Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Ask About A Real Estate Company
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

353
Posts
213
Votes
Dale Stevens
  • Investor
  • Downers Grove, IL
213
Votes |
353
Posts

Chicago Investment Club Leaders - Feedback needed

Dale Stevens
  • Investor
  • Downers Grove, IL
Posted

So I have been going around and attending many different networking and REI Clubs in the Chicago area. Some I have found useful, others I wouldn't call a club but more an infomercial for the guru pitching a product. Some I would caution you to put your wallet into a safety deposit box before attending.

There is one, I have yet to attend, but I wanted to ask for feedback here. I have asked everyone about all clubs. There is one called the "Chicago Wealth Club".  They are marketed, I think, by a guy from Texas, but run by two local guys. 

Has anyone attended this group?

I have met multiple people that claim the two guys running it, have a history of bad deals and still owe them money from as recent as a bad deal 2-3 years ago, to one guy saying he is still owed money from them from a deal done about a "decade ago" (his words).  I don't want to miss out on a good opportunity if it is just sour grapes.

Has anyone else been left holding the bag by Robert Bock or GD Chaplin that run this group? I want to see if it is worth going or yet another person that just started their own club so they can find a new audience of people as they aren't allowed at other groups due to past dealings.

Most Popular Reply

User Stats

353
Posts
213
Votes
Dale Stevens
  • Investor
  • Downers Grove, IL
213
Votes |
353
Posts
Dale Stevens
  • Investor
  • Downers Grove, IL
Replied

Well, I not only post here, but also contacted many others. It seems that yes indeed, these two have done several deals. If you can call them that. With peopel that went bad. they have yet to make good on them.

I have at least 12 people that are what I could call victims of these guys committing fraud by stating they are experts in the arena. 

take this information for what it is worth.

A few of the people that got back to me, state that these two still say they will return their money and have new "deals in the works". But none feel they will ever see their money again. Some have even had to file Bankruptcy because they were left responsible for a mortgage that was called due, etc. 

Do your research on any person offering advice. that is my take away from this.

Loading replies...