Complaint Review: Buy PD,
Buy PD, AKA American Estate and Trust, AKA Insider's Cash Wholesaling Rea-estate scam Pleasant Grove Utah
Early 2014, I got a flyer in the mail saying that Scott McGillivray (HDTV) was going to Santa Clara, Ca and was going to teach about Real Estate Wholesaling. This was a free event.
I attended this and was told that if I paid $2000 they would walk me through the steps of wholesaling Real-estate using no money of my own. Wholesaling Real-Estate is a load of BS. On attending (Yancey Events) that talk, everybody was asked to sign up for a package (cost $42,000) which would get me one on one help etc. They do not mention the fact that upon using Credit card for the purchase of this class, the CREDIT of that person takes a huge drop. My credit dropped more than 100 points after I bought this package.
Also they invited me and a guest to a Buying Summit (Las Vegas) at the Luxor Hotel & Casino in the Egyptian Ballroom, June 19-21,2014. The flight, hotel and stay was paid by them.
Shame on all these people ((Dean Graziosi, Bud Lethbridge (VeilCorp Assets and Protective Program), Scott McGillivary (Real Estate Guru, Author and Host of many television shows, Scott Yancey….). I attended this workshop because I used to watch Scott McGillivary shows on HDTV and liked it. I did not think I would get scammed.
BuyPD encouraged us to Transfer our Retirement funds into a Self directed IRA (Accuplan) so that it could be used to buy properties which would bring in rent or interest on a Deed of Trust. They asked me to Transfer funds from my RA (TIAA-CREF) account, which I agreed.
I saw that they were asking much more than Zillow prices on the properties, so I agreed to get a Deed of Trust for $45,100. This would pay me a return of 10%/ month for 3 years until July, 7th 2017
“COMMERCIAL LOAN AGREEMENT WITH: American Estate and Trust FBO Linda Hutcheson IRA;
WITH COLLATERAL OF REAL PROPERTY LOCATED AT: 6620 Dunwold St, St. Louis, MO 63134;
IN THE AMOUNT OF: $45,100.00;
6900 Westcliff Dr.; Ste. 603; Las Vegas, NV. 89145
Toll Free (866) 654-6111 Fax (702) 974-2524
Web: www.iracentral.com or americanestatetrust.com
I got interest/ dividends on my money until August 2016. After that I have not received any payments. I have kept calling / send emails and not been able to get back my Principal. In November 2016, they asked me to fore-go the interest payment, so that the owner Linda Hutcheson could refinance the loan and return my Principal to me. They said it would take 4-6 weeks.
It has been 1 year and I still don’t have my money. I have not received a reply to my last email sent on June 22nd 2017.
This is the last message I got from Clients services “We have no other way to assist you in recuperating your funds on this account. The borrower is not paying their interest to you, and they are not completing the refinance. At this point, we can't move forward on this account. “
Baillie | client services
office: (877) 394-5637
fax: (888) 331-2508
881 W. State St., Ste 140-323
Pleasant Grove, UT 84062
Under the same client services, I have received emails from Baillie, Haley, Caley. Fake!
Today, when I called, I got a recorded message that they will not be taking any more phone calls, but would reply us by email.
This group has several entities under which it operates and often the name changes.
These are the entities that I have encountered under this fraud:
American Estate and Trust
I would appreciate any help to get back my money which was placed in a Deed of
This report was posted on Ripoff Report on 12/05/2017 04:39 PM and is a permanent record located here: http://www.ripoffreport.com/reports/buy-pd/pleasant-grove-utah-84062/buy-pd-aka-american-estate-and-trust-aka-insiders-cash-wholesaling-rea-estate-scam-pl-1415228. 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. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here: