- Report: #366872
Complaint Review: Larry Loik - REINclub - Real Estate Investor Network - Westlake Village California
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Larry Loik - REINclub - Real Estate Investor Network
4333 Park Terrace Drive, Suite 210 Westlake Village, 91361 California, U.S.A.
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Larry Loik - REINclub - Real Estate Investor Network BEWARE!! Westlake Village California
Beware of any real estate "deals" promoted by Larry Loik through his REINclub. I have checked out many of his offerings over the last 12 months and discovered that they have either been misrepresented in regards to income and expenses, or marked up at the expense of the investor only to line and fatten his pockets.
For example, earlier this year he was promoting a single family investment in Tennessee with a six month builder lease-back. After doing a Google search I found the original broker on that deal. I discovered during my call with the broker that Larry "negotiated" the builder's original twelve month lease-back down to only six months in order to fatten up his commission from the difference! The investor gained nothing! I guess the 6% commission wasn't enough for him.
As a side note, I met Larry Loik at the Learning Annex Real Estate Wealth Expo in LA and never met such a self-centered egotistical person in my life! I've never met a person so HIGH on themselves! I could only compare this guy to a "cheese ball" used call salesman. He is such a smooooth talker - he could sell ice to Eskimos!
It's also hysterically funny how everything he produces has his face plastered on it (website, emails, CDs, flyers, etc.).
Bottom line Be very leery and question everything! I would research and find other comparable investment options on anything they present.
Related link: www.ripoffreport.com/reports/0/254/RipOff0254380.htm
Paul A.
Orange County, California
U.S.A.
For example, earlier this year he was promoting a single family investment in Tennessee with a six month builder lease-back. After doing a Google search I found the original broker on that deal. I discovered during my call with the broker that Larry "negotiated" the builder's original twelve month lease-back down to only six months in order to fatten up his commission from the difference! The investor gained nothing! I guess the 6% commission wasn't enough for him.
As a side note, I met Larry Loik at the Learning Annex Real Estate Wealth Expo in LA and never met such a self-centered egotistical person in my life! I've never met a person so HIGH on themselves! I could only compare this guy to a "cheese ball" used call salesman. He is such a smooooth talker - he could sell ice to Eskimos!
It's also hysterically funny how everything he produces has his face plastered on it (website, emails, CDs, flyers, etc.).
Bottom line Be very leery and question everything! I would research and find other comparable investment options on anything they present.
Related link: www.ripoffreport.com/reports/0/254/RipOff0254380.htm
Paul A.
Orange County, California
U.S.A.
1 Updates & Rebuttals
Larry
Thousand Oaks,California,
U.S.A.
TOTAL FALSE LIES-WRITER (REAL NAME) TOM KENNEDY HAS APOLOGIGIZED FOR WRITING REMARKS ABOVE & IS UNDER CRIMINAL INVESTIGATION & LAWSUIT
#2REBUTTAL Owner of company
Tue, September 09, 2008
TOM KENNEDY IS THE REAL NAME FOR "PAUL A".He has apologized to Larry Loik & The Real estate Investor Network Inc. for writing totally false remarks. He is currently under investigation for doiing this and similar remakrs over the internet to others. TOM KENNEDY tried to falsify documents to try to qualify for a loan because of his bad credit & lack of funds . The construction lender & developer are threatening foreclosure on TOM KENNEDY and as a result he is bitter and is attempting to blame everyone esle for his faliures. He currently is under criminal investigation & is facing a large lawsuit. BEWARE OF TOM KENNEDY TRYING TO CON YOU WITH FRAUDENTLY IDENTITY & ACTIONS.DO NOT ACCEPT ANY OF HIS DOCUMENTS OR CONTRACTS. THE REAL ESTATE INVESTOR NETWORK INC & LARRY LOIK ARE TOTALLY INNOCENT & HAVE A CLEAN TRACK RECORD. THE DEVELOPER MAY BE REACHED FOR PROOF OF ALL FACTS.
