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Updated 15 days ago on . Most recent reply

User Stats

24
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14
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Tom Nagy
14
Votes |
24
Posts

Stay away from RAD Diversified

Tom Nagy
Posted

This company is a complete real estate and investment ponzi scheme.  Run by Dutch Mendenhall and Amy Vaughn, they solicit hard money loans (which they do not pay back) and joint venture real estate deals which they also do not pay back.  Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen.  You can look for yourself by looking them up on Google.  They have over 100 pending lawsuits against them and counting.  Investors beware!

Most Popular Reply

User Stats

370
Posts
367
Votes
Kristi K.
  • Rental Property Investor
  • New Braunfels, TX
367
Votes |
370
Posts
Kristi K.
  • Rental Property Investor
  • New Braunfels, TX
Replied
Quote from @Tom Nagy:
Quote from @Stuart Udis:

Yes.  I have 3 joint venture deals that were presented to me as netting 170% profits in 2 years.  Apparently, not only did they sell at a loss, I didn't get any money back at all and they claim I owe them an additional $40,000 for "renovations" despite no work being done to the building at all.  I also have a hard money loan that has had a "freeze" on payments that were supposed to start a year ago.  They give no official closing documents, just internal documents that I'm guessing are fraudulent.


170% profit in two years is a HUGE red flag🤯

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