Complaint Review: ACE CAPITAL GROUP

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https://www.acecapitalgroup.org/announcement1.html

I was contacted in 2006 with an opportunity to purchase a 25 percent share of a 4.7 acre parcel in the path of growth in Palmdale CA and use the money in my IRA to do so.  I was told by Mr. Wang in person that if at any time I wanted to sell, he would buy it back at current market value or I could sell it myself.  I went ahead and purchased 25% of this Tenants in Common.

Unfortunately 2008 came along and of course the value dropped by 50%.  However the taxes did not drop 50% nor did the fees associated with the servicing company for my IRA.  So for the last 9 years I have paid approximately $6,000 just to maintain this investment that dropped by half its purchase value.

I have contacted the other three owners to see if they would like to sell the whole parcel.  One wants to hold on to it until it recovers its value, good luck with that.  He must be young because he has more time than I do.  The other two were willing to sell but if you do not have agreement from all owners, you are stuck.

Then I contacted several real estate agents in that area to help me sell my portion.  None of them are interested unless the whole parcel is being sold.

This is all I have left.  I was in real estate and mortgages in 2008.  I lost it all except this investment which is absolutely worthless to me now.  I will soon be required to take distributions from it early 2018.  I guess I better start planting money trees on the property to be able to pay the penalties.

If you have any advise, please let me know.  I would greatly appreciate it.

I am a personal investor with Ace Capital and have a solid investment in pre-developed land with clear Title, a Parcel Number and Title Insurance on land that is already on the LA County's Master Plan and meets 10 strict criteria for growth such as water resources, econonic diversity, etc. Before you judge, you have to learn more about it. It's not land in the middle of no-where! People are already moving to the area because there's no more room in LA to live.

I have met and kept in touch with many former Clients of Ace Capital Group and I was not surprised to find out from them that none of them have ever lost money after they made a land purchase with their IRA/401K funds from Ace Capital Group.

In fact, many of them have doubled or more than tripled their money meaning, instead of loosing thousands or hundreds of thousands of their retirement money that they had invested in the volatile stock market they now have two, three or five times more money than what they originally had when they pulled out of the stock market a few years ago...

I am very glad that I myself made the wise decision to use my IRA money to purchase land in an area of growth path from Ace Capital Group and I wouldn't hesitate to recommend Ace Capital Group to anyone looking for a better alternative to the crazy stock market to build their wealth or a better retirement! You even get a grant deed and title insurance for the land you purchase so no matter what happens to Ace Capital Group or to their Brokers and Agents you will never loose your land!