Colluded Effort With No Transparency...HELL NO!!
After investing $32,000.00 for a diamond membership that was advertised with the sponsorship component during the seminar, my expectations was to receive sponsorship assistance, particularly in understanding and securing commercial loans for my cash-flow deals. I underwritten roughly 10 multi-million dollar deals from 248 Units down to 27 Units with exceptional skill. Our coach "Todd Schowengerdt" informed me never to send any of my deals through the company portal where everyone significants can review it. so I had to send them directly to him for approval, once he finish praising me for a excellent job well done, with indisputable an attractive returns, combine with value adds increasing the probability of a successful deals right in front of him meeting all the parameters. Days will go by before we hear from him to initiate contact with the sellers broker to submit a LOI. He would then encourage me to send my file and complete due diligence to an affiliate of RE-Mentor name "Kevin Jenkins" @ Northmarq.com that provides mortgage loans for paid participating students. with all my deals not once was I ever able to receive well over 50% LTV to close the deal. constantly venting my frustration to the coach he would seem confused as if its unusual for this to be the case on a consistent basis with every great deal presented. The conspiracy of a colluded effort kicks in when the coach would suggest I go to a bank and attempt to get funded without the liquidity and education or Bio of a qualified sponsor to navigate the complexity of commercial mortgage requirements. This was the ultimate purpose I specifically paid for within my $32,000.00 to assist me with these efforts of obtaining financial assistance. So why should I be informed to walk into a bank and be politely denied a commercial loan for millions of dollars. when other Foreign and Caucasian participants are not only receiving 70% to 80% LTV but also enjoying the benefits of their money with the luxury of deciding which sponsor best fit their deal to help them close with ease. As much as people will like to believe racism has long passed, the truth is it's upon us in every aspect of life. So now I have been waiting for a response from RE-MENTOR for almost two months after countless phone calls and emails to every head figure in the company, including employees I personally interacted with. My one year membership is up in May, it's apparently clear no one wants to address the compliant, and would rather the clock run out to justify their blatant disregard for Consumer Protection Laws, even the owner himself that I respectfully reach out to directly, "Mr. David Lindahl" Has yet to contact me to discuss any details of my experiences. To be thoroughly knowledgeable about the success rate in this company for African American compared to the percentage of other ethnic groups, I would seriously suggest you do not believe the hype. It's simply a Pyramid Scheme design to Upsell you which is far from helping you succeed according to: "Federal Trade Commission" Involving Real Estate Seminars and Investment Coaching. Do Your Research!!!