Realtor · Phoenix, AZ · Member since 2019 · 5 posts · 2 votes
3y
This company is a ponzi scheme, flat out. Myself and my mom were former clients of this business and can attest to the fact that Terrance Burner and Taya Lee scammed us.
Terrance basically marketed Invictus as a "hands off out of state real estate investing company". They pitched to overworked middle class folks that they do "95% of the heavy lifting". They find and fix the deals and we sign the checks.
The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.
However, that is not at all what he did.
In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did. Taya covered for him and lied about repairs being completed when they were not, hid real damage with the progress photos, and so much more.
I paid 13k for a roof on a property last November that was never completed, when I confronted them about it, they lied and told us that it had been and took deceiving photos that hid the work that had not been completed. Then they ghosted us and told us to figure it out on our own.
He "re-leveled" one of our properties with cardboard, used a trashcan as a sump pump, and the list goes on. He never used our renovation money for renovation.
He also stole my mothers security deposit from her rental and so many more shady things I could go on all day.
I have a list of property managers, contractors, former clients, etc that he has screwed over and have completely blacklisted him.
He even had former employees hire the contractors, so when he didn't pay them, they couldn't sue him but ended up suing is poor employees.
He has bragged about never being able to be traceable because he sets up his LLCs in such a way he can operate without legal ramifications,
This man has no moral compass and has stolen the retirements of so many people.
He did all of this so he could fund his new syndication business MENACE CON, with his other partners Nicholas Trevillian and Jason Von Payne... I believe he is dissolving Invictus because he is being hit hard with legal ramifications from other former clients.
Don't know how he scrubbed all the bad reviews that were on the internet 6 months ago but If you have been scammed by this man, please find our facebook group. There we will be gathering to share our experience so no one else gets fooled by this slimey character.
I have all evidence to back up my claims, feel free to reach out if you have more questions.
I wish I had seen this a lot sooner. They told us the price of the renovations would be included in the purchase of the home and we were nieve enoough to believe them. We failed to make sure that part was in writing. We worked with them and they did just enough work to say they did something, then dropped us. Everyone stopped responding to us and their emails wouldn't go through. The only contact information I had left was Terrance Burner's and when I reached out to him, it started a month's long conversation of me basically begging him to do what they said they would do. He responded, but with very little action. Then we started having issues with the city code enforcement and water company and being fined. Since Terrance wasn't doing anything to get contractors to do the work and we were loosing money on it, we sold it for around the price Invictus purchased it for, which did not include the renovation money. When I asked Terrance for that money back, he said he did not know anything about it. I asked to be reimbursed our Project 100 money, and he said that since we used the program, he would not. Even though they did not follow through to the completion of the project. He then blamed me for selling it. We corresponded for about ten months, going in circles. I can only speculate that he kept responding to cover his butt, but he did not come through with his word.