• Report: #772567

Complaint Review: The Nick Vertucci Companies / Innovative Holdings Group / Nick Vertucci / NV Companies | Ripoff Report Verified™ …businesses you can trust. Nick Vertucci Companies, Inc. brings solutions to the challenges that come with investing in bank owned foreclosures. By overseeing the entire project every step of the way, Nick Vertucci Companies simplifies the process of succeeding in Real Estate investment

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  • Submitted: Fri, September 02, 2011
  • Updated: Wed, October 02, 2013

  • Reported By: Bill — Aston Pennsylvania United States of America
Armando Montelongo World Wide Inc.
239 Dalehurst, San Antonio, Texas Internet United States of America

Innovative Holdings Group REVIEW: Nick Vertucci Companies commitment to total customer satisfaction. The Nick Vertucci Companies past and current approach to business is focused on providing the highest real estate investing opportunities to their clients.
*UPDATE: The Nick Vertucci Companies pledges their commitment to Ripoff Report Corporate Advocacy, Business Remediation and Customer Satisfaction Program. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. The Nick Vertucci Companies recognized by Ripoff Report Verified™ as a safe business service.

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EDitor’s UPDATE: Positive rating and recognition has been given to Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group for its commitment to excellence in customer service.

Ripoff Report’s discussions with Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group have uncovered an ongoing commitment by the company to total client satisfaction. This means that clients can expect that the company will work towards finding a mutually satisfactory resolution to any complaints or concerns. Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group listens carefully to client concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services. [continued below]....
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Welcome to The Nick Vertucci Companies! from Nick Vertucci | Investor on Vimeo.

Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group CEO Mr. Nick Vertucci states that he is committed to proving the best experience and service in the industry. Another top executive of the company told us that Mr. Vertucci’s personal business philosophy is one that is centered around helping the investors become successful and providing them with only the best investment opportunities available. “Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group is the best at what we do because we are constantly staying ahead of the real estate investment markets.”

The information provided in this report is based on comments made Jamie Tomlinson during an on-site inspection held by a third party verification company with no biases toward Nick Vertucci Companies.


Nick Vertucci is Ripoff Report Verified
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
Nick Vertucci Companies’ vision is to help people get into cash flow properties so that they can benefit from passive income for years to come. Their goal is to educate, support, and encourage investors. Jamie Tomlinson, Vice President of Operations noted: “Our target market is very diverse, from retirees to young single and married people. We pride ourselves in being the best and always staying on top of the cash flow and flipping markets.”

The company mentioned that they acquire leads through word of mouth, their radio show, and through various educational venues. Nick Vertucci Companies mentioned that they personally ensure the end consumer is receiving the best customer care possible during their experience by asking the “right questions” at the beginning. They make sure their investors are educated and actively participating in their success. The company is standardly communicating with the investors in an ongoing basis. Tomlinson mentioned: “All of our investors know we are here for them for the long haul.”

During the course of the onsite interview, Nick Vertucci Companies stated they have little to no complaints. If there is a complaint, Nick Vertucci and Jamie Tomlinson are personally involved with every complaint.

Jamie Tomlinson described an issue regarding a time when a client was not satisfied with the level of service they received: “We had a client post on Ripoff Report and after we spoke with them. They wanted to remove the post but were unable to have it removed.” Tomlinson went on to explain: “Our staff has always had the autonomy to do what they need to do to take care of the customer. Always. Customer Service has always been top notch. We are constantly striving to make sure we are the best.”

Since the company has received complaints on Ripoff Report, they stated they continue to serve their investors at the highest level. Furthermore, they are excited to be a part of the Corporate Advocacy Business Remediation and Customer Satisfaction Program because the feel this step is necessary to build their relationship with Ripoff Report and create even more trust with their investors.

Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group / Statements from the owner.

"I will always ensure that my staff is trained, my investors are educated and informed, and that I personally will be involved with every aspect of the business. This I feel creates an environment of open communication, and happy, knowledgeable investors and staff."

Nick Vertucci Companies Testimonials

Investor Testimonial from Nick Vertucci | Investor on Vimeo.

http://www.nvcompanies.com/testimonials/

Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group employees are trained, qualified and always willing to do what they need to do to make sure that the investor has everything they need to be successful. Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group as a whole is the premier organization to help investors start or to grow their cash flow portfolio.

Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group investors feedback is always positive, as they quickly come to learn that they are a part of the family, and that investing with us will be a great experience.

Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report’s Investigation Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.

NV Companies Webinar from Nick Vertucci | Investor on Vimeo.

In summary, after our investigation, which included discussions with Mr. Vertucci, and many of his past and current associates, Rip-off Report is convinced that Nick Vertucci Companies/NV Companies/IHG/Nick Vertucci/Innovative Holdings Group is committed to quality delivery of services resulting in total client satisfaction.

Read more about why consumers should feel confident when doing business with a member of Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.

Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,.. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.

As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.

NOW TO THE ORIGINAL REPORT THAT WAS FILED

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Armando Montelongo World Wide Inc. Nick Vertucci Companies Ripped off by Armando and his friends. Internet

I want to be fair, Armando Montelongo has taught me so much, and has really helped change my life.  However, I paid $40,000 to go to 4 different seminars, one of which was held in Riverside CA.  During that seminar his first words were to trust him.  He told us that he knew the responsibility his company held, and that we placed more than money in him, we placed our hopes and dreams.  And he was correct.  While at the seminar he got us really worked up, Buy! Buy! Buy! was the chant.  "Millionairs make decisions when?", "NOW!", we would all reply.  He kept us up until 2 -3AM every night, and pumped Club music into the room at super high volumes the entire time.  He would teach a little, them party, then teach, then party.  It never ended.  I learned alot, and had alot of fun. 

When you came out of the hall where Armando was teaching, there was an area that was covered by a giant black curtain.  Inside that currtain were three companies, each set up at different tables.  The first two companies I have no problem with so I will not name them, however the third company was owned by Nick Vertucci.  Nick Vertucci handles all of Armando's cashflow lessons.  He is most likely one of th greatest buy and hold real estate entrepenures that I have ever seen.  I what he taught during the seminar was incredible.  I really learned alot, I also really paid alot to get that knowledge.  The stand that Nick had set up was covered in folders with pictures of different properties on them.  Each on with a purchase price, and a the potential cash flow each property could potentialy make.  One would think that it would be a conflict of intrest to sell real estate at a convention where the majority of the people came to learn how to flip, not purchase from a group of men that had just got us all for $40,000 each.  I purchased two homes.  To purchase you had to sign paperwork and then put $5000 down on the home.  At the time they called the $5000 a cunsulting fee.  I got home and found out that there were all kinds of hidden fees, and so I backed out of the first house immediatly, within about two weeks I backed out of the other.  When I told them I wanted to back out, keeping in mind I never signed a purchase agreement, I signed something in California but never recieved a copy, NV Companies tried to make it seem like they were doing me a favor.  I have the right to back out, and when I did, they told me that they were not going to refund my $10,000 cunsulting fee,  they said they would keep it in case I wanted to purchase anymore property from them.   I don't want any other homes, I want my damn money!!  Armando Montelongo holds our hopes in a terrible economy, shame on you Armando, and shame on you Nick Vertucci.  In the end I backed out because my disabled wife went into the hospital, and my 3 year old daughter, ridden with cancer is in and out 3 times a week.  I am unemployed and trying to get this new company off the ground.  I have enough problems, I don't need to be jerked around by a couple of millionaire bastards.  You hold my hopes and dreams Armando?  Well now what?  You told me to trust you and your people and I did, and you robbed me.  Armondo Montelongo does a good job educateing you to in real estate, but don't trust him as far as you can throw him.  He will take every last dime and think nothing of it.  To him it's only business.  And Nick Vertucci is worse, he knew that everyone I loved was sick, and why I was backing out.  He knew and just didn't even care.  How very christian of you Nick. 


This report was posted on Ripoff Report on 09/02/2011 09:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Armando-Montelongo-World-Wide-Inc/internet/Armando-Montelongo-World-Wide-Inc-Nick-Vertucci-Companies-Ripped-off-by-Armando-and-his-772567. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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REBUTTALS & REPLIES:
0Author 2Consumer 2Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

DEFENDING MY REPUTATION

AUTHOR: Nick - (United States of America)

I am responding personally to this report to defend my reputation. My company has done hundreds of cash flow investment properties for investors. My reputation is flawless. The only time any complaint is brought up like this which is rare is because people like this person are not accountable. They are not accountable for their decisions. They are not accountable for their actions or breaking of contracts.

Our company takes a 5,000.00 deposit upon the buyer agreeing to purchase each property. This deposit serves the eaxct business purpose it protected my company from which is change of mind and costing my company time and money. It is called an EARNEST MONEY DEPOSIT (EMD) This is common in every real estate deal. It protects the buyer from the seller selling the property during the time of contract to close escrow. It also protects the seller ME! from buyers who agree to buy the property and hold up the closing for weeks or even months and not close. Like in this case this buyer did exactly that. He had my companies hold the property with intentions of closing and executing his signed contract. But he did not do that he defaulted on his contract.

Let me explain why this is just mkore than the priciple of defaulting on an agreement. My companies buys each and every one of our properties and rehabs them and puts renters in them. This takes a lot of working capital. Their is a cost of money!!!! When we hold a proeprty for weeks and do not close and have to re market them that costs us holding costs. The deposit covers our interests if in fact someone defaults like in this case.

In closing this is in fact not personl and I have no idea what this gentleman is talking about in regards to his sick family or what that has to do with me. I will say I hope they are fine and my prayers are with them. But this has nothing to do with that. It is a real shame that on this site you can post anything with no facts or vetting process. Go on try it just post away and ruin peoples reputations with no facts just opinion.

I hope this rebuttal helps the understanding of this mis leading post.

Respecfully,

Nick Vertucci
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#2 Consumer Comment

Armando and Nick Vertucci are Not a Ripoff

AUTHOR: phillygirl7 - (United States of America)

I have been to the Armando classes and learned a great deal.  Nick Vertucci is an excellent speaker and  one of these days I will find his radio program, he's very passionate about the business and eloquent in his speaking. 

If I had one thing critical to say about the Armando program, it would be that you know going in not everyone will succeed in this business.  But if you can connect with others at the program outside of your circle of people you know, as Armando asked us to do again and again, you can learn to make these deals, again and again, all over the U.S.

One of my favorite parts of the Armando program is he encourages 2 people to participate for the price of 1, at least that was the way it was when we signed up.  He does that knowing that 2 people working together are much more successful at this business than one working alone.  My husband went kicking and screaming to the first event, but we ended up signing up and it has been life changing for us.  We still own another business, but we can see the point where we can sell our business and rely on real estate investments.

  It is absolutely true that once you start succeeding in this business, the deals come to you.  It is indeed a good market to buy properties at a low price and either flip or hold on to them for a few years and collect rent rolls.  Low real estate prices and high rental markets are an excellent reason to get into the Armando business plan. 

I have also bought two properties from Nick Vertucci's company, and I can say that I was treated very fairly through the entire process, and while I like one property more than the other, it is simply because one cash flows better than the other. 

Thank you both, Armando and Nick.

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#3 REBUTTAL Owner of company

MR & MRS CHANGE OF MINDS !

AUTHOR: Nick - (United States of America)

To whom it may concern.
 
I would like to address this post personally. My name is Nick Vertucci one of the two names that were slandered by this post. Let me start by saying I understand that there are many people in our country who do get ripped off. I also understand this is a forum for that. But I want to voice my displeasure with this system. There are no guidelines or proof required to post in here. You can simply log on and tear down someone unjustly. Remember folks there is always two sides of a situation. I plan to outline this post with facts as I know who posted it. I will post their names just as they did mine. My intention is not to be defensive or to slander this couple but to simply state the facts. I would hate to see any new potential students and or investors miss out on one of the best systems to investing in our nation due to someones incompetence and lack of knowledge in a business agreement.
 
On August 8th 2011 I met Bill and Dianne Robinson from Aston PA. As Bill mentioned they listened to me speak at a training event about cash flow properties. I want to thank Bill for his compliment in his post of being one of the greatest buy and hold investors in our nation. And as stated by Mr. Robinson, I am glad you learned a lot. The Robinson approached me during that weekend and expressed interest in buying two cash flow properties. We discussed in detail the properties, the system and the details of doing so. I spent a lot of time with them in the process and they wanted two properties that they handpicked. Now as many may or may not know in a business transaction especially a real estate transaction there is something called an earnest money deposit. They place a 5,000.00 EMD/ commitment fee per property. We have limited inventory and the Robinsons executed two agreements and two deposits and were very excited about their decision.
 
Our company continued to fulfill our obligations as the seller and in the process we received an email from Diane Robinson on August 31st  informing our company (23 days later) that they would not be meeting their obligation in our agreement as the buyers and wanted out. She simply stated at the time that they changed their minds and had cold feet. My representative Andy Brown informed the Robinsons that their 5,000.00 per property would be forfeited per the signed agreement. The reason an earnest money deposit is collected is for this exact reason. Our company as the seller cannot sell the property to another buyer for any reason as the agreement protects the buyer from this. Same as the EMD/ agreement protects the seller from losing money and having the buyers back out for change of mind. Our company has carrying/money costs and have not been able to sell our inventory which effects our cash flow processes.
 
To be clear at the time and our company has emails to support this there was no mention of any medical or distress situations by the Robinsons. And to be clear that would not be a legal factor to unwind a real estate transaction regardless. But when the Robinsons became aware that their deposits were not being refunded then they did then inform our company of their personal issues. When my associate Andy Brown informed me of their plea I then agreed to not let the monies be forfeited and agreed to hold them for a later date for if and when the Robinsons decided it was a better time for them to execute the purchase of two properties. We have emails supporting how thankful the Robinsons were for us doing so. The were very appreciative at the time.
 
Recently I was at another event and a student informed me of this online slander which I had no idea was posted here until I looked for it. It didnt take long for me to realize it was Bill and Diane Robinson but I was puzzled by this as I went the extra mile protecting their monies and not allowing the deposits to be completely defaulted. So my associate Andy Brown contacted Mr. Robinson who told him Yes well I thought about it and I changed my mind on how I feel about it Then proceeded to use foul language during the conversation. This was not a shock as it seems like Bill Robinson changes his mind on most everything he does or agrees to. As he mentions in the same rant that he chose to pay Armando his fee for the training and mentions how much he learned from him but now wants his money back and is slandering Armando as well.
 
In closing I hope this rebuttal helps make the point that this site which may help expose some real rip off artists also can serve as a forum that can taint the good name of many good people. You decide?
 
Our company will be filing a slander lawsuit against Bill and Diane Robinson for their unfair and non factual post. As you know reputation is really everything and we are all one mouse click away from reading or determining  an opinion of someone. But it is a shame when the character of an individual is slandered and they are not worthy of the slander. This can cost them their reputation and livelihood in the process.
 
Respectfully Submitted,
 
Nick Vertucci     
nick@nvcompanies.com
 
P.s. The post below where some woman named Lucy piled on and posted she has a friend who was ripped off by me for 800k. Well that is the most absurd thing I have ever. Lucy my reputation is very important to me and my company will be contacting the website company and will be requesting your contact information so you can in fact provide any information or support to back up that careless post. Of course you will not be able to as it is not true. You will be added to the defamation/slander lawsuit as well.               
 
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#4 Consumer Comment

Also ripped off by Armando & Co.

AUTHOR: Lucy - (United States of America)

So, does anyone out there know of any class action lawsuit in process against this crook?  He stole approx. $37K from me and I've been searching for a class action for the past 2 years.  I am aware of Vertucci as well.  Fortunately, I personally was not ripped off by him, but a friend of mine was - to the tune of over $800K!  He has sought legal action on his own.  I fought and lost through the credit card company because they didn't take action immediately when I reported the problem, but still I have been paying 19.99% interest on this bill for 2 years and it sickens me that he still even solicits me when he's in the area!  These people sure aren't conscientious with the paperwork and tracking their many disgruntled customers.  Please please please - if anyone out there knows of a class action, please advise.  Thank you.
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