• Report: #329159

Complaint Review: National Real Estate Investors - NRI - NREA - National Training Academy - Net Marketing Alliance

  • Submitted: Sun, April 27, 2008
  • Updated: Sun, February 15, 2009

  • Reported By:West Jefferson Ohio
National Real Estate Investors - NRI - NREA - National Training Academy - Net Marketing Alliance
808 E. Utah Valley Drive American Fork, Utah U.S.A.

National Real Estate Investors - NRI - NREA - National Training Academy - Net Marketing Alliance double your money or we will pay your tuition James Smith American Fork Utah
*UPDATE.. James Smith and the James Smith Real Estate Coaching Company strongly demonstrate their commitment to total customer satisfaction through the Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, the program that benefits the consumer & assures them of complete satisfaction & confidence when doing business with this company. James Smith teaching realistic, long-term real estate investing strategies that will consistently build wealth over time. Draper, Utah

*Consumer Comment: james smith seminars and inga johnson's mentoring

*Consumer Comment: also ripped off same scheme

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My husband went to an all day seminar in Carlsbad, CA. He was sold on the Investor Tools and on the Real Estate Program. He bought the Investor Tools that was about $2,000. He came home excited to present me with the information he had learned. Also told me about the programs they offered to get people started into Real Estate. However, he needed me to be on board for him to buy the program. I wasnt sure about the program, but my husband was so excited about getting into Real Estate.

Background informationmy husband is a Marine stationed at Camp Pendleton, Ca. He is getting out of the corps and wanted something that would support our family. So he decided that this seminar would be informative and best of yet it was FREE!

So later on that evening we received a phone call about the program. Brian had told me that is was about $8,000. It was a lot of money that we didnt have. So the salesman sweet talked both my husband and I. He said that he couldnt sell it to us until I was on board with my husband. So in Brians support I said yes. Then the price jumped from $8,000 to $16,000 for the tuition and $99 for the supplies.

I got sick to my stomach thinking about the money that we didnt have. We were told that we had to put the money on credit cards. Plus he said that we couldnt get the program until we had $10,000 of open credit. The salesman assured me that if we didnt double our money within a year they would pay for our tuition. So I took him up on his offer. We did our weekly meetings with the coach and also spent hours walking through potential money makers. We had to spend a certain amount of hours a week on this program. If it didnt work, we would get a full refund and show the effort we put into it.

So all in all my husband and I couldnt pay our bills because of debt we developed with this company. I moved to Ohio and my husband stayed on Camp Pendleton. We have a two year old, as well, that was thrown in the middle of our shambles. I fought and fought with this company about getting our money back. It was a joke, I was told that because we didnt put in our 30 offers that we didnt meet the criteria of a refund. My husband and I have been separated for almost a year (only to pay for bills), my son hasnt seen his daddy in almost a year, and we still cant seem to put a dent into this debt.

I have gone to others for advice about this company until I came across this today. We have been fighting with this company almost a year now. I explained to the company that we couldnt put in our offers due to the amount of debt we are in. As well of the fact that my husband and I no longer live in the same state. I believe that we were put back about $20,000 all together, not including the 28% interest we are paying on our credit cards. This has been a costly mistake as well as a wedge between our family.

Please research this company before anyone tries to sale you on it. Yes the sales pitch is great!! The promises seem awesome and flawless. I am still trying to get what was promised to us.

Jennifer
West Jefferson, Ohio
U.S.A.

This report was posted on Ripoff Report on 04/27/2008 10:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/National-Real-Estate-Investors-NRI-NREA-National-Training-Academy-Net-Marketing-Alliance/American-Fork-Utah-84003/National-Real-Estate-Investors-NRI-NREA-National-Training-Academy-Net-Marketing-Al-329159. 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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#1 Consumer Comment

james smith seminars and inga johnson's mentoring

AUTHOR: Foreclosure - (U.S.A.)

our lives have been ruined by NRI and Inga Johnson. Inga coached us to buy 3 homes in Ohio valued at the time at around $20,000 each. We were told the appraisal was at over $60,000 and when we tried to short-sale 8 months later at $18,000 the banks would not take it. The renters, (squatters) provided by Inga's suggested realtor, Karin Caruso all never paid rent and just squatted in the home. We were never told we needed management but found it was illegal not to have management in Ohio and had tremendous difficulty finding someone for the area they were in. No management company would manage there. The houses by Ohio investors were offered a sale of $1,500 each. I am sure Inga and her student, Karin Caruso went away with good money out of the loans we got. We tried everything to get rid of these houses even allowed for foreclosure but the banks still are holding us responsible. We finally went bankrupt over 7 months ago and stopped payments in August of 07. All our relatives will not loan us money because they too lost out and we can not borrow. Our own home is backward from the money we used to borrow from it to help with real estate and very measely IRA money we used to try and save the homes. Mr James Smith please don't hurt anyone else by convincing them to purchase your seminar. Over 50 students of Inga all had the same problem. Also don't use Summertyme Mortgage, the ones that appraised our home at 6 times the value.

I was also injured physically and mentally by NRI and spent two visits in the hospital over the past two years for more than 2 weeks. If you want to help us buy back our 3 homes from the banks for now more than $200,000. Just give the money to them and take the homes. We will remain injured but at least the banks will get their money back. If you really want to be nice pay some to our bankrupcy and the 5 or so other student's loans we are in contact with. There is no more fun in our life we just work to pay our bankrupcy and pay our taxes and our home and medical bills. Before NRI we had a boat and had a lot of fun almost once a week. We were more involved with church but spent so much time on real estate we didn't have time for that. We tried to sell our boat to try and not do bankrupcy along with every other thing we owed.

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#2 Consumer Comment

also ripped off same scheme

AUTHOR: Foreclosure - (U.S.A.)

Did you actually buy homes in Ohio and were you trained by Inga Johnson. If you can please e-mail us back.
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