Complaint Review: Goldmine Properties - Dacula Georgia

Interesting this person decided to harm me because he wanted to purchase two homes from the company and did not want to wire earnest money. He never lost a dime just a opportunity to make $25,000 profit on each of these two properties.

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

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Mike Cherwenka Renovations

Homes have SOLD for appraisal price or higher and most within the first week on the market.

Decatur, Georgia

1. 1866 Derrill Dr., Decatur-SOLD on 7/23/13: $110,000 (listed for $99,800)

3/2.5, 1483 sq. ft. Sold for $10,000 above ARV appraisal.

 1887 Ridgeland Dr., Decatur-SOLD on 8/29/13: $99,800 (listed for $99,800)

3/2, 1266 sq. ft.

 2747 Claire Terrace, Decatur-SOLD on 12/6/13: $120,000 (cash buyer)

4/2, 2207 sq. ft.

 1879 Janet Lane, Decatur-SOLD on 2/12/14: $100,000 (cash buyer)

3/2, 1256 sq. ft.

 3065 Del Monico Dr., Decatur-SOLD 3/3/14: $119,800 (listed $119,800)

3/2, 1338 sq. ft. Sold for $5,000 above ARV appraisal

 6.      3043 Del Monico Dr., Decatur-Listed for $122,300, under contract $122,300

3/2, 1340 sq. ft. Sold for $7,300 above ARV appraisal

 3148 Thrasher Circle, Decatur-Rehab in progress, going to be Listed for $139,800

4/2, 1758 sq. ft.

 East Point, Georgia

1. 3128 Dodson Drive., East Point-SOLD on 7/19/13: $130,000 (listed $129,800)

5/3, 3225 sq. ft. includes finished bsmt. Sold for $10,000 above ARV appraisal.

1. 3031 Remington St., East Point-SOLD 3/25/14: $129,800 (listed $129,800)

3/2, 1365 sq. ft. Closing March 30^th . Sold for $20,000 above ARV appraisal.

1. 3214 Cloverhurst Drive, East Point-SOLD 4/16/14: $119,800 (listed $119,800)

3/2, 1504 sq. ft. Sold for $10,000 above after repair ARV appraisal.

1. 4.      3154 Mckenzie Road, East Point-Listed $114,800 (3/2, 1263 sq. ft.)

3/2, 1263 sq. ft.

1. 5.      2561 Woodhill Lane; East Point-SOLD 4/14/14: $124,900 under contract  first weekend for $124,900 (3/2, 1437 sq. ft.)

1. 6.      3591 Potomac Terrace; East Point-LISTED FOR $139,800, 4/2, 1522 sq. ft., under contract $139,800 1^st day on the market. Sold for $10,000 higher than the ARV appraisal.

1. 2842 Blount Street; East Point-Currently being renovated and will be listed for $129,900, 3/2, 1,340 sq. ft.

1. 2356 Ridgecrest lane; East Point-SOLD 4/7/14 (3/2, 1477 sq. ft.) Under Contract First weekend at $130,000.

 EARNEST MONEY IS USED TO PROTECT THE SELLER IF BUYER ELECTS TO DEFAULT ON AGREEMENT. Paragraph 9 in P & S Agreement-Should buyer elect not to fulfill buyers obligations under this agreement all earnest monies will be retained by the seller as liquidated damages.

Other investors put my properties under contract and try to flip to another investor. If they are unsuccessful they try to get their earnest money back the day of the closing.

Sorry to see lies about my reputation on this site. I have wholesales 1500 homes the past 18 years and would not be in business unless investors made money off me.

 If there is one thing we do is pay our contractors fairly. We have been in business for 18 years and still have the same contractors on staff. Of course owner and a new contractor will have disagreements and can be resolved with good lines of communication. Going to ripoff report to harm someone unjustly is not the way to solve issues.

There is no motive to treat anyone not as we would like to be treated.

I was thankful to find fellow consumers voicing their stories of how they were either screwed or almost potentially screwed by the likes of Mr Mike Cherwenka.

Heres my story:

Mike Cherwenka, the former stripper, *now supposedly saved christian man who attempts to trick investors out of there money, via there earnest funds.

Normally when sending earnest funds I forward them to a legitimate title company or the wholesalors attorney to be held in escrow until closing(never to the wholesaler directly.) But Mr Cherwenka was very insistent that I *Wire him the $5000 earnest funds directly to him and *asap!, there were a few red flags and yes I was skeptical but was also very interested in the properties he was offering, so I  pushed aside my skepticism and prepared to send him the earnest funds. But after sleeping on it decided it didnt make good business sense to send him the earnest funds directly when he could easily have his attorney or his title company receive the funds. 

He than preceded to threaten me with sending out a mass email to his investor list,advising them to avoid doing business with me, and that *if i did not wire the funds..(to use his words? "Ill have you black listed.")
Well needless to say that after 2 emails containing these types of threats, I decided to no longer communicate with him directly but through his attorney. I advised his attorney that I no longer felt comfortable with Mr Cherwanka or his deals, and that I would not be wiring him any cash directly.

For all I know he made good on his word and sent out an email blast, but at this point I could careless, Once I found all the complaints on line with a simple search from google, I was just thankful I saved myself from losing a potential $5000.

To all of you looking for wholesale deals... Not only should you avoid Mr Mike Cherwenka like the plague, But also avoid any individual requiring you to wire funds directly to there personal account in order to consummate any sort of business deals.

Sincerely
Andy
Nationwide Property Investor