Rules of Renovation sucks you in and then lies about the program and it costs you a lot of money. REI Holdings is he company that owns RofR, and all of the others listed above. They take advantage of people who really want to learn how to get into real estate and flip houses. They are sales people not educators. We did our due diligence before getting deeply involved but I do not believe everything I read especially on the internet. There are some people that are never happy and will write something that is not true.
However; everything I had read online was true. All they are interested in is getting your money and if you attend a "free" seminar and you see through the scam (I wish I had). The mentors do not really mentor. You are told that they will come and spend two days with you and then they never do. If anyone in the seminar has a question or questions how the program works they say you are being negitative and that you probably will not make it in this venture.
Please listen to me and run far away. We have been doing this for nine months and it is not easy, it does not happen within the 90 days they say, the "investors"/con artist that hold the seminars say they will "personnally help you with a deal and they do not.
Please do not go to the seminars, or invest your hard earned money with them. They are the only ones getting rich while we get poorer. And then we have all the credit card debt to pay back but we are not making any money doing this. At the boot camp they ask you to call your credit card companies and request a credit limit increase or open new accounts. They tell you this will help establish your financial base. They have a script you follow in order to get the credit card companies to increase your credit limit. That is fraud in my opinion.
It's as if this is a Trump University class, it's that fraudulent.
Squeeze large amounts of funds from those who are willing to 'drink the cool-aid'! Sad doings indeed... they should refund to those it does not work for, not blame the student! Really!
The 3-day seminar doesn't even deserve 1 star but I had to mark one of them. The seminar was high-pressure sales, offered very little useful information, was motivational in nature and criticized and ridiculed people in the audience for not being "All in." They try to make it a team building event but highly discourage the students from talking to each other. It is a total attempt at brainwashing you and getting your money. They also belittled realtors many times which I found offensive. They made too many references to religion as well. They actually asked for a show of hands of "who had faith." Also requested you read the book "Who Took My Cheese?" This is a personalty assessment exercise. How is that relevant to renovation? When you give any indication of not being interested, they become rude and very condescending. Stay far, far away from this group. Read as many complaints/reviews as you can before handing over thousands of dollars.
We went to a Real Estate seminar in November 2018 called Rules of Renovation, they had a really good salesman and we got talked into spending over $50,000 with the promise of unlimited funding for our properties, and one on one mentoring, they would be with us every step of the way, no way could we do this on our own with out them. We had 3 days to cancel the contract, we had no intention of ever canceling if they did what they promised, it sounded great!
The first actual thing they did was about 3 weeks later and they had a seminar that was supposed to be all we needed to get going, it turned out to be really useless. We were also promised this great software they were to give us access to immediately, that turned out to be outdated and not useful but we didn't have access for almost 3 weeks. We have contacted them several times and they remind us we had 3 days to cancel, problem is, we didn't have access to the computer program or the seminar for several weeks. They talked us into going through a company called Seed Capital to get us qualified for credit cards (that cost $3,500 to have them do that), then they put all $41,297 on these cards, plus the $3,500 for Seed Capital.
Then we find out our "money" that they would fund all our deals with is through another company that wants so much information from us we couldn't get it together in time for our first deal and that cost another $1,000. They also talked us into turning our IRA accounts into a self directed account, that was another $3,500. We are in so much debt we cannot keep up, we have begged for our money back but the best we had offered was to downgrade us to a lower package and refund $15,000, which means we paid $26,000 plus with nothing to show for it. The one on one mentoring turned out to be only a 2 day mentorship, anything over that was an extra charge.
We checked the BBB and they say this is a scam, they say they are based in Utah, but the company address is in Texas. They use HGTV star Hilary Farr to entice us to go to the first seminar and send free tickets worth $500 in the mail to us, when we get there it is just a sales pitch for their real estate company, but they make it sound so good, we willing dish out $2000 for the 3 day program which is where they really hard sell you.
Our "salesman" was actually a very good looking and very convincing actor, we had about 7 couples buy into it for the big money and we are all now realizing what a huge scam this was. We need our money back and really want to keep them from doing this to anyone else.
Product or Service Mentioned: Advanced Real Estate Education Seminar.
Reason of review: Did not deliver on promises made.
I remember telling them I could not attend but the took my money and gave me more material to read and I could decide later when to attend. I took material home and told my family who scholded me for what i did. Knowing I was incapable of performing the tasks necessary to the program. Saying the company has frauded a senior incapable. The told me to ask for my money back. I have tried calling, writing, texting and emailing them for over a month with no response or saying someone would get back to me. No one has responded. a family attorney has also tried to contact them on my behaly with no response.
Rules of Renovation Reviews
Rules of Renovation sucks you in and then lies about the program and it costs you a lot of money. REI Holdings is he company that owns RofR, and all of the others listed above. They take advantage of people who really want to learn how to get into real estate and flip houses. They are sales people not educators. We did our due diligence before getting deeply involved but I do not believe everything I read especially on the internet. There are some people that are never happy and will write something that is not true.
However; everything I had read online was true. All they are interested in is getting your money and if you attend a "free" seminar and you see through the scam (I wish I had). The mentors do not really mentor. You are told that they will come and spend two days with you and then they never do. If anyone in the seminar has a question or questions how the program works they say you are being negitative and that you probably will not make it in this venture.
Please listen to me and run far away. We have been doing this for nine months and it is not easy, it does not happen within the 90 days they say, the "investors"/con artist that hold the seminars say they will "personnally help you with a deal and they do not.
Please do not go to the seminars, or invest your hard earned money with them. They are the only ones getting rich while we get poorer. And then we have all the credit card debt to pay back but we are not making any money doing this. At the boot camp they ask you to call your credit card companies and request a credit limit increase or open new accounts. They tell you this will help establish your financial base. They have a script you follow in order to get the credit card companies to increase your credit limit. That is fraud in my opinion.
It's as if this is a Trump University class, it's that fraudulent.
Sad ripoff like Dump Univ!
Squeeze large amounts of funds from those who are willing to 'drink the cool-aid'! Sad doings indeed... they should refund to those it does not work for, not blame the student! Really!
Content has nothing to do with renovations.
The 3-day seminar doesn't even deserve 1 star but I had to mark one of them. The seminar was high-pressure sales, offered very little useful information, was motivational in nature and criticized and ridiculed people in the audience for not being "All in." They try to make it a team building event but highly discourage the students from talking to each other. It is a total attempt at brainwashing you and getting your money. They also belittled realtors many times which I found offensive. They made too many references to religion as well. They actually asked for a show of hands of "who had faith." Also requested you read the book "Who Took My Cheese?" This is a personalty assessment exercise. How is that relevant to renovation? When you give any indication of not being interested, they become rude and very condescending. Stay far, far away from this group. Read as many complaints/reviews as you can before handing over thousands of dollars.
We went to a Real Estate seminar in November 2018 called Rules of Renovation, they had a really good salesman and we got talked into spending over $50,000 with the promise of unlimited funding for our properties, and one on one mentoring, they would be with us every step of the way, no way could we do this on our own with out them. We had 3 days to cancel the contract, we had no intention of ever canceling if they did what they promised, it sounded great!
The first actual thing they did was about 3 weeks later and they had a seminar that was supposed to be all we needed to get going, it turned out to be really useless. We were also promised this great software they were to give us access to immediately, that turned out to be outdated and not useful but we didn't have access for almost 3 weeks. We have contacted them several times and they remind us we had 3 days to cancel, problem is, we didn't have access to the computer program or the seminar for several weeks. They talked us into going through a company called Seed Capital to get us qualified for credit cards (that cost $3,500 to have them do that), then they put all $41,297 on these cards, plus the $3,500 for Seed Capital.
Then we find out our "money" that they would fund all our deals with is through another company that wants so much information from us we couldn't get it together in time for our first deal and that cost another $1,000. They also talked us into turning our IRA accounts into a self directed account, that was another $3,500. We are in so much debt we cannot keep up, we have begged for our money back but the best we had offered was to downgrade us to a lower package and refund $15,000, which means we paid $26,000 plus with nothing to show for it. The one on one mentoring turned out to be only a 2 day mentorship, anything over that was an extra charge.
We checked the BBB and they say this is a scam, they say they are based in Utah, but the company address is in Texas. They use HGTV star Hilary Farr to entice us to go to the first seminar and send free tickets worth $500 in the mail to us, when we get there it is just a sales pitch for their real estate company, but they make it sound so good, we willing dish out $2000 for the 3 day program which is where they really hard sell you.
Our "salesman" was actually a very good looking and very convincing actor, we had about 7 couples buy into it for the big money and we are all now realizing what a huge scam this was. We need our money back and really want to keep them from doing this to anyone else.
Product or Service Mentioned: Advanced Real Estate Education Seminar.
Reason of review: Did not deliver on promises made.
Monetary Loss: $50,000.00
I remember telling them I could not attend but the took my money and gave me more material to read and I could decide later when to attend. I took material home and told my family who scholded me for what i did. Knowing I was incapable of performing the tasks necessary to the program. Saying the company has frauded a senior incapable. The told me to ask for my money back. I have tried calling, writing, texting and emailing them for over a month with no response or saying someone would get back to me. No one has responded. a family attorney has also tried to contact them on my behaly with no response.