Rejected by a turnkey operation - Ohio Cash Flow

[Kelly McClellan]

Has anyone else had a horrible experience with Ohio Cash Flow?  Boy I did!

After completing an online form and following up with all of the questions and correspondence that was sent my way (including sending my proof of cash funds, account statements, etc), these folks let me know they were not interested in working with me. 

I will say I was quite put off. What miffed me the most was the persistent question I was asked about what my expectations of an investment with them would be. I answered this with indicating that I would like to speak with someone to learn more about their program and what they had to offer. It seemed reasonable to me  

However, it was after I expressed frustration that I had sent all the info they asked for and had yet a to have anyone reach out to me regarding the company’s investment opportunities, I was told I did not fit their customer profile and that they would not be able to work with me.

Anyway, they continue to contact me with marketing material from time to time.  With each contact I ask them to remove me from all contact lists.  

I am just curious what others might have experienced???

Thanks for any feedback!

Kelly

[Jay Hinrichs]

Originally posted by @Kelly McClellan:

Originally posted by @Mark S.:

@Kelly McClellan, I had a call with them years ago.  They seemed okay but also seemed very much focused on cash buyers only (first red flag).  They had a 4-plex come online and I asked if they would accept financing on it and they said they would.  After further research, I decided to pass on it.  I would occasionally get emails from them and it was difficult to get a response back when I’d reply, so I just decided to move on.  Over the years as they’ve apparently grown bigger, they seem to project a “better than thou” image with a chip on their shoulder and that doesn’t sit well with me.  Not too long ago, in an effort to clean up their email list, asked if I wanted to be removed and then tried to refer me to another turnkey group in Ohio (that I had already connected with and visited) to pick up a quick referral fee.  I called them out on it and never heard from them again (and hope I never do).  What a waste of my time.  

 Thanks for the info. I guess I am not the only one.

I don't have a current business relationship with the company..  However I know the owner quite well and was one of his first funding sources for inventory..  Engelo is a True American success story. He comes here from Australia with two nickles in his pocket .. Born in Croatia ..

He is a high energy and he has a  certain client he likes to deal with.  It is NOT  a red flag that a vendor will only work with cash buyers that is just things that are promulgated by other turn key outfits. I mean try to buy a place in Vegas right now without cash.

Bottom line though once your his client I know no one else who does any better at after care.  The same intensity he has on the up front picking what buyers he will work with is the same intensity after the fact and making sure his clients are well taken care of.. You see no mention from anyone about being a bad PM etc or the house broke down 6 months after buying it.

I have been at many speaking engagements where Engelo and I were presenting. And he is quite rough around the edges with some F bombs thrown in but then again the host was doing the same thing.. I am old school I would never personally do that.. But it works for the new crop of younger investors..  Also keep in mind Engelo is NOT a the super high volume TK operator.. so he is far more hands on.. And once your in his camp that same fierce protective attitude envelopes his investors..

I personally have the utmost respect and admiration for Engelo someone that can come to America with nothing and go on to so well for his clients and him and his family this is what made America great.