• Report: #1068588
Complaint Review:

Ripoff Report | The Lee Arnold System for Real Estate Investing Verified TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. The Lee Arnold System of Real Estate Investing accomplishes that goal through its world class and certified training for real estate rehabbers and private money brokers. The Lee Arnold System of Real Estate Investing does not believe in the one-and-done transactional relationship common to the real estate investing educational community.

  • Submitted: Fri, July 19, 2013
  • Updated: Wed, May 24, 2017

  • Reported By: ly — portland Oregon
The Lee Arnold System for Real Estate Investing Verified TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. The Lee Arnold System of Real Estate Investing accomplishes that goal through its world class and certified training for real estate rehabbers and private money brokers. The Lee Arnold System of Real Estate Investing does not believe in the one-and-done transactional relationship common to the real estate investing educational community.
1121 E. Mullan Ave. Coeur D’ Alene, Idaho USA

Lee Arnold System of Real Estate Investing Verified TRUSTED Business REVIEW: The Lee Arnold System of Real Estate Investing is dedicated to total customer satisfaction. Like many of its customers, CEO Lee Arnold started out looking for a proven method to build his wealth.
*UPDATE: Lee Arnold System of Real Estate Investing pledges commitment to Ripoff Report Corporate Advocacy, Business Remediation & Customer Satisfaction Program. A program that benefits consumers, ensuring complete satisfaction, confidence when doing business with a member business. Lee Arnold System of Real Estate Investing recognized by Ripoff Report Verified™ as a safe business service.

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....Ripoff Report Verified™ REVIEW

EDitor's UPDATE: Positive rating and recognition has been given to The Lee Arnold System of Real Estate Investing for its full commitment to quality customer service.

Ripoff Report's discussions with The Lee Arnold System of Real Estate Investing have uncovered an ongoing dedication by the company to total client satisfaction. This means that clients can expect that the company will work towards finding a mutually satisfactory resolution to any concerns. The Lee Arnold System of Real Estate Investing listens carefully to client concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services.

The Lee Arnold System of Real Estate Investing's principal, Lee Arnold, has informed us that his personal philosophy is that client success is the heart of the business. As a successful businessman, Mr. Arnold feels it is critical to listen to his clients and respond properly. By always putting his customers first, Mr. Arnold hopes to build a successful enterprise both now and for many years to come. Another top executive told us that Mr. Arnold's personal business philosophy is based on the premise that he "strives to add value in service, understanding that a successful business model is based on value-added services, and client care". Mr Arnold added, "We are one of the top private money lenders in the United States. With us, you'll always receive a customized approach to funding your loan and real estate investment that comes from a team who consistently works with new clients as if they had been clients for years."

One of the things Ripoff Report learned in the course of its review is that typical customer feedback reads, "The Lee Arnold System of Real Estate Investing truly communicates all aspects of the service in a timely and effective manner. We are very pleased with the responsiveness that the employees show us. They are serious about meeting commitments, and deliver on their promises."

The Power Company is Ripoff Report Verified
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..



The information provided in this report below is based on comments made by Lee Arnold during an onsite inspection held by a third party verification company with no biases towards The Lee Arnold System of Real Estate Investing.

The Lee Arnold System of Real Estate Investing educates their clients on how to invest in real estate, while simultaneously lending them money to invest in that real estate. Lee Arnold further explained the processes of his company, "we will take anyone, not matter the background, income, credit score, and teach them how to invest in real estate. [We] lend them the money they need to buy and sell real estate for a profit with the hopes that they generate enough income and eventually come back to become a lender through our company to the new people coming into the fold." Their loans are funded by private investors who have IRA funds that they are looking to deploy.

CEO, John Cain, explained how leads are obtained for The Lee Arnold System of Real Estate Investing, "In a number of ways we acquire leads through people who are interested in real estate investing. People who are interested in getting private money capital, referrals, attending conventions, Internet advertising, and print advertising." Once a potential customer has expressed interest in their services they will be contacted so The Lee Arnold System of Real Estate Investing can further understand their needs. Mr. Arnold expressed, "if their interested in borrowing money we respond to them and we ask them about the deal that they want to get funded on. If they are responding to interest in attending a live event, we sign them up. We do not cold call. We only call those who express interest in our products and services.



CUSTOMER CARE & COMPLAINT RESOLUTION – THE LEE ARNOLD SYSTEM OF REAL ESTATE INVESTING

During the onsite interview, Mr. Arnold was asked to describe a situation where a client was not satisfied with the level of service they received. Mr. Arnold expressed a complaint that was also placed on Ripoff Report's website. One of their clients purchased a phone coaching program which costs $12,500, he additionally purchased a business setup entity LLC formation package which costs $6,000. Mr. Arnold further explained, "he called in saying he was unhappy and not satisfied with the level of service he was receiving and requested a refund. We called back asking if he would like a refund or if he would rather us send someone out to his home to work with him for three days, which is a $25,000 one-on-one mentor ship which we sent to him at no cost. We did it because we wanted to make this customer happy. While our mentor was out there he identified several deals, and he ended up buying one of them with the money we lent him. He fixed it up, sold, it, made a $40,000 profit, and still complained that we did not do a good job...in the nature of our business, bad press costs us a lot more than the individual customer themselves...it's not just a loss of that customer on that particular sale, it's a loss of future loans, future opportunities, that borrower becoming a lender through us--we take customer complaints very seriously." This is not a common complaint for Secured Investment Corp, and they will do whatever they can to ensure customer satisfaction.

When asked what type of changes they have made to honor their commitment to make things right with the consumer per the request of Ripoff Report, Mr. Arnold Stated, "but we certainly added fail safes to ensure that our clients had a better customer experience."

The Lee Arnold System of Real Estate Investing is proud to be a part of Ripoff Reports Corporate Advocacy Business Remediation and Customer Satisfaction Program, "to me it means the opportunity to actually be able to address customer complaints. My main interest in the efficacy program is it gives us the opportunity to handle, and help the customer without them just anonymously land basting us online for stuff we didn’t even know we did. So, it is a checkpoint to determine either the validity of the complaint, or give us the opportunity to resolve it before it has to be brought to the public’s attention. And we have very few of them, but the ones we do have we’d like the opportunity to fix whatever we did in the customer’s mind. So that’s, to me, what the efficacy program provides."





THE LEE ARNOLD SYSTEM OF REAL ESTATE INVESTING – STATEMENT FROM THE CEO – LEE ARNOLD

" We are one of the top private money lenders in the United States. With us, you'll always receive a customized approach to funding your loan and real estate investment that comes from a team who consistently works with new clients as if they had been clients for years. Please take time to review our site, learn about some of our products and services, understand our history, and receive answers to some of your questions.

The Lee Arnold System of Real Estate Investing's entire staff shares Lee's commitment to world class service and support of its customers and clients. The Lee Arnold System of Real Estate Investing takes employee satisfaction seriously as well. Employee feedback and surveys reveal comments such as this, "The Lee Arnold System of Real Estate Investing provides a very positive environment to work. Opportunities for suggestions and improvements are encouraged. Mr. Arnold is truly concerned about our contribution to the company and providing growth opportunities for us. He takes the time to listen and communicate with employees and customers." Ripoff Report was pleased to learn that The Lee Arnold System of Real Estate Investing's past and current approach to business is focused on its pledge to total commitment towards client and employee satisfaction.



STATED IMPROVEMENTS FROM THE LEE ARNOLD SYSTEM OF REAL ESTATE INVESTING

The Lee Arnold System of Real Estate Investing recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report's review, The Lee Arnold System of Real Estate Investing has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.

In summary, after our review, which included discussions with Lee Arnold, Ripoff Report is convinced that The Lee Arnold System of Real Estate Investing is committed to quality delivery of services resulting in total client satisfaction.



How does a business get Ripoff Report Verified™

The member business allows Ripoff report to email everyone from the past. Those who respond to Ripoff report with a valid complaint must be take care of. They have made a commitment that if anyone contacts Ripoff Report in the future, they will make things right within 14 days. The member business must err on the side of their customers. Otherwise the member business is off the program.

Ripoff Report has determined that The Lee Arnold System of Real Estate Investing meets Ripoff Report Verified™ standards which include a commitment to make a good faith effort to resolve any consumer complaints. Members of the Corporate Advocacy Business Remediation and Customer Satisfaction program do pay a fee for our on-site review, 24-hour monitoring and for support with customers to resolve any disagreements.

Ripoff Report sends a 3rd party service to do an onsite inspection of the new member business. The on-site inspection / review does not mean that the products or services offered by the business have been evaluated or endorsed by Ripoff Report, and has not made a determination as to the business' product quality or competency in performing services. We can verify, that Ripoff Report went to the business, verified their business or “work from home business”, there for, if a customer in the future does not get treated correctly, Ripoff Report can get the problem resolved. If not, and the customers is right, the member business will be taken off the Corporate Advocacy Program. Remember, Ripoff Report emailed every customer from the past that filed a complaint to make sure the member business made things right with customers from the past. Again, to err on the side of their customer, those from the past and those in the future.

Read more about why consumers should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.

Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. This program works.

As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.

NOW TO THE ORIGINAL REPORT THAT WAS FILED

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LEE ARNOLD, PRIVATE MONEY EXCHANGE LIED< DISHONESTY>BIG SCAM, NEVER CALL BACK WHEN THEY SAY THEY WILL Coeur D’ Alene Idaho

I was contacted by Eric from private money exchange and was told that if I sign up with them it was going to cost me 3000 dollars.  He told me to not worry about anything and if I didnt like the program i could cancel in 3 business days. 

He told me that they do residential funding in oregon. 

I signed up for the program and Interestingly enough when I actually talked to a loan specialist with in the company He told me that  they do not fund residential in oregon.

With the lie eric told me and also not funding residential in oregon I decided I didnt want to be part of lee arnold and private money exchange.

I contacted the company, asked for my money back and they told me they would note it in there computer. I also specificaly asked them if I contacted them within 3 business days and they said yes that i contacted them within the specified amount of time to get my money back. It was day TWO

That was a few months ago,  every time I call and ask them for my money they always tell me they will have some one call me back the next day and they dont call or they call days later. 

Private money exchange owned by lee arnold scamed me of 3000 dollars and they dont even care.

Call me if you want more info. 503-567-402zero

 

PLEASE DO NOT DO BUSINESS WITH LEE ARNOLD OR PRIVATE MONEY EXCHANGE

I dont want you to lose money like I did


Click Here to read other Ripoff Reports on The Lee Arnold System for Real Estate Investing Verified TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. The Lee Arnold System of Real Estate Investing accomplishes that goal through its world class and certified training for real estate rehabbers and private money brokers. The Lee Arnold System of Real Estate Investing does not believe in the one-and-done transactional relationship common to the real estate investing educational community.

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#1 Author of original report

It turned out great

AUTHOR: lowel - ()

Not getting my money back and not getting calls back from private money exchange I decided to go ahead and take the program that I had bought and make the best of it.

 

Since that time I have had a call from Lee arnold and others of his staff trying to make me a satisfied customer.

 

I have learned quite a bit in the mentoring process and have had good customer service also.

 

I will definently be doing bussiness with this company again and would not be afraid to recomend them.

 

ps. I was not reimbursed in any way to write this update.    call me if you have questions 503-567-402four         

 

 

 

 

 

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