• Report: #853932

Complaint Review: David Campbell

  • Submitted: Wed, March 14, 2012
  • Updated: Sun, November 25, 2012

  • Reported By: The Real Investor — Dallas Texas United States of America
David Campbell
77 Solano Sq. 257 Benicia CA 94510 Benica, California United States of America

David Campbell Fourth Dimension Real Estate, Promoter, Mentor, Investor, Developer Promotes loosing real estate deals in Texas. Knowingly takes peoples money when the deal is bad when he walked in the room. Benica, California

*REBUTTAL Owner of company: I'm here to serve our clients and solve problems.

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He took several peoples money and bought an empty mall box building.  It was loss to foreclosure and he's buying it back out of foreclosure and selling it again.  He over charged 40 people up to 30 % and 40 % more than market value on SFR deals and told us they would cash flow by 300 dollars a month.  He says, that he's an economist but, he's an idiot and fraud.  He can be heard on a monthly radio show and a charges people money to mentor them. WHAT!?  " Hi, My name is David Campbell and I'm going to charge you money and sell you bags of sh*t but, their the best bags of sh*t you'll ever see .'

You can find him on a ship cruise every year trying to sell a mound of dirt in Belize for 4 times the going rate per hector in Belize. People! wake up and do your research!  His guy is a fraud who looks like an innocent 12 year old boy.

This report was posted on Ripoff Report on 03/14/2012 04:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/David-Campbell/Benica-California-94510/David-Campbell-Fourth-Dimension-Real-Estate-Promoter-Mentor-Investor-Developer-Promote-853932. 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.

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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

I'm here to serve our clients and solve problems.

AUTHOR: David Campbell - (United States of America)

I will do everything in my power to resolve every customer and client concern in a compassionate and responsive and fair way.   If the writer of this post has an unresolved concern, please call me right away (8 6 6) 9 3 1  -- 9 1 4 9 ext 1 or visit my office 801 E 2nd St, Benicia, CA and I will do everything in my ability to resolve your concern quickly and fairly.

While not every investor and not every investment will produce profitable results, I strive to always deliver compassionate service, personal integrity, transparency into our business operations, and a solutions based attitude.

In rebuttal to the specific report provided:

1) Our investment group acquired a vacant Macy's building in 2009. The rest of the mall (which we did not own) closed its doors in 2010 and we were unable to lease or sell the property for more than the amount of the loan. The investor members and manager elected to let the property go into foreclosure rather than make mortgage payments on an empty building, and the investor members (not me personally) retained the option of re-purchasing the property at a later date.  The option expired and neither the investor members or myself or anyone I know repurchased the property.  The commercial real estate market of 2009-2011 was one of the most volatile in American history.  This investment resulted in a loss, but a losing investment is not fraud.  There is a risk of loss inherent in every investment and the potential for loss was disclosed to all prospective investors.

2) Our company sells new four bedroom houses in Dallas, Texas for $115,000 - $125,000 that historically rent for $1100 - $1250/month.  The houses have routinely appraised at or above the purchase price by independent 3rd party appraisers hired by each individual buyer.  While there are foreclosed homes in the area that sell for less than our new houses that is true in almost every market in America from 2008-2012 and foreclosed sales are not necessarily indicative of market value. A licensed appraiser would have taken foreclosed sales into account when determining value.  A property's cashflow is dependent upon the amount of financing and interest rate used to acquire the property. If an investment property does not produce the cashflow desired by the owner of the property, it could be a result of the investor's use of financing, poor management, or bad luck with tenants.   Every investor's results will be unique.  I encourage investors to invest for the long term (10+ years) and maintain large cash reserves to sustain themselves through short term fluctuations in cashflow.

3) I was an employee of a mid-sized development company from 2007-2008 who owned land in Belize.  I was not involved in the sales of land in Belize and I have no idea what property values in Belize are or were.  That was not part of my duties as an employee.  However, I can see how someone could confuse  the actions of a former employer with my personal actions.

I am very responsive to phone calls, emails, and office visits and I hope this writer and any future client will feel comfortable to reach out to me for open dialogue and solutions.

Sincerely,

David Campbell
(8 6 6) 9 3 1 -- 9 1 4 9 ext 1
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