• Report: #533871

Complaint Review: Goldmine Properties

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Fri, December 04, 2009
  • Updated: Fri, May 02, 2014

  • Reported By: Jennifer — Winder Georgia United States of America
Goldmine Properties
825 Golf View Court Dacula, Georgia United States of America

Goldmine Properties Mike Cherwenka, Gold Mine Properties Mike Cherwenka is a Crook that promises the world. then Treats you like dirt when you fall for his scam Dacula , Georgia

*REBUTTAL Owner of company: COMPLAINT HAS NO MERIT

*REBUTTAL Owner of company: EARNEST MONEY REFUND

*REBUTTAL Owner of company: (2) QUALITY RENOVATIONS THAT SOLD ABOVE LIST PRICE

*REBUTTAL Owner of company: QUALITY HOMES THAT SELL ABOVE LIST PRICE

*REBUTTAL Owner of company: Earnest Money

*REBUTTAL Owner of company: Subs get paid

*Consumer Comment: The Bully and former stripper Mike Cherwenka / Goldmine Properties /goldmineproperties.net

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

This man is a crook in all areas. He is a bully and foul mouth. He has no respect for employees, clients or himself. A man of God? SURE!!!  Knowing and Using that curse word with God in it, makes you far from a Christian.


He refuses to pay subs, knowing these people depend on the money to feed their kids, pay their rent and survive. I know this first hand, I am one of those people.


He sells people homes that makes the 3 Little Pigs straw, wooden and brick house look like custom built homes and we all know the end of that story, right?


Please do not trust this man!! He uses the Bible to lure you in and then he turns into to the devil.


This report was posted on Ripoff Report on 12/04/2009 01:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/Goldmine-Properties/Dacula-Georgia-30019/Goldmine-Properties-Mike-Cherwenka-Gold-Mine-Properties-Mike-Cherwenka-is-a-Crook-that-pr-533871. 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.

Click Here to read other Ripoff Reports on Goldmine Properties

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 6Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

COMPLAINT HAS NO MERIT

AUTHOR: Goldmine Properties, Inc. - ()

Interesting this person decided to harm me because he wanted to purchase two homes from the company and did not want to wire earnest money. He never lost a dime just a opportunity to make $25,000 profit on each of these two properties.

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

Respond to this report!
What's this?

#2 REBUTTAL Owner of company

EARNEST MONEY REFUND

AUTHOR: Goldmine Properties, Inc. - ()

 

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

Respond to this report!
What's this?

#3 REBUTTAL Owner of company

(2) QUALITY RENOVATIONS THAT SOLD ABOVE LIST PRICE

AUTHOR: Goldmine Properties, Inc. - ()

Mike Cherwenka Renovations

Homes have SOLD for appraisal price or higher and most within the first week on the market.

Decatur, Georgia

  1. 1866 Derrill Dr., Decatur-SOLD on 7/23/13: $110,000 (listed for $99,800)

3/2.5, 1483 sq. ft. Sold for $10,000 above ARV appraisal.

 1887 Ridgeland Dr., Decatur-SOLD on 8/29/13: $99,800 (listed for $99,800)

3/2, 1266 sq. ft.

 2747 Claire Terrace, Decatur-SOLD on 12/6/13: $120,000 (cash buyer)

4/2, 2207 sq. ft.

 1879 Janet Lane, Decatur-SOLD on 2/12/14: $100,000 (cash buyer)

3/2, 1256 sq. ft.

 3065 Del Monico Dr., Decatur-SOLD 3/3/14: $119,800 (listed $119,800)

3/2, 1338 sq. ft. Sold for $5,000 above ARV appraisal

 6.      3043 Del Monico Dr., Decatur-Listed for $122,300, under contract $122,300

3/2, 1340 sq. ft. Sold for $7,300 above ARV appraisal

 3148 Thrasher Circle, Decatur-Rehab in progress, going to be Listed for $139,800

4/2, 1758 sq. ft.

 East Point, Georgia

 

  1. 3128 Dodson Drive., East Point-SOLD on 7/19/13: $130,000 (listed $129,800)

5/3, 3225 sq. ft. includes finished bsmt. Sold for $10,000 above ARV appraisal.

 

  1. 3031 Remington St., East Point-SOLD 3/25/14: $129,800 (listed $129,800)

3/2, 1365 sq. ft. Closing March 30th . Sold for $20,000 above ARV appraisal.

 

  1. 3214 Cloverhurst Drive, East Point-SOLD 4/16/14: $119,800 (listed $119,800)

3/2, 1504 sq. ft. Sold for $10,000 above after repair ARV appraisal.

 

  1. 4.      3154 Mckenzie Road, East Point-Listed $114,800 (3/2, 1263 sq. ft.)

3/2, 1263 sq. ft.

 

  1. 5.      2561 Woodhill Lane; East Point-SOLD 4/14/14: $124,900 under contract  first weekend for $124,900 (3/2, 1437 sq. ft.)

 

  1. 6.      3591 Potomac Terrace; East Point-LISTED FOR $139,800, 4/2, 1522 sq. ft., under contract $139,800 1st day on the market. Sold for $10,000 higher than the ARV appraisal.

 

  1. 2842 Blount Street; East Point-Currently being renovated and will be listed for $129,900, 3/2, 1,340 sq. ft.

 

  1. 2356 Ridgecrest lane; East Point-SOLD 4/7/14 (3/2, 1477 sq. ft.) Under Contract First weekend at $130,000.
Respond to this report!
What's this?

#4 REBUTTAL Owner of company

QUALITY HOMES THAT SELL ABOVE LIST PRICE

AUTHOR: Goldmine Properties, Inc. - ()

 

Dear Fellow Investors,
 
It really troubles me when a arrogant experienced investor did a Micky Mouse renovation and could not sell his property and turns around and bashes me on ripoff report.com on April 9th.
 
If you are a new investor or even a experienced investor there are aspects of this business you should be aware of to succeed. Let me reiterate the complaint that was posted on ripoff report. "Goldmine Properties is a liar, does not tell the truth, makes up fake numbers and inflates returns.
 
First I have attached a list of my renovations within the past year which have all sold for appraisal price or higher, a hedge fund purchased two properties so I gave a small discount for the quick cash closing, average D.O.M. is less than 10 days and you can go to www.Zillow.com to verify information and view renovations.
 
#1 reason renovated homes do not sell for appraisal price-Poor Renovation! Yes it is that simple and if you are a new investor and want to learn how to renovate homes just go to Zillow.com and view photos of listings or solds in the area of your property and match the quality of renovation. Hey it is not rocket science. Sure I agree that renovating a home is stressful, it can take longer than anticipated, you can run into unknown repairs and have cost over runs. Don't cry about it, toughen up, learn from it and move on. SO WHAT! Get it done and go milk another cow. And for the record after 18 years renovating homes I still get punched in the gut about twice a year on a project that just went south. But I also hit several home runs along the way.
 
There are hundreds of wholesalers in Atlanta. Please match my repair estimates and after repair values up to them. How many other wholesalers will advertise a $35,000 renovation? More like they will call repairs at $25,000. In any event, I don't claim to always be spot on but I do take great pride in my character, integrity, and a invested interest in my investors and am there to help you at a drop of a dime.
 
Not to pound my chest but shoot I have wholesaled nearly 2,000 homes in the past 18 years and my regular investors have purchased the majority of these wholesale deals. 75% of my sales are funded with private money. Private money lenders verify after repair values and repair estimates-none of my investors have ever been turned down by a private money lender! Now that speaks volume.
 
Thank you for listening to me vent. The market is so hot I hope you all have a rehab in process...
 
 
Mike Cherwenka Office - 770-338-2994 Fax - 770-277-6811 Mobile - 770-365-4997 Email- mcherwenka@aol.com "Step-By-Step Real Estate Success!"  www.GoldmineProperties.NET ;
Respond to this report!
What's this?

#5 REBUTTAL Owner of company

Earnest Money

AUTHOR: Goldmine Properties, Inc. - ()

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

Respond to this report!
What's this?

#6 REBUTTAL Owner of company

Subs get paid

AUTHOR: Goldmine Properties, Inc. - ()

 If there is one thing we do is pay our contractors fairly. We have been in business for 18 years and still have the same contractors on staff. Of course owner and a new contractor will have disagreements and can be resolved with good lines of communication. Going to ripoff report to harm someone unjustly is not the way to solve issues.

There is no motive to treat anyone not as we would like to be treated.

Respond to this report!
What's this?

#7 Consumer Comment

The Bully and former stripper Mike Cherwenka / Goldmine Properties /goldmineproperties.net

AUTHOR: NationwideInvestor1979 - (USA)

I was thankful to find fellow consumers voicing their stories of how they were either screwed or almost potentially screwed by the likes of Mr Mike Cherwenka.

Heres my story:

Mike Cherwenka, the former stripper, *now supposedly saved christian man who attempts to trick investors out of there money, via there earnest funds.

Normally when sending earnest funds I forward them to a legitimate title company or the wholesalors attorney to be held in escrow until closing(never to the wholesaler directly.) But Mr Cherwenka was very insistent that I *Wire him the $5000 earnest funds directly to him and *asap!, there were a few red flags and yes I was skeptical but was also very interested in the properties he was offering, so I  pushed aside my skepticism and prepared to send him the earnest funds. But after sleeping on it decided it didnt make good business sense to send him the earnest funds directly when he could easily have his attorney or his title company receive the funds. 

He than preceded to threaten me with sending out a mass email to his investor list,advising them to avoid doing business with me, and that *if i did not wire the funds..(to use his words? "Ill have you black listed.")
Well needless to say that after 2 emails containing these types of threats, I decided to no longer communicate with him directly but through his attorney. I advised his attorney that I no longer felt comfortable with Mr Cherwanka or his deals, and that I would not be wiring him any cash directly.

For all I know he made good on his word and sent out an email blast, but at this point I could careless, Once I found all the complaints on line with a simple search from google, I was just thankful I saved myself from losing a potential $5000.

To all of you looking for wholesale deals... Not only should you avoid Mr Mike Cherwenka like the plague, But also avoid any individual requiring you to wire funds directly to there personal account in order to consummate any sort of business deals.

Sincerely
Andy
Nationwide Property Investor
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory