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Report: #685249

Complaint Review: PROPERTY 23 - Orem Utah

  • Submitted:
  • Updated:
  • Reported By: Devastated — Cleveland Ohio United States of America
  • Author Not Confirmed What's this?
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  • PROPERTY 23 Orem, Utah United States of America

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I am a 67 year old retiree with a very limited income.&nbspI was looking for an investment that would appreciate while, at the same time, yielding current income.&nbspI happened upon a website for Property 23 (http://www.property23.com/) after listening to internet radio one afternoon; the company has a program which I didnt realize was a paid advertisement.&nbspEverything they were saying made sense to me with real estate at an all time low, it is probably a good idea to invest.

I called the company and they assured me they had very low risk properties and that they had staff attorneys on hand whom had already done all of the leg work to ensure there were no issues with taxes and liens.&nbspSounds pretty good, huh?

Well, I made a $27k mistake by buying into this firms rhetoric after I dipped into my lifes savings, I quickly learned that the property I purchased was in a very bad neighborhood.&nbspIt was a full eight months before I was able to find someone to rent the property.&nbspThen it was another issue to collect rent payments which I never did receive.&nbspFinally I was able to evict the tenants but they really did destroy the property which was never in good shape to begin with.

In essence, property 23 sold me a money pit, not an investment property. This company is not here for the long haul.&nbspThey will take your money and run.

 

This report was posted on Ripoff Report on 01/21/2011 04:05 PM and is a permanent record located here: https://www.ripoffreport.com/reports/property-23/orem-utah-84097/property-23-p23-consumers-beware-property-23s-awesome-cash-flow-property-is-not-so-aw-685249. 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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REBUTTALS & REPLIES:
2Author
2Consumer
1Employee/Owner

#5 Consumer Comment

P23 Listings on YouTube

AUTHOR: FeedUP - (United States of America)

POSTED: Friday, September 28, 2012

Just reviewed one of P23's listings still out on youTube - he sure did make you feel like it was a spectacular piece of property with the fancy techno music playing in the background. If I didn't know this neighborhood was one of the worst in the city, I might have been dupped as well.

N. Keystone Ave in Indianapolis, IN is as run down and scary as they come. The home was built in 1920's and from the video the inside doesn't look too bad until you see the bathroom, kitchen and basement. Outdated bathroom. Rust in the tub; looks as though the tub might fall through the floor any minute. Outdated kitchen. Basement looks like it has had some flooding as the walls are bubbly.

If these are they types of home this guy was selling to people to make a profit, he selected the wrong homes. In this neighborhood, you'd be lucky to get rent if you didn't get shot collecting it first. Nice job looking out for your investors safety there dude.

BTW - the 67 year old never mentioned he heard your AD on IR 8 months prior, where did you come up with that mess of words?

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#4 Consumer Comment

I have also been duped by Empower Group Usa\Property 23 and have filed my complaint with the company only to be ignored. I am about to lose 10's of thousands of dollars. I have been working on

AUTHOR: Andy - (United States of America)

POSTED: Wednesday, June 08, 2011

I am about to loose tens of thousand of dallars after dealing with this company.

I can not go into detail at this point due to the fact that I am attempting to negotiate with them

My question to Mr Whalen is, why, if you have so many satisfied customers and hve made such
large profits do you not negotiate with the disatified customers to keep your name and reputation in tact. It appears as though you had to change your Co. name: move to a new address and change phone numbers to avoid trouble.

P.S.

I will respond again in the future with the true outcome of my experience, good or bad

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#3 Author of original report

Latest News

AUTHOR: Devastated - (United States of America)

POSTED: Friday, January 28, 2011

http://www.heraldextra.com/news/local/central/orem/article_cf50fd91-732c-5ec0-bb36-bb2959eb81c3.html

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#2 Author of original report

Spitting Mad

AUTHOR: Devastated - (United States of America)

POSTED: Monday, January 24, 2011

How dare you downplay the financial and psychological damage you have caused to your victims! We are honest people who have spent a lifetime saving money in preparation for the day when work is no longer an option and one should have the ability to pay for medical care without help from family members.

You will soon get whats coming to you Ive been informed by the US Trustees Office that the Department of Justice is aware of your scam. In the meantime, Ive done my part to warn people about you opportunistic parasites.

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#1 REBUTTAL Owner of company

Property 23 OFFERS AWESOME Property

AUTHOR: Sean Whalen - (USA)

POSTED: Saturday, January 22, 2011

Why people have to LIE I don't know, but I will share something with you that proves that whoever this 67 year old person writing this is LYING to you. Not that Property 23 needs to prove anything because the fact that we have sold so many properties, and the fact that Property 23 has so many successful clients stands for itself.

This person said that they heard a "paid radio ad on the internet" and they heard it 8 months ago. PROPERTY 23 DID NOT HAVE ANY RADIO or INTERNET ADVERTISING 8 MONTHS AGO. So Mr or Mrs 67 year old, why would you LIE and say you heard a radio/ internet ad 8 months ago when you did not?

Property 23 now offers multiple marketing opportunities. I would be happy to talk with anyone who has heard any crap like what this person has written, and I would be happy to share TRUTHFUL statements about PROPERTY23 with you.

THANKS AND HAPPY INVESTING!

Sean Whalen 801-854-1603 sean@p23.com

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