Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
High Return Real Estate
About 2 years ago, a friend here in the Seattle area contacted me through a financial investment group. He told me about High Return Real Estate company. It was supposedly an all inclusive real estate sales of rental properties in Indianapolis, along with "Roof to foundation warranty", plus in place solid rental property agency. Sounded really good since I was about to sell a property in Seattle. Then, over the next year or so, after the "roof to foundation" warranty expired, Janell and I were absolutely screwed. Not only we we were told by independent contractors, that several of our properties were in terrible disrepair, we had terrible property managers. High Return Real Estate owners told me this on their own, how they messed up with the property managers. We had 7 of 8 properties vacant and all of the 7 were absolutely trashed. We lost many many 10's of thousands of dollars in repairs and turns, not to mention the lost rents. It has been an absolute nightmare. I have never, in my 30 plus years of owning rentals ever been so deceived and ripped off. High Return Real Estate will tell you that I have been drinking. I have... and I am doing better lately... They ripped my wife and I off and if I drank more after coming in contact with them... No wonder. They also offered to buy the properties they sold me back... At pennies on the dollar. After they new Janell and I were in desperate straights. Really, notice you sold us crap, then a crap management company, then losses after losses, then, "Yes, we will buy your properties back after all of your losses, at a discount? Wow, what a great unethical business model.
After this happened... They said, it was because they did not wish to sell the properties to other buyers in such disrepair. Wow, they sold us the properties in "such disrepair". The condition in which they sold them to my wife and I, after all of our life's work.
Really? Oh my goodness. So sad. What happened to the moral ways of my parents and what I expected from them. High Return Real Estate, along with Urbanhaus Real Estate Managment, the ones HRRE referred us to. They hurt my wife and I in our latter years when we were hoping to retire. We were absolutely screwed by Urbanhaus property management, but mostly by High Return Real Estate.
Matthew Campbell