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Report: #614765

Complaint Review: Commercial Millions; Jason Gilbert; Fidelis Properties; Joint Venture Facilitation; JVF and Master L - Internet Internet

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  • Reported By: Stephen — Pasco Washington United States of America
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  • Commercial Millions; Jason Gilbert; Fidelis Properties; Joint Venture Facilitation; JVF and Master L 3225 McLeod Dr Ste. 100 Internet United States of America

Commercial Millions; Jason Gilbert; Fidelis Properties; Joint Venture Facilitation; JVF and Master L Jason Gilbert commercial training Internet

*General Comment: Scam artists

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Signed up for a free report on Commercial Short Sales and then find charges of 97.36 on my next two credit card bills for ongoing tutoring that I never signed up for.  The website had no contact information.  Calls to the office get an answering machine or sales staff trying to sign me up for a seminar.



I want my money refunded.

This report was posted on Ripoff Report on 06/16/2010 12:07 PM and is a permanent record located here: https://www.ripoffreport.com/reports/commercial-millions-jason-gilbert-fidelis-properties-joint-venture-facilitation-jvf-and-master-l/internet/commercial-millions-jason-gilbert-fidelis-properties-joint-venture-facilitation-jvf-an-614765. 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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#1 General Comment

Scam artists

AUTHOR: James - (United States of America)

POSTED: Wednesday, June 16, 2010

Hi,


I will start out by telling you that I own numerous commercial properties and have been contacted by SEVERAL so-called "Junior Partners" of Mr. Gilbert's company.


I have purchased and sold close to 60 million dollars of commercial properties in the past 10 years. I feel sorry for anyone who actually paid money for his silly "rubbish". The form he provides is such a joke that most serious sellers will not even consider taking the time to fill it out. Why are you selling? The partners involved? etc,


IN ADDITION, the criteria he uses for acceptable properties is almost unattainable. Something like 80% equity required. Seriously, who with 80% equity will JV said equity at risk with no upfront money from the other party on a risky development that they do not even control? An investor with this amount of equity in a property will sell the property directly with a non-subordinated acquisition purchase money loan to be taken out prior to construction.


The course reminds me of those "no money down" real estate programs that were so hot in the 80's and of course were all scams. The only one making commercial millions is Jason Gilbert off these poor participants who do not know any better.


One last piece of advice, most commercial sellers are contacted by plenty of prospective buyers. The easiest way we authenticate the source is to ask for a resume showing a track record of previous deals. Something Mr. Gilbert obviously cannot provide.


I am sorry you are being scammed.


Any serious buyer will pay you for a a good real estate deal without asking for an upfront fee for a useless rudamentary child-like course.


Best of luck


Ps. Ask to see ACTUAL deals this clown has done before you pay any money for his course.


 

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