Green Light Real Estate Reviews
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June 18, 2008
Inexperienced Brokers
I invested with these guys just once. Then I moved on to another investing group.
During my short time with Green Light I quickly realized they didn't do good due diligence and didn't give us investors enough information. No wonder so many people lost money with Green Light investments.
I think the guys at Green Light: Ryan, Chris, David, Jed and Alan are very inexperienced in evaluating properties. They attract newbie investors who don't know any better.
I am grateful I found another bulk buying group where I have learned from their seasoned brokers, what to look for in an investment deal
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June 17, 2008
rip off
These guys have ripped off more people than any other investment group I know of. Now I hear Ryan Harris is in bankrupcy to avoid responsibility and hide his assets.
I hope they all go to prison!
Honest people have lost tons of money because of the guys at Green Light: Ryan, Adam, Chris, Jed and David. May they get what they deserve.
Investors beware--you don't want to invest with these jokers.
They don't know what they are doing!
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June 15, 2008
Hype
I bought some properties with these guys a few years ago in North Carolina and Tennessee. Both of my properties have declined in value, and continue to go down. I was hoping to sell them, but there are too many investors trying to do the same thing.
I am loosing money on both of these properties. Now having studied those markets, I see they were already going down when we were offered them. We were told they were appreciating, but that wasn't true.
I think Ryan and Alan try to find good investments, good enough for their mother as they said on the call, they just are both inexperienced and don't know how to analyze the markets. Alan's Golden Horseshoe stuff is nonsense! Markets are studied for specific criteria, and then good deals are found, it is not luck!
I have joined a different "mega" group and I see the difference. The partners look at every angle of the market, conduct extensive due diligence and spent hours explaining their research during the conference calls, webinairs and live buying seminars to potential buyers. There is no hype.
I understand now Ryan and his guys have moved from "Mega Calls" to "Millionaire Summits". Buyer Beware--They won't make a millionaire out of any one but themselves.
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June 15, 2008
bad business practices
I never invested with these guys, because I knew better. I have been investing for over 30 years. I did listen in on one of their calls. What I noticed is they don't give much information about the investment offerings, but Adam talked about how he began investing in Arizona with rental properties. Then on the call they are pitching pre developed land. Two different investment strategies. What people don't realize is that Adam has not made money on this land investments, there hasn't been enough time.
I understand how people loose money with these guys. You have to do a lot of due diligence because these guys don't. The call I was on was mostly hype and irrelevant information.
Beware- you really need to know what you are doing when buying real estate.
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June 15, 2008
bad business practices
I only listened to a few of their conference calls, but never invested with them. I am a seasoned investor, I have been investing for over 30 years. Ryan and Adam are amateurs.
They cater to people who don't know anything about real estate investing, or these investors would not be getting involved with them in the first place.
After listening just a few minutes on the call, I realized these guys did not know what they were doing. Adam was talking about his investing 5 years ago in Arizona. That was a different time and market. It was nothing to do with today. He was investing in rental properties, now he is pitching pre-developed land. Two different animals. Adam has not made money on his pre-development investments, like he has with his rental properties. But his investors don't understand that.
The calls are filled with a lot of hype and not much substance and information about the investment offerings.
Investors are not given solid information, and probably don't have enough experience to do solid due diligence on their own.
No wonder people are loosing money with these guys!
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June 6, 2008
Unethical Partners
These guys are unethical. They say they only offer their investors investment opportunities that they would want their own mother to invest in.
It is not true. They don't do good due diligence, and don't care if their investors loose money. If you complain about a property or developer they don't answer your phone call.
These guys are making millions off their investors and others people bring to the group. And the majority of their investors are stuck in bad investments.
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June 6, 2008
rip off
I invested with Green Light for about one year. Started with them in Arizona. They were still selling properties when the market had become overdeveloped. Dozens of investors could not sell or rent their properties because they were so many on the market.
The partners of the company, Ryan and Alan, are very inexperienced and do not conduct good research and due diligence. Most of the information they give you is hype. I stopped investing with them 2 years ago, but know others who have lost lots of money with them.
Now they are doing the same thing in the Carolinas and Tennessee. They are bringing investors to developments that are selling primarily to investors. It will be hard to sell the properties and already the property values have declined from when the investors bought them. Same pattern continues...
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