody, MA · Member since 2015 · 114 posts · 107 votes
10y
Yeah my complaint is in that list. They offered me $10 grand initially when I sent them a letter saying I'd send the details of their scam to every news media outlet I could find.
Next I filed a complaint with the BBB and was offered $15k and they said they would close the complaint if I didn't accept soon. I didn't and they closed the complaint!! How is that possible? It was closed and marked resolved...what?
After this I filed complaints with every government agency I could. Utah and Massachusetts Attorney General's offices both said they'd look into it. Massachusetts actually outsources their complaint research. That company sent a letter or form to the Utah address and said it came back returned. I gave them all of the contact info I could find for the company but they never did anything more.
Finally I contacted AREE and said I was going to pursue legal action unless they wanted to give me $30k, half. (We're actually out $60k but I put $41k in the post title because that number seems to get people's attention.) He said he'd give me $20k and sent me the agreement that I referenced in the main post. Of course he said I'd get nothing if I pursued legal action. Okay so why do you keep offering me more money to go away?
So here we are. My lawyer said they actually aren't even licensed to do business in the state of Massachusetts but they've found some way around that. He told me but I zoned out on the legal jargon.
Investor · Salisbury, MA · Member since 2015 · 240 posts · 69 votes
10y
That hurts. I realized how full of it many gurus are when they try to tell everyone they can wholesale properties with little or no money down and earn 6 figures.
From experience: This not for everyone. It takes a special kind of person to acquire properties at 70-75% of ARV and talk folks out of their equity. Secondly, it takes someone that will implement marketing systems and be able to juggle hundreds of leads and stay on top of them, all the while continuing to rub elbows with new investors, contractors, attorneys, and brokers.
A person can get eaten alive if they aren't prepared. Nothing about investing is easy. However, it IS very rewarding for those individuals that can do it.
It sounds like you are pretty thorough in what you are doing to recoup your losses. That same determination will go a long way in the business, I believe.
Maybe I missed it but what exactly is the problem? Did you pay them the money and they did not provide the product and/or service that you agreed to buy, or do you now regret the purchase and are trying to get your money back without accepting the product and/or service they are willing to provide?
Developer · Boston, MA · Member since 2013 · 128 posts · 66 votes
10y
@Peter Bowring- steer clear of that group and anything with marketing for "investors summit". i did the FF course and it was exactly as people on here describe. got my money back by earning it doing real work and not from this group who keeps upselling until they know you're a dead lead. never any support after the sale beyond 2-3 calls and then more upselling.
Investor · Big Spring, TX · Member since 2016 · 140 posts · 59 votes
10y
Sorry this happened to you. I can't figure out why so many people get involved with these Guru's or how they can justify spending so much money with them. I saw the other day a guy complaining that his couch was not living up to his end of the deal. He had already paid him in advance for services not rendered and was mad for not getting taught how to buy a property quick enough.
Please don't read that wrong, I do believe you are a victim of that scam. I hope it hasn't made you change your mind on investing in real estate and I wish you success on retrieving your money.
Real Estate Investor · Norwood, MA · Member since 2016 · 81 posts · 27 votes
10y
@Erica Naglecrazy story, sorry you're goin through all this. guess I did myself a small favor by not going to the recent flipping formula events in this area that were being advertised all over the web.
Real Estate Agent · Peabody, MA · Member since 2016 · 15 posts · 3 votes
10y
@Erica NagleI'm so sorry to hear about the loss of your hard earned money. It seems like you've already gone to great lengths to try and get it back. If it were me, I would keep doing everything possible to put them out of business permanently. Until someone shuts them down, they're just going to go from one victim to the next.
Don't give up. And no matter what happens, don't give up on investing in real estate.
Investor, Developer · Brookline, MA · Member since 2015 · 46 posts · 10 votes
10y
Three words: class auction lawsuit. I hope you find the right law firm and enough victims. Please continue to post updates, this is revolting to say the least.
Sorry to hear about the fun you're having. I am quite familiar with these "coaching/mentoring/bootcamp" outfits. Please listen to from the archives . . .
This company has a very lucrative relationship with all of the biggest gurus in real estate and all other kinds of personal and financial success.
If a success guru comes to your town with a "free seminar," these are the people who call you later with "an opportunity to work one on one with a mentor," even if you didn't buy the course offered at the back of the room for a "today only special!!!"
You can get some attention by complaining with the BBB or Ripoff Report but trust me, the thing they fear most is being reported to the State Attorney General. You did the right thing with that! Keep after it!
San Marcos, CA · Member since 2017 · 2 posts · 3 votes
9y
I am sorry to hear about your experience. Once again they WIN.
A group of us are ex-employees and clients and we have retained an attorney for a CLASS ACTION CASE.
If you have lost money like we have reply here so we can talk. We have each lost $150K in her secure and fraudulent investments. If you have had financial harm, deception, fraud, etc, done there is no cost to join our case, we have funded it ourselves to help the rest of you out who may not be able to.
Miami, FL · Member since 2015 · 154 posts · 38 votes
9y
@Erica Nagle wow that's insane I hope everything goes out well. With all that money people are investing into these Real Estate guru seminars could've been spent purchasing a property...