Update by user Jun 12, 2017
I was contacted from the NVREA employees right away. They have reminded me that I needed to do my due diligence before jumping on a deal as a developer or gap funder.
They were right! I am upset at the developer (for not being effective) and myself (for not verify during my due diligence). I have no doubts that NVREA system works.
I have done their training (Bus Tour and Field Training) and now I have learned how to verify. My complaint was as an inexperience investor.
Original review posted by user Feb 16, 2017
After a 3-day training, I thought I was trained enough to know what I was doing...wrong...my mistake was to jump on a deal after the 3-day training. I gap funded a deal with another investor that have been in the bust tour and in field training.
The 3-day training gave me an idea of what to do, but did not really prepare me to become a successful investor, I don't even believe the bus tour prepares you that well anyway as a field training DOES. I trusted this investor because he lives in my neighborhood, he has gone through the bus tour and has been in field training. I thought he was very prepare to do flips. I don't know if he was not trained enough to do this job or he just did not get it, but unfortunately I had to pay the consequences.
He came up to me with a deal that he estimated 5 months of completion. We signed on the house back in April 2016, he never reported to me what was going on through the process. When I asked question of what was going on, he did not really give me answers. The house went on the market until December 2016.
The days on the market he promised were 40 days and we are way passed that. The house it is still on sale and therefore it has eaten our profits. This deal is not just taken away our profits, but our original investment as well. Now, I am not getting profits and I am losing my invested money.
I can't recall if he was not trained enough or he did not really learn, but he has been a disaster. We are several investors in it and we all think the same. I have noticed that he has been doing other flips and he is still a disaster on the other flips. He is currently flipping a house and looking for gap funders, I wanted to warn those gap funders, but I decided not to.
I traveled to see the house and he did not follow the system. He did not do much of what we have been taught of the way he has to rehab. Now, what do I do? What can NVREA can do for me?
I am very disappointed and I also feel that the 3-day training might be a waste of money. We should just skip that step and go on the bus tour right away.
The field training is definitely what boosted me to become a successful investor. Danny Pacheco
Product or Service Mentioned: Nv Real Estate Academy Seminar.
Reason of review: Bad quality.
Monetary Loss: $20000.
Preferred solution: Let the company propose a solution.
I didn't like: That some investors are not well trained.