- Report: #548595
Complaint Review: Dutch Mendenhall / Tax Auction Investors TRUSTED Business | Verified Safe™…businesses consumers can trust. Dutch Mendenhall and Tax Auction Investors educates real estate’s investors and teaches them how to build long term wealth. Tax Auction Investors strives to stand out in an industry polluted with those making promising to make you rich with little or no investment. - Las Vegas Nevada
6 Updates & Rebuttals Read More About : Dutch Mendenhall / Tax Auction Investors TRUSTED Business | Verified Safe™…businesses consumers can trust. Dutch Mendenhall and Tax Auction Investors educates real estate’s investors and teaches them how to build long term wealth. Tax Auction Investors strives to stand out in an industry polluted with those making promising to make you rich with little or no investment.
Reported By:
Ronald S -
Denver, Colorado, USA
Submitted:
Updated:
-
Author Confirmed
Why?
Dutch Mendenhall / Tax Auction Investors TRUSTED Business | Verified Safe™…businesses consumers can trust. Dutch Mendenhall and Tax Auction Investors educates real estate’s investors and teaches them how to build long term wealth. Tax Auction Investors strives to stand out in an industry polluted with those making promising to make you rich with little or no investment.
3225 McLeod Dr Ste. 100 Las Vegas, 89121 Nevada, United States of America
Phone:
866-542-1215
Web:
www.commercialmillions.com
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Commercial Training Institute, Inc Jason Gilbert, Commercial Real Estate Course and Boot Camp Las Vegas, Nevada
*General Comment: Commercial Short Sales - Jason Gilbert
*Consumer Comment: Discretion is the better part of valor
*Consumer Comment: You are not alone...
*General Comment: you are being SCAMMED!!! see below!
*General Comment: Beware of the Jason Gilbert/Dutch Mendenhall Scam
*Consumer Comment: Sour Grapes
Report Attachments
Ripoff Report Verified™ REVIEW
EDitor's UPDATE: Positive rating and recognition has been given to Dutch Mendenhall – Tax Auction Investors for its full commitment to quality customer service.
Ripoff Report's discussions with Tax Auction Investors have uncovered an ongoing dedication by the company to total client satisfaction. This means that clients can expect that the company will work towards finding a mutually satisfactory resolution to any concerns. Tax Auction Investors listens carefully to client concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services.
Our mission is to help our students understand the real estate market and teach them the skills they need to have financial success and a secure place to invest their hard-earned money. Our team, Randle, Amy, and myself, decided to create a guaranteed path, if they choose to follow it, where we could invest side by side with students since we only put our money where we see potential.
When you get into this business, the learning curve is fast and furious. The number one thing that happens to most investors is that they get overwhelmed and quit. They don’t know where to find the contracts, so they quit. They don’t know where to find the auctions, so they quit. They don’t know how to evaluate properties, so they quit. Instead of chunking this thing down piece by piece, they try to tackle the demon all at once and get overwhelmed and confused. We won’t allow that to happen to you and we teach you how to fight that little voice inside your head that keeps telling you that this stuff is too hard. So, there are really no excuses that are good enough to detour you from getting from where you are today to where you want to be tomorrow.
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
The information provided in this report below is based on comments made by Dutch Mendenhall during an onsite inspection held by a third-party verification company with no biases towards Tax Auction Investors.
Tax Auction Investors does real estate education and training to aid individuals looking to get into the real estate investment world. Dutch Mendenhall stated the following about his company, "we try to provide as much free information as much education as much training as much knowledge base as humanly possible from real-time information. We have people every single day that are doing deals working on deals for our business and we do our best from an informational standpoint to pass that information on to the everyday person. And then for those that decide they don’t want to go into it themselves, we have a done free service where they can partner with us and invest with us and become...we put our money where our mouth is what we always say."
Leads for Tax Auction Investors are primarily obtained through online training through different online platforms including Facebook, Google, YouTube, Bing, and Yahoo. Mr. Mendenhall proceeded to explain the sales and service process for Tax Auction Investors, "the experience they have with us is what we call a live experience. So, we take people in the field and look at houses we take people into our rehabs it is a hands-on experience. We have them talking to sellers and we have them talking to buyers. And so, when we are doing...we give away the information and training for free the service that people pay for is to go and learn in a real-life hands-on experience. So, they travel to one of our major cities and go right in and look at houses with us and go to our rehabs, so it is a hands-on experience. We have people come from all 50 states and I can’t say we have done training in all 50 states, but we have in most of them."
CUSTOMER CARE & COMPLAINT RESOLUTION – DUTCH MENDENHALL – TAX AUCTION INVESTORS
Mr. Mendenhall was asked to describe a situation where a client was not satisfied with the level of service they received. He stated the following, "I know we are not perfect nothing in real estate is perfect no business is perfect. But what is incredibly important to us is immediate quick action if something goes wrong and to work through it hand in hand with our students and investors. And so in the history of our business, we have not had anyone lose money on a deal with us. The quick immediate action is extraordinarily important to us. I would say the only time if someone comes into our business and it does not match up like they had false expectations coming in we would do our best before the process really begins is to really set realistic real-life expectations for people. Our goal is to set realistic expectations based on what your situation is as an investor. I don't expect people to be like me so I need to teach them how to do it successfully no matter what that is if they have a lot of money to invest in real estate or not a lot of money to invest in real estate."
When asked to comment on complaints posted on Ripoff Report's website Mr. Mendenhall stated the following, "so that is not our business and our company, so I don’t know the best way to address that. We were hired by a company to perform a service. That gal bought a product and wanted a refund and we provided her a refund. She did not like the way we went about the refund policy and those kinds of things. Basically, it was a company we did business with is who she is complaining about. It was not about our product or service. It was not our product or service she was getting a refund from. We were doing business with them. They are an outsourcing company. She bought a product from their company and wanted a refund and then contacted us for a refund and we tried to help her get a refund from that company and then we became her target. So, this report is about a different company not about our company."
Tax Auction Investors is proud to be a part of Ripoff Reports Corporate Advocacy Business Remediation and Customer Satisfaction Program. Mr. Mendenhall stated the following, "What it means to me is that out there in the marketplace people don’t know who to listen to. Every single day you get information some of it is real and some of it is who knows, and you are trying to figure out who to trust. And a company like Ripoff Report allows the consumer to know that when they are buying a product making an investment that a company is real it is legitimate it has been in business for over a decade they are doing it every single day and a company that gives more than anyone else out there. I think it is important for Ripoff Report is there for people to know that a business is real and doing this every day.
DUTCH MENDENHALL – TAX AUCTION INVESTORS – STATEMENT FROM THE CEO – DUTCH MENDENHALL
" We don’t offer trainings on how to make you a millionaire. Instead, we provide a tested roadmap to get there. I never planned or wanted to be a thought leader or guru, destiny drew me into this path and I’d like to take you along for the ride.
Tax Auction Investors’ team is confident there is no one, no other company, no other business in America that has the kind of success rate in working with their students that they mentor. Tax Auction Investors takes employee satisfaction seriously as well. Employee feedback and surveys reveal comments such as this, "My staff, my people, are my business. We’re a family and at Tax Auction Investors we’re not just a team, we’re a family. And our company culture reflects that; for example, at 2:30pm our California office is empty since our team members go pick up their kids from school. We strive to stand out in an industry polluted with those making promising to make you rich with little or no investment. "
Ripoff Report was pleased to learn that Tax Auction Investors’ past and current approach to business is focused on its pledge to total commitment towards client and employee satisfaction.
STATED IMPROVEMENTS FROM DUTCH MENDENHALL – TAX AUCTION INVESTORS
Tax Auction Investors recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report's review, Tax Auction Investors has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.
In summary, after our review, which included discussions with Dutch Mendenhall, Ripoff Report is convinced that Tax Auction Investors is committed to quality delivery of services resulting in total client satisfaction.
How does a business get Ripoff Report Verified™
The member business allows Ripoff report to email everyone from the past. Those who respond to Ripoff report with a valid complaint must be take care of. They have made a commitment that if anyone contacts Ripoff Report in the future, they will make things right within 14 days. The member business must err on the side of their customers. Otherwise the member business is off the program.
Ripoff Report has determined that Dutch Mendenhall – Tax Auction Investors meets Ripoff Report Verified™ standards which include a commitment to make a good faith effort to resolve any consumer complaints. Members of the Corporate Advocacy Business Remediation and Customer Satisfaction program do pay a fee for our on-site review, 24-hour monitoring and for support with customers to resolve any disagreements.
Ripoff Report sends a 3rd party service to do an onsite inspection of the new member business. The on-site inspection / review does not mean that the products or services offered by the business have been evaluated or endorsed by Ripoff Report and has not made a determination as to the business' product quality or competency in performing services. We can verify, that Ripoff Report went to the business, verified their business or “work from home business”, there for, if a customer in the future does not get treated correctly, Ripoff Report can get the problem resolved. If not, and the customers is right, the member business will be taken off the Corporate Advocacy Program. Remember, Ripoff Report emailed every customer from the past that filed a complaint to make sure the member business made things right with customers from the past. Again, to err on the side of their customer, those from the past and those in the future.
Read more about why consumers should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.
Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. This program works.
As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint, so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses, so we can insure that the member business did right by their customer.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
-------------------------------------------------------------------------------
EDitor's UPDATE: Positive rating and recognition has been given to Dutch Mendenhall – Tax Auction Investors for its full commitment to quality customer service.
Ripoff Report's discussions with Tax Auction Investors have uncovered an ongoing dedication by the company to total client satisfaction. This means that clients can expect that the company will work towards finding a mutually satisfactory resolution to any concerns. Tax Auction Investors listens carefully to client concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services.
Our mission is to help our students understand the real estate market and teach them the skills they need to have financial success and a secure place to invest their hard-earned money. Our team, Randle, Amy, and myself, decided to create a guaranteed path, if they choose to follow it, where we could invest side by side with students since we only put our money where we see potential.
When you get into this business, the learning curve is fast and furious. The number one thing that happens to most investors is that they get overwhelmed and quit. They don’t know where to find the contracts, so they quit. They don’t know where to find the auctions, so they quit. They don’t know how to evaluate properties, so they quit. Instead of chunking this thing down piece by piece, they try to tackle the demon all at once and get overwhelmed and confused. We won’t allow that to happen to you and we teach you how to fight that little voice inside your head that keeps telling you that this stuff is too hard. So, there are really no excuses that are good enough to detour you from getting from where you are today to where you want to be tomorrow.
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
The information provided in this report below is based on comments made by Dutch Mendenhall during an onsite inspection held by a third-party verification company with no biases towards Tax Auction Investors.
Tax Auction Investors does real estate education and training to aid individuals looking to get into the real estate investment world. Dutch Mendenhall stated the following about his company, "we try to provide as much free information as much education as much training as much knowledge base as humanly possible from real-time information. We have people every single day that are doing deals working on deals for our business and we do our best from an informational standpoint to pass that information on to the everyday person. And then for those that decide they don’t want to go into it themselves, we have a done free service where they can partner with us and invest with us and become...we put our money where our mouth is what we always say."
Leads for Tax Auction Investors are primarily obtained through online training through different online platforms including Facebook, Google, YouTube, Bing, and Yahoo. Mr. Mendenhall proceeded to explain the sales and service process for Tax Auction Investors, "the experience they have with us is what we call a live experience. So, we take people in the field and look at houses we take people into our rehabs it is a hands-on experience. We have them talking to sellers and we have them talking to buyers. And so, when we are doing...we give away the information and training for free the service that people pay for is to go and learn in a real-life hands-on experience. So, they travel to one of our major cities and go right in and look at houses with us and go to our rehabs, so it is a hands-on experience. We have people come from all 50 states and I can’t say we have done training in all 50 states, but we have in most of them."
CUSTOMER CARE & COMPLAINT RESOLUTION – DUTCH MENDENHALL – TAX AUCTION INVESTORS
Mr. Mendenhall was asked to describe a situation where a client was not satisfied with the level of service they received. He stated the following, "I know we are not perfect nothing in real estate is perfect no business is perfect. But what is incredibly important to us is immediate quick action if something goes wrong and to work through it hand in hand with our students and investors. And so in the history of our business, we have not had anyone lose money on a deal with us. The quick immediate action is extraordinarily important to us. I would say the only time if someone comes into our business and it does not match up like they had false expectations coming in we would do our best before the process really begins is to really set realistic real-life expectations for people. Our goal is to set realistic expectations based on what your situation is as an investor. I don't expect people to be like me so I need to teach them how to do it successfully no matter what that is if they have a lot of money to invest in real estate or not a lot of money to invest in real estate."
When asked to comment on complaints posted on Ripoff Report's website Mr. Mendenhall stated the following, "so that is not our business and our company, so I don’t know the best way to address that. We were hired by a company to perform a service. That gal bought a product and wanted a refund and we provided her a refund. She did not like the way we went about the refund policy and those kinds of things. Basically, it was a company we did business with is who she is complaining about. It was not about our product or service. It was not our product or service she was getting a refund from. We were doing business with them. They are an outsourcing company. She bought a product from their company and wanted a refund and then contacted us for a refund and we tried to help her get a refund from that company and then we became her target. So, this report is about a different company not about our company."
Tax Auction Investors is proud to be a part of Ripoff Reports Corporate Advocacy Business Remediation and Customer Satisfaction Program. Mr. Mendenhall stated the following, "What it means to me is that out there in the marketplace people don’t know who to listen to. Every single day you get information some of it is real and some of it is who knows, and you are trying to figure out who to trust. And a company like Ripoff Report allows the consumer to know that when they are buying a product making an investment that a company is real it is legitimate it has been in business for over a decade they are doing it every single day and a company that gives more than anyone else out there. I think it is important for Ripoff Report is there for people to know that a business is real and doing this every day.
DUTCH MENDENHALL – TAX AUCTION INVESTORS – STATEMENT FROM THE CEO – DUTCH MENDENHALL
" We don’t offer trainings on how to make you a millionaire. Instead, we provide a tested roadmap to get there. I never planned or wanted to be a thought leader or guru, destiny drew me into this path and I’d like to take you along for the ride.
Tax Auction Investors’ team is confident there is no one, no other company, no other business in America that has the kind of success rate in working with their students that they mentor. Tax Auction Investors takes employee satisfaction seriously as well. Employee feedback and surveys reveal comments such as this, "My staff, my people, are my business. We’re a family and at Tax Auction Investors we’re not just a team, we’re a family. And our company culture reflects that; for example, at 2:30pm our California office is empty since our team members go pick up their kids from school. We strive to stand out in an industry polluted with those making promising to make you rich with little or no investment. "
Ripoff Report was pleased to learn that Tax Auction Investors’ past and current approach to business is focused on its pledge to total commitment towards client and employee satisfaction.
STATED IMPROVEMENTS FROM DUTCH MENDENHALL – TAX AUCTION INVESTORS
Tax Auction Investors recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report's review, Tax Auction Investors has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.
In summary, after our review, which included discussions with Dutch Mendenhall, Ripoff Report is convinced that Tax Auction Investors is committed to quality delivery of services resulting in total client satisfaction.
How does a business get Ripoff Report Verified™
The member business allows Ripoff report to email everyone from the past. Those who respond to Ripoff report with a valid complaint must be take care of. They have made a commitment that if anyone contacts Ripoff Report in the future, they will make things right within 14 days. The member business must err on the side of their customers. Otherwise the member business is off the program.
Ripoff Report has determined that Dutch Mendenhall – Tax Auction Investors meets Ripoff Report Verified™ standards which include a commitment to make a good faith effort to resolve any consumer complaints. Members of the Corporate Advocacy Business Remediation and Customer Satisfaction program do pay a fee for our on-site review, 24-hour monitoring and for support with customers to resolve any disagreements.
Ripoff Report sends a 3rd party service to do an onsite inspection of the new member business. The on-site inspection / review does not mean that the products or services offered by the business have been evaluated or endorsed by Ripoff Report and has not made a determination as to the business' product quality or competency in performing services. We can verify, that Ripoff Report went to the business, verified their business or “work from home business”, there for, if a customer in the future does not get treated correctly, Ripoff Report can get the problem resolved. If not, and the customers is right, the member business will be taken off the Corporate Advocacy Program. Remember, Ripoff Report emailed every customer from the past that filed a complaint to make sure the member business made things right with customers from the past. Again, to err on the side of their customer, those from the past and those in the future.
Read more about why consumers should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.
Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. This program works.
As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint, so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses, so we can insure that the member business did right by their customer.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
-------------------------------------------------------------------------------
Commercial Training Institute, Inc Jason Gilbert, Commercial Real Estate Course and Boot Camp Las Vegas, Nevada
ABOUT THE RIPOFF REPORT BELOW:
Ripoff Report would like to let readers know that Ripoff Report emailed this customer, so the member business could make things right with them. When a business joins the Corporate Advocacy Program, Ripoff Report emails everyone from the past so the member business can make things right with them. Of course, everything within reason. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses, so we can insure that the member business did right by their customer. The author of the Ripoff Report below never responded to our offer to help them.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
---------------------------------------------------------------------
Jason Gilbert and Dutch Mendenhall run a commercial real estate training company called The Commercial Training Institute. They sell a home study course and boot camp program.
I bought the home study course a few months ago and it included some bonus items for $997.00 . Before I ordered the course I asked to be provided a few addresses of deals that Jason has done. I was told that I would be emailed some current closed deals. As of today I haven't been sent any, after asking again. No further response on that.
I attended the seminar in person also. Paid the air fare and hotel on my end. Was a pitch-a-thon for some other speakers that were their and pitch on doing the mentorship with Gilbert. I was told at the seminar that students that have the home study package would get future updates as well for free. Jason Gilbert is now doing a seminar for his new technique "short sales" which now I'm being asked to pay an upgrade for.
If you take a look at the links below for his sales page. You can view what's included. The Advanced Online Training has been nothing at all. No follow up, only sales pitch for future seminars.
(** click the picture to en-large the graphics **)
http://img196.imageshack.us/img196/3977/gilberths1.jpg
http://img689.imageshack.us/img689/3691/gilberths2.jpg
Now in a recent email from Jason Gilbert, he's claiming if you send in your old real estate courses to him. He will discount his flagship product by 85%. If you look at the links above the normal price is $997. His email is at the below link:
http://img23.imageshack.us/img23/3363/jasonmail.png
When you take a look at his Cash For Courses site. He claims the price of his flagship product is $1497+$497+$8000 a value of $10,000. Act fast and get it for $1497 plus a $500 credit, bringing it to $997. Which is the everyday price. This is a lie and scam from Jason Gilbert, Dutch Mendenhall, and The Commercial Training Institute.
Take a look at the photos from his Cash For Courses site.
http://img51.imageshack.us/img51/4314/cashforcourses1.png
http://img51.imageshack.us/img51/2971/cashforcourses2.jpg
The Commercial Short Sale Unleashed course Jason Gilbert is selling is just a recording from some recent teleseminars, pitching you on buying his bootcamp.
http://img43.imageshack.us/img43/3462/css1eu.jpg
http://img706.imageshack.us/img706/654/css2s.jpg
This Gilbert is a total ripoff. I've gotten no support when I've emailed and they still try to get more money from me. Maybe the State Attorney General needs to look into this guy. Provide proof your doing deals Jason Gilbert and the give your students the sources for funding if needed, since you won't do any partnering with students. I've sent in about 11 deals that work on paper. They need some upfront money.
http://www.cashforcourses.com/
http://www.commercialshortsalesmadeeasy.com/
http://www.commercialshortsalesmadeeasy.com/anatomy/
http://www.makemoneyincommercial.com/
6 Updates & Rebuttals
Robert
United States of AmericaSour Grapes
#2Consumer Comment
Tue, March 08, 2011
I have attended a recent boot camp for Jason Gilbert's Commercial Quick Cash program. I also own their Commercial Short Sale home study course. Furthermore, I am entering their coaching program.
The information in the original report is nothing more than whining because they feel like they are owed something for free. There have been no updates since the reporting individual purchased his course. The Commercial Short Sale course is a completely different course; not an upgrade. Since I bought the CSS course, he has released a Commercial Loan Mod course. This is NOT an upgrade to the CSS course. It's a whole new course.
These courses are intended to impart information on how to perform commercial deals, and they are good at that. I have completed the CQC and CSS courses and both are very good.
I have attended some other, non-CTI-related boot camps on real estate, and they all have a certain amount of "pitching" for products within them. But there is still very good information in them. You have to understand that. At the recent CQC Boot Camp from CTI, there was NO pitchfest whatsoever. It was two solid days of instruction.
I feel that the original poster has a case of sour grapes and buyer's remorse, and that this entire report should be removed.
RUSSO-Esq.
Willoughby,Ohio,
United States of America
Beware of the Jason Gilbert/Dutch Mendenhall Scam
#3General Comment
Mon, October 18, 2010
I am a commercial real estate attorney who received an e-mail generated from what I believe is Loopnet.com on Jason Gilbert's and Dutch Mendenhall's Commercial Real Estate course. I handle workouts on distressed commercial properties for clients and was interested in what they had to offer the market. I e-mailed them back and they called me within minutes. They promised amazing results and to "partner up" with me on deals offering up to $25,000,000 to lend on behalf of any deal I bring into them. I asked what the deal parameters were and they explained they will "place" the note of up to $25 million if I can bring in a deal with LTV's of at least 80% that's senior debt and they would take 3% on the note as a commission. "The rest was mine". They then proceeded to "size me up" on my credit status and earnings and what I do for a living along with if I found a "great deal" that would pay my course fee back many times over, would I use my available credit (cards) to finance the deal? What they were doing was feeling me out on what they can get from me in fees. They ended up lowering their price to me because they wanted to "partner up with me". They told me they can let me in for $497 but I had to act fast. I asked some basic questions on structuring deals that the first gentleman could not answer who then transferred me to a "deal director" who also could not answer any of my basic questions with even a hint of how commercial real estate works in the real world-distressed or not. The basic premise of what was said by the "deal director" was that they teach how to secure deals for distressed property from distressed property owners for no cash down but allow me to make huge upside profit on a no cash "flip".
There are no deals out there like that and no equity owner with that much equity will EVER turn subordinate their equity and become junior on their equity and no bank will EVER allow themselves to be subordinated on what is owed to them (go from 1st position debt to second position debt) without a large cash buy out to protect their banks books (outstanding loans). Bank will sometimes reduce their 1st position rights if they can secure a lower amount of exposure (total mortgaged debt owed to the bank) by having fairly large amount of the debt paid back immediately by the mortgagee or by the new 1st position lender. To try otherwise is stupid. Its ludicrous to even try!!! Commercial real Estate doesn't work like that. Also, no owner will ever let someone without experience just "take over" their property. You must be able to manage a commercial property or a massive risk of loss can occur to the property and the bank that owns that mortgage on the property. Lastly, from a last simple view, banks always have a "pay up clause" upon a transfer of a property. Banks will NEVER let someone without experience in property management of that type of real estate EVER just assume the mortgage. If they did, the first mortgagee ALWAYS must be left on the mortgage in case of default. With that said, why would any property or equity owner ever turn his property over to someone who can't handle a property?? Investors, banks, owners, developers, property owner associations and other organizations such as BOMA (Building Owners Management Association) always has members seeking distressed deals and if no one wanted the deal for what's offered the Carlton Exchange Corp. will end up auctioning off the bad debt after foreclosure of the property and re-possession by the bank, pension fund or whoever funded the 1st mortgage. That re-possession ALWAYS is turned over to an in-house or outside real estate management firm that can either operate the facility and keep some cash flow in place, thus keeping up the property value based on a cash generating facility OR they will close the building(s) and mitigate the damage to the building(s) until they find a WORTHY buyer. Commercial real estate is a very tough business that is usually populated by businessmen and professionals who have advanced degrees and licenses along with a good deal of experience in one or more areas of real commercial real estate (management, marketing and leasing, development, finance etc).
If you want to move into commercial real estate the BEST MOVE is to either have a degree in real estate, accounting law, business management or the like OR work yourself up from the bottom at a management property management company and learn the ropes as you work in the arena. There is no substitute for experience in this field and NO ONE will transfer or fund a deal where you have nothing to lose in a transaction for commercial real estate. I hope I can save some people some money and painful reality shocks. If you want big money from commercial real estate deals you must learn and understand the game and put your time in along with some old fashioned hard work.
James
Miami,Florida,
United States of America
you are being SCAMMED!!! see below!
#4General Comment
Thu, June 17, 2010
Hi,
I will start out by telling you that I own numerous commercial properties and have been contacted by SEVERAL so-called "Junior Partners" of Mr. Gilbert's company.
I have purchased and sold close to 60 million dollars of commercial properties in the past 10 years. I feel sorry for anyone who actually paid money for his silly "rubbish". The form he provides is such a joke that most serious sellers will not even consider taking the time to fill it out. Why are you selling? The partners involved? etc,
IN ADDITION, the criteria he uses for acceptable properties is almost unattainable. Something like 80% equity required. Seriously, who with 80% equity will JV said equity at risk with no upfront money from the other party on a risky development that they do not even control? An investor with this amount of equity in a property will sell the property directly with a non-subordinated acquisition purchase money loan to be taken out prior to construction.
The course reminds me of those "no money down" real estate programs that were so hot in the 80's and of course were all scams. The only one making commercial millions is Jason Gilbert off these poor participants who do not know any better.
One last piece of advice, most commercial sellers are contacted by plenty of prospective buyers. The easiest way we authenticate the source is to ask for a resume showing a track record of previous deals. Something Mr. Gilbert obviously cannot provide.
I am sorry you are being scammed.....If it is any consulation, the Attorney General will probably place these clowns in jail at some point for fraud.
Any serious buyer will pay you for a a good real estate deal without asking for an upfront fee for a useless rudamentary child-like course.
Best of luck
Ps. Ask to see ACTUAL deals this clown has done before you pay any money for his course.
NOI
United States of AmericaYou are not alone...
#5Consumer Comment
Tue, June 15, 2010
I went to the MAY seminar for $997 also. This was after they tried to get me for $1497.00
Got a book with some ideas in it and some other various ambiguous information. But then the pitch: $17K or $27K. I told them they had the wrong guy. You see, I am a very successful RESIDENTIAL short sale investor and was simply trying to shift gears for commercial and that I was low maintenance student. Certainly a $17K investment even for their "flagship" product was a waste of my money. After meeting directly with Jason Gilbert himself and dropping a few names we both know and work with in the business, he agreed that a different " partnership" may be in order. That was the last I heard from Jason. After missing a few phone appts I finally got Dutch on the phone and for lack of any good argument basicLLY TOLD ME MY PRICE WOULD BE $10k. I almost went for it. I mean, whats $10K if they deliver HALF of what they say and I put together a deal that could net me $50-$200K conservatively.
I verified with a few people I know who paid upwards of $24K at that seminar and NONE of them stated they have received a fraction of what was promised! NO ONE!
No websites, no proof of funds, no software, no business plans, no documents, same propertys in their "property Vault", ..NOTHING. This was enough for me to back out completely.
I felt Jason ( and Dutch) were good guys. Especially Jason seemed to be sincere. Ex military like myself, I gave him the benefit of the doubt. But actions speak loudest and Im sorry to say, these guys probably bit off more than they could chew and tried to get some people to pay them to bring THEM deals that they could work and profit from but the left hand doesnt know what the right hand did or said. Im a bit heart broken because I felt they were sincere.
Incidentily, the sales guy who sold me on this (Nick) got this same report from me and he went about investigating it for me. He was abruptly fired and his supervisor whos name was given to me prior and that I was told was going to contact me, has not. Hmmmmm...........
Danny
Las Vegas,Nevada,
U.S.A.
Discretion is the better part of valor
#6Consumer Comment
Mon, May 31, 2010
The jury is still out on Gilbert / Mendenhall. One fact we can substantiate is that The Commercial Training Institute has close ties with Robert Allen, who passes his "whales" to Gilbert / Mendenhall for further milking, up to 30,000 for a yealy program to partner in their commercial real estate program.
I ask potential client to get informed and specifically read this site:(((Redacted)))
sooner1985
Little Elm,Texas,
United States of America
Commercial Short Sales - Jason Gilbert
#7General Comment
Sun, February 14, 2010
So from your post, it looks as if you have had a very bad experience thus far. With the original package you ordered, did that course pay any dividends or provide any value whatsoever?
It is disheartening to learn that this information is simply a pitch that leads to other guru's courses with only more money being dished out. This is usually the case and you experienced it first hand for yourself being there in person. Here is one of the emails that I received:
Still confused by real estate?
Maybe you tried but couldn't get going?
Or perhaps you just want a system that's
easy to follow and proven to work...
In any case, I am here to help.
Call (866) 731-8903 for help.
But you must act fast, because 2010 must
be started right, so another year of wealth
does not pass you by!
I want to not only end the confusion, but
end the frustration as well, and finally get
you going. You're closer to success than
you might think...now let's get you started!
Call (866) 731-8903 now to speak
with one of my staff about how easy it is to
get deals in your pipeline and start profiting.
Look, my methods not only changed my own
life but have created success stories all across
the country. NO ONE is teaching what I am
and that just gives YOU the advantage.
Trust me, you don't have to be a financial
expert or have billions in the bank. You
don't need to dress like Trump and best
of all you do NOT need cash down or credit.
As a matter of fact, you don't need any
experience at all...and I'll prove it!
Give the office a call at (866) 731-8903
and let us show you all the options we have
for you and your future.
Just to warn you, I've seen people let this
pass them by, and they aren't happy about
it...don't be one of them.
You don't have to spin your wheels...
You don't have to frustrated...
You can do this!
Let me show you EXACTLY how.
Call (866) 731-8903 now to learn more.
Thank You,
Jason Gilbert
CTI
So he claims this is not confusing and with his system it can be done. Has anyone out there actually ordered and used his strategies on short sales? I do believe the market is as he it is, and that for the next two to three years this could make a fortune for those who know.
Please reply back if you feel he is legit and if you feel his information is worth paying for.
