Complaint Review: Goldmine Properties Mike Cherwenka - Atlanta Select State/Province
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- Author Not Confirmed
- Goldmine Properties Mike Cherwenka Atlanta, Select State/Province USA
- Phone: 7703654997
- Web: www.goldmineproperties.net
- Category: Realtors
Goldmine Properties Mike Cherwenka Lies Liar this guy does not tell the truth and makes up fake numbers and inflates returns. Atlanta Georgia
*REBUTTAL Owner of company: 3591 Potomac Ter
*REBUTTAL Owner of company: Real Numbers Real Profits
*REBUTTAL Owner of company: Successful Renovations
*REBUTTAL Owner of company: Explanation on False Report
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Mike Cherwenka is the biggest con artist and liar I have ever met. The only reason he is still in business is becuase he meets people like you!!! He tells you a rehab with take a cetain amount of money to finish, which is about 1/2 of what the real number will be and then tells you will make a certain amount, which is inflated about 100-150% of what is possible. Buyer beware, beware, beware.
It gets even worse when you confront him, he gets rude, unprofessional and aggressive. Even if you have 18 years of remodeling like I have I was very careful, did everything right and yet still had to spend twice what he said I would for the remodel and cannot get even close to what he said for the sales price. The appraiser and everyone in his circle are all in on this con artist game, so beware.
If he tells you can sell a house for a certain amount, take 15-20K right off the top. If he tells you the rehab will cost $30K, you better make sure it works spending $60K to remodel. I learned form 5-6 others who have bought from him the exact same thing and that he will tell you whatever you want to hear in order to sell you the house. I got suckered and its all my fault. He does not even own the houses he does a double close which causes issues with FHA unless you own it for 6 months.
Just avoid this guy at all costs. He needs you becuase not one person I spoke to would buy anything from him again every they have all said and I feel the EXACT same way. That is why he needs you and he markets to new people and prays on them as he does not get repeat sales. Don't fall for it, no matter how good it sounds, it is just that TOO GOOD and he cannot be trust further than you can through home. Do yourself a favor, just pass it is not worth it.
AVOID AVOID AVOID
This report was posted on Ripoff Report on 04/09/2014 08:17 PM and is a permanent record located here: https://www.ripoffreport.com/reports/goldmine-properties-mike-cherwenka/atlanta-select-stateprovince-ga/goldmine-properties-mike-cherwenka-lies-liar-this-guy-does-not-tell-the-truth-and-makes-1137672. 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
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#4 REBUTTAL Owner of company
3591 Potomac Ter
AUTHOR: Settingtherecordstraight - ()
SUBMITTED: Sunday, August 17, 2014
Just wanted to set the truth straight on 3591 Potomac Ter. The house actually closed at 135k. This was after 73k in reno and holding costs. Mike C advertised this property at 30k in reno and holding.The propeterty ended up being a 7k loss to the investor. The numbers don't add up, I warned the investor that he was preying on older men who were newbies. Also investors, remember with FHA and for that matter any loans if the the house doesn't appriase it doesn't matter what it gets under contract at.
#3 REBUTTAL Owner of company
Successful Renovations
AUTHOR: Goldmine Properties, Inc. - ()
SUBMITTED: Tuesday, April 15, 2014
Mike Cherwenka Renovations
Decatur, Georgia
- 1866 Derrill Dr., Decatur-SOLD on 7/23/13: $110,000 (listed for $99,800) 3/2.5, 1483 sq. ft
- 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.
- 6. 3043 Del Monico Dr., Decatur-Listed for $122,300, under contract $122,300 3/2, 1340 sq. ft.
East Point, Georgia
- 3128 Dodson Drive., East Point-SOLD on 7/19/13: $130,000 (listed $129,800) 5/3, 3225 sq. ft. includes finished bsmt
- 3031 Remington St., East Point-SOLD 3/25/14: $129,800 (listed $129,800) 3/2, 1365 sq. ft. Closing March 30th
- 3214 Cloverhurst Drive, East Point-SOLD 4/16/14: $119,800 (listed $119,800) 3/2, 1504 sq. ft.
- 4. 3154 Mckenzie Road, East Point-Listed $114,800 (3/2, 1263 sq. ft.) 3/2, 1263 sq. ft.
- 5. 2561 Woodhill Lane; East Point-SOLD 4/14/14: $124,900 under contract first weekend for $124,900 (3/2, 1437 sq. ft.)
- 3591 Potomac Terrace; East Point-LISTED FOR $139,800, 4/2, 1522 sq. ft., under contract $139,800 1st day on the market. The after repair appraisal came in at $130,000 when I purchased property and sold for $10,000 higher.
- 2842 Blount Street; East Point-Currently being renovated and will be listed for $129,900, 3/2, 1,340 sq. ft.
- 2356 Ridgecrest lane; East Point-SOLD 4/7/14 (3/2, 1477 sq. ft.) Under Contract First weekend at $130,000.
#2 REBUTTAL Owner of company
Explanation on False Report
AUTHOR: Goldmine Properties, Inc. - ()
SUBMITTED: Tuesday, April 15, 2014
#1 REBUTTAL Owner of company
Real Numbers Real Profits
AUTHOR: Goldmine Properties, Inc. - ()
SUBMITTED: Monday, April 14, 2014
Very disappointing getting attacked by a investor who could not sell his property instead of coming to me and asking for help. This particular investor did not do a quality renovation and therefore could not sell his home. If you like send me a email I can provide you with dozens of investors who succeeded. I will send you a list of my renovations the past 12 months that have all sold for appraisal price or better and D.O.M. My wholesale properties are the best in the business and having sold close to 2,000 in 18 years. I would not be in business if investors did not make money off me.
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