Property 23
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Category: Business & Finances
Contact Information United States
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Property 23 Reviews
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Natalie F.
July 7, 2011
Rip Off
As a former employee of this company I would urge anyone interested in buying real estate from Property 23 to avoid it at all costs. I left the company on my own accord due to the company's utter dishonesty and unethical business practices. I say this not as a bitter or be-grudged former employee, I say this knowing how poorly they treat their clients. They will do or say anything to get your money. They will screw you over just to save a buck. Please, please do not allow them to rob you of your hard earned savings. They hide facts about the properties you purchase, and once you have bought the property it is you who will have to pay the city fines, repairs, and tax liens. They will lie to you. If you are interested in quality real estate and an honest company I have friends who have used REIC (Real Estate Investment Company) and had wonderful experiences. I'm sure that another post will appear after this from the company's owner, Sean Whalen stating I am a bitter former employee seeking revenge. However, this is not the case. I just can't stand by and watch people swindled out of their hard earned money. Please don't let it happen to you.
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mrrickmc
January 19, 2011
Bad Investment
Beware of these people and make sure you do your due diligence before you commit to purchasing a property from these people. Run the comp's in m the area theyt are trying to sell to you. Don't listen to the bull about Zillow which is a real estate appraisal site the numbers aren't right but thats what they use to conveince you your buying at wholesale numbers. I purchased a property with the intentions of buying repairing and flipping. Well I had all the repairs done listed the house on the internet in more than 30 sites and haven't gotten one single response. They tell you and make you believe that they are going to help you turn the property when all they do is train you on where to list your property. They'll tell you that out of state investors will buy your property which is bullshit a investor is going to get the best deal possible and it wont be yours if you purchased it from these guys. You will be buying at retail numbers not wholesale. The first Management company they provided to me ran off with the first funds (deposit and rent) after they rented the property and I didn't even know until after the tenant was iyour property whethn the property for 1 month. I found out when I finally listed it with a local real estate agent and the agent goes to the property and there someone living in the house. It has been a mess I live in Dallas Tx and purchased in MO. This was not the investment I was looking for now all my funds are tied up and I'm stuck. Also, if you'll look they are your competition they will not sell your property for you. If your looking for a long term investment go do your own due diligence and buy from a real estate agent in your area not out of town. Don't let them do to you what they did to me push push push I'm smarter than this but it sounded so good and they convinced me after telling them it didnt look good from the comp's I was looking at. Their excuse was they are the professionals and have been doing this for years and know what their talking about and for you not to worry investors from out of the State would purchase your property for a investment even though it was higher than the other property in the area.One more thing they purchased the property at $12, 000 did nothing but get a quote from a local contractor for the repairs and sold it to me for $26, 000. They did well I've now got $31, 000 after repairs and will never sell this property until the market goes up so I'm stuck.
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