I'm sorry to here about all the money you lost on Lee Arnold and his "I'm the solution" seminars.99% of the time these so called guru's set up a company that coaches people to invest in realestate. The problem is they don't own anything, have never seen successfull returns from realestate rentals, or buying and selling properties and also loan origination.

I have the best story about Lee Arnold. I own over 500 apartments found all over Utah. One of my employees was looking for a 4 plex he could live in and own. I let him use many of my resources to find and purchase a building, this was so he could live in one and rent the others and hopefully end up living for free. My employee ended up finding a 4 plex owned by one of Lee Arnolds companies. It was a short sale and was close to foreclosure as Lee had not made a payment in a Lonh time. I think it is funny that a realestate guru couldn't make a 4 plex work out. I came to the conclusion that the loan was not his but the property was. This means he took out all the equity and and didn't make payments. His rent coming in was over 3500 per month.

The city also had put a notice of non-compliance on the property title due to the fact he never fixed anything and it was a slum, owned by a slumlord. Me and my employee spoke with the city inspector and got it released with the promise we would fix what he had not fixed. After a few weeks this goverment lien was removed and my friend was able to close.

The real shady thing happened at the closing table... his realestate agent forced my froiend to sign a piece of paper staying that none of the deposits are going to be transferred at closing, also, that the prorated rent would also not be credited at closing. The was almost 5000 of rents and deposit he refused to give at closing. By law deposits do not belong to the landlord. Deposits are to be held for any type of default on a lease agreement. If the lease is full satisfied the deposit goes back to the tenants. The letter also said he was not liable in any way for the deposits, meaning if we didn't give them back to the tenants the tenants could not sue Lee.

It is called extortion to make someone sign papers at closing that were never agreed to at the first of the transaction. My employee could have walked away, buy, he had already sold his home in Idaho and started moving to Utah, and the building was a great deal.

When asked where the prorated rent and deposits went Lee and his agent told my employees agent that he had to feed his family!!! My employees agent asked if they eat steak and lobster for every meal.

I'm not scared to put thus up, as it is all true. I was actually at the closingwhen it happened and I came unglued and had to walk out to cool off as I have closed on 30 million of apartment complexes and no seller has ever tried to pull stuff on me at a closing table. Lee's agent actually told us that he was just fine with not closing as he would he able to continue collecting rent for months before the actual foreclosure would go through. This is not how you treat ladys and gentlemen of the same industry, it will always end up biting in the butt.

This guy is a opportunistic prophet of realestate.

I can back up all of my statements.

Regarding the 3 days with Lee Arnold and the video:

The videos were not taken after the coaching. They were taken during the coaching. They were on the spot interview rather than testimonials. I was the paying customer and Lee was hired to do good to my business.

As Lee mentioned I was cordial and happy. My pleasant behavior in the video does not describe what effect the coaching had in a few weeks that followed. Also he did not pay me and what I did or did not do is not the concern here. What he did during his 3 days coaching and what effect his action has brought is the concern.

Before he came over for the 3 days, I kept an open mind. I had already sent all my financial records that Lee asked for. I reminded myself that he said that I will have money if I do these 3 days with him. I reminded myself that he must have something Great to show me that I did not realize or he could not be so persistent.

The first let down came on the first day at 9:00 AM. He took out several pages of documents for me to sign. I was annoyed because I had already previously taken time and faxed over all my financial documents, yet he had to do this on my paid time. The restaurant was dark and every minute was costing me money, so I just signed them without reading them. The only sheet that he thoroughly explained was that my promise to write a testimonial (and I did write one on September 15, 2010).

The second let down came when he said that for each transaction I could use only 25% of the $100K at 8% loan he had promised me. He said that I had to use his other hard money on top of the $25K.

How the videos was made: On the first day after dinner he handed me a form to take home to fill out and turn it over to him the next morning. He told me to fill out all the details what we did together. That was his subtle way to prepare my mind of thinking about the day. Then he took out his video camera and told me to speak into camera while he held it in his hand smiling. For the next 2 nights, he took my video the same manner.

The final day was a waste of my money and my time. He had an appointment to go see his old client and he took me along during my paid time. In the same afternoon, he made the bogus purchase offers at 6% conventional loan at a realtors office. I was very quiet that day. I was trying to observe and retain without any judgmental mind. On the final day of video, I am sure I said that we only just planted the seed. He left to the airport right after that telling me to keep doing what we did.

(Important note: Prior to all this with Lee, my cash-out refinancing of my resident was going on and was expected to close in a several weeks.)

After the 3 days coaching I found out the following:

Lee never calls you. Lee never picks up a phone.

Lee never answers or read your emails. Lees weekly call is very unsatisfying, because he asks about all the items that I already addressed in the previous weeks emails.

Lee does not let you ask any questions, unless you push to ask.

It took me 4 weeks to fix the problem he created while he was with me, regarding the 6% loan situation.

I received a denial and cancelation notice from the lender for my cash out refinancing at the time of closing from my lender. Lees charge to my credit card showed up and reduced my credit score and the report.

At the same time period, I received new bills to pay for the new charges made to my credit cards, and I had to pay out of the business reserve.

Following facts are the damaging results of Lees 3 day coaching:

 Before he came he had all my financial records, and he was aware of my on going cash out re-financing application. He should have known that charging a huge amount to my credit card would damage my chance of cash out refinancing. (Since the charge was in a dispute department, the amount did not show up on my credit report until I lifted the dispute.)

On the final day of coaching, Lee presented his Loan Available letter to the realtor, which prompted the realtor to write purchase offers with conventional loans at 6% with Lees approval.

It took me 4 weeks to make Lee to correct the Proof of Funds letter so that realtors could write purchase offers as cash offers. (I have the original letter Lee used versus another corrected letter dated July 14, 2012 and by then 4 weeks have elapsed. I have copies of purchase offers written as 6% conventional loan offers prior to 7/13/10 versus cash offers after 7/14/10.)

1. His office charged $15K after I already cancelled the 3 day coaching.

2. I told him that I was fine without his assistance, because of the $40K reserve my husband loaned me and I was expecting $38K from my cash out refinancing.

3. He told me that his 3 day coaching would make it all happen faster and I would be IN with his Private Money. He said that it counts whom you know. I took it if I do 3 days with him I would know him and he would fund my deals.

4. While he was with me, he demonstrated bogus real estate purchase offers at 6% conventional loans.

5. His loan available letter cost me 4 weeks extra time, before lee finally changed it to good and available fund letter.

6. Lees charges caused my cash out refinancing to be turned down by my bank.

7. Due to the time elapse, All credit card bills due date came in, and I had to pay out of my business reserve.

8. All above facts together, destroyed my real estate business that I was working on for a year.

9. If he did not convince me to do 3 days with him with the cost of $25K, not only would I have kept my $25K, but I would have also kept the $40K business reserve and could have retrieved the cash from the re-financing of my residence and rentals.

 He damaged me and he is denying it. I will go forward from here.

to all readers,

mrs. haney, this is lee arnold.  i'm still here to help you and support you.  contact my assistant at the number i provided and we can continue our regularly scheduled mentoring calls.  i have clients 5 minutes from your house that are making money, there is no reason why you shouldn't be.  I look forward to continuing our relationship. 

Lee Arnold

25,000 dollars for a 3 day training class?  I'm sorry but that is insane.  This has scam written all over it.  I say take him to court.   At least he could of done is refund the money.  You already paid the 900 dollars for the event (which is nuts by the way).  I would take him to court. Ask for your money back or take him to court.  plain and simple.  And don't pay for crap like this.  There is a plethora of information on real estate investing FREE online.  Some people are sellers.  Like the guy who comes to your door and tries to sell you encyclopedias.

This is Taken: I placed a high hope on Lee. I spent the last reserve that I borrowed from my husband. He overcame my 2 cancellations by convincing me to do his 3 day coaching. Obviously you have to do something negative to change the persons perception of you, and Lee certainly did that to me again and again. Now I think of him as a person who mastered the art of convincing someone to gain his way. He even lies to get it. I have never heard him admitting his mistakes. It is always someone elses fault.

I have the records of 8 purchase offers he made at a Realtors office on the final day of his coaching. We were at the Realtors office. She showed Lee and asked how he would like her to fill out the loan section of the offer to purchase forms. All were written as 6% conventional loan purchases. Non of these offers were even considered as legitimate offers, because the seller was accepting only cash offers.

After 3 day personal coaching was over, communication was terrible, since he does not answer your emails or never pick up a phone. Only way to say anything to him is to wait for the weekly call or to TEXT, so I purchased a new TEXTABLE cell phone. When the time came to talk to him on the phone, you are not given the time to ask questions. Mostly he asked and I answered for the old matters I have written in a week prior. It took me 4 weeks to ask him about the problem of 6% conventional loan. He then blamed the Realtor; and even insulted her by saying that is why she is still stack in her Realtor job, instead of becoming a real estate investor after 10 years of holding the license.

Regarding the $25,000 charges: When he called me to convince me to cancel my cancellation to hire him for 3 day coaching, he said that he will give me credits for the home study courses I purchased prior. I took credit for 3 items I paid for in the amount of $3,400. He charged $15,000 after I already canceled the coaching on May 17,2010. And he charged additional $6,600 on the day he called and talked for an hour on 6/4/10. (NOTE: There was another program that I canceled and Carl at his office was working on getting credit back in the amount of $997 since around May 10 th, prior to going to the live tour.  After 6 month of a big runaround, Lee just OKed this refund on 11/12/10.)

Regarding his home study courses: Many of his programs are worthless. One of the programs Cristie pushed into my arms from the hotel was a loan mod program that I could market. I wasted good one hour studying the dumb thing. The program goes on and on leading you to believe that the program will analyze your on line paperwork by giving you a traffic light like stop and go signals. I could not make a go of it, so I called his office and left a massage. On the next day I leaned that the program was replaced with another program. I also found out that the banks like to use their own forms for loan Mod. I sent an email telling them I cannot sell the dumb thing for a penny.

Another program that I wasted my time and my money were his first edition of hard money program. I bought the program and kept it, because Lee promoted to lend hard money loan up to 65% of loan to value, not loan to purchase price like all others. It meant you did not need the down payment to get his hard money loan. All I had to do was to get a contract under 65% of the market value. So I was working on it. Then a few months later he started to say that you must bring 35% of your money to get his hard money loan. I paid $1,495 for this program that turned into dust in a few months.

About 45 days after his 3 days of coaching visit, I was expecting up to $40,000 cash out of my residential loan re-financing. I was shocked to receive a cancellation notice from my lender. The large charges Lee made on my credit cards showed up on my credit reports. I was going to use the cash for down payment of my investment property one at a time. All my plans went under, because of Lees charges of $21,600.

He talked for hours on the phone until I gave in to hire him for 3 days for $25,000. I took his persuasiveness as a sincere interest in my situation. He knew that I was defrauded and lost all my retirement money a couple of years ago.

Lee is supposed to be a whiz at analyzing financial situation by just looking at all the financial papers. He said so without using the word whiz. Knowing that I sent all my financial papers to my loan officer, Lee asked me to send the same papers to him prior to the 3 day coaching as I stated already. I lost out on getting New $40,000 capital for my business after I spent $21,600 on Lee. I lost out on the approval of purchasing loans from the same lender all at once because of his charges.

Without his coaching I would have kept over $20,000 and added new $40,000 from the new loan and would have kept old capital my husband set aside for my business in the amount of $40,000. Within a month and a half, I lost $60,000 and I had to spend his $40,000 to pay new bills. 

I had to give up the business I was planning for a year and change the nature of my business. Truly, Taken

my name is lee arnold, the person being accused by this customer.  it should be known by all, that this customer, as with all of my customers, was given the utmost care and treatment during her time with my company.  the mentor/men tee relationship is a powerful one, if utilized accordingly and correctly.  when paying an "expert" high level mentoring fees it is of the utmost importance that the student does what the teacher requires and asks of them.  when the student fails to perform the duties that were given progress cannot be made. 

while working with mrs. haney she consistently failed to accomplish the tasks at hand that were given to her.  however, during my time with her in her market she was very happy, hard working and incredibly cordial.  i returned from my time in the field with mrs. haney with glowing remarks. i have pages of signed testimonials from mrs. haney as well as video stating how thrilled she was with this service and how much this was going to change her life and her income earning abilities.  if anyone would like to receive links to both the glowing testimonials as well as the video's please email me to lee at imthesolution . com

when working with me and my company you will learn very quickly just how much care and compassion we have for our clients.  it is unfortunate when people resort to these types of tactics as opposed to simply communicating.  i have attempted to contact mrs. haney on numerous occasions both via phone, and email to no avail.  she refuses to have a conversation with me to sort through the challenges that she encountered to do her unwillingness to do what i asked her to do.  had mrs. haney spent as much time working in the field and implementing the tools and strategies she was taught she would have already recovered her investment two or three times over. 

in an effort to help mrs. haney with this situation, not only did my company reduce the amount of the training to allow her to be able to afford to get involved, we also issued her a credit back on her credit card for a portion of this training the day before she posted this complaint.  it just goes to show, no matter how hard you work to make things right for some people it's more important to argue and complain than it is to make money.

all readers should know that i have extended invitation after invitation to mrs haney to continue our work together in an effort to help her make her initial investment back.  as of the time of this writing she refuses to reengage and get back to the task at hand.  if anyone, for any reason, wishes to see the supporting documentation as well as the signed contract from mrs. haney, regarding her absolute enjoyment of this training and are time together i would be happy to provide to you and yours. 

if you are reading this while considering getting involved in the mentoring training please know that the results of your time spent with me and my company will only be as good as your willingness to think outside of the box, remove yourself from your comfort zone and do the things that I know to work.  if you are willing to put forth the time and the effort i can assure you the results will be there.  good luck to you in your quest for financial freedom and kudos to you as well for taking the time to diligently research those that you desire and seek out and business with.  your diligence will be rewarded.  god bless    lee arnold