All Forum Posts by: Thomas Fish

90 Michigan SFR's, can be cherrypicked, $3500 a door.

(I also have a 10 house package that is generating $4000 per month...for sale at $65,000 OBO.) Contact me if interested.

Thanks.

Tom

Hi. I have access to a CA SFR Tape that, because of special circumstances, can be sold in amounts ranging from $1M - $140M. Available for immediate takedown.

Please write.

Thank you.

Tom

Thanks. Well, I know that I worked Doug Fath's student housing program with great intensity because it sounded legit. If you listen to him, he really DOES sound legit. But the bottom line, he was just trying to raise money to go off and buy real estate for himself (check out his facebook: he has an apartment closing this week). It's obvious to me that he had NO intention of funding ANYTHING!

So yeah, I got royally burned! And I'm letting people know so it doesn't happen to them too.

Incidently, Doug Fath does business under various names: faithful investments, wealthy passion, and investing in cash flow,

I tried to summon other students of his from Connected Investors, which is the source he sold in his program as "putting you in touch with other investors,." which is the equivalent of me saying, "If you join my program, I will put you in touch with 20,000 women." And then you join and I give you a link to Match Dot Com. You know what I'm saying? But Connected Investors won't publish my request because they are somehow in cahoots with him. I mean, at CI, they have to approve any postings. You'd think a simple posting that says, "Doug Fath Students, Please Contact me." would go through and get posted, but uh uh. They must've gotten word that I was exposing his scam all over the internet.

Well, I did report him to the Pennsylvania Attorney General, which is where he is from. But I like the idea of the HUD Inspector General and the State Dept. of Finance too. I will find those sources and send info as well. And actually, I think the FBI has an Internet Scam Department too. Thanks!

California SFR's, AZ, NV, and Nationwide. Residential and Commericial. REO's and NPN.s $2M - $1B+

I have expanded my direct sources to 6. Each has it's own protocol, but we can centralize the paperwork and pull from all 6.

I would ultimately need to work directly with the buyer or the buyer's reps; but IM's are fine, just take me to your leader asap without a lot of posturing. That shell game is maddening! Let's just get right down to the brass-tacks of the deal and make it close.

Please write or call.

Thank you!

Tom

The Final Word on the Doug Fath scam is this: go to Rip Off Report and type in his name. There you will find my complaint, his VERY lame rebuttal, which really says it all!!!, and my response. What he's basically trying to do now, to cover up his "guaranteed funding" hoax, is say that my 35 properties didn't qualify. Not ONE of my 35 properties qualified! Please! The truth is, every single one of them qualified, but he didn't have anything set up to fund them. He was just using that "guaranteed funding" scheme to get people to sign up. Once they did sign up, the program was pretty much on auto pilot while we was out going to OTHER guru's seminars. Big Scam! Check out Rip Off Report.

Thanks "financexaminer," You're right, the biggest value of the Doug Fath program should have been the "guaranteed funding." But it turned out to have zero value. Other parts of his program were good. Another gross shortcoming, though, was how in his advertising campaign he promised to hook his students up with thousands of investors ready to fund blah blah blah. But THAT actually ended up being him directing his students to "connected investors," a site similar to bigger pockets, only at CI, people have to pay.

I actually got everything I needed information wise in the first few modules of his program. The rest of it was stuff anybody involved in real estate investing already knows.

But the true testimony of the program is this: 35 properties submitted, 0 funded.

Hi Josh. Yes, please keep us posted. And that email you received about "turn-key properties" I think may have been about some of MY properties. How is THIS for "guaranteed funding": After everything else falling through, Doug had me price the properties with an "assignment fee" that both he and I would split, and then he sent the list out to other students (probably the one you received). I got emails froma couple students who said they were ready to turn the properties in for the guaranteed funding. And I was like, "Wait a sec... he can't even fund them for ME, how is he going to fund them for YOU to BUY them from me?" THAT is how bizarre his "guaranteed funding" really was. / And the lack of email correspondence? That is because he was out in CA attending other seminars on investing in commercial real estate, and busy putting together other programs and cross-selling programs of other "gurus." Doing more things to make more money while his students who he promised "guaranteed funding" to were losing their own money. I lost several thousand dollars on his b.s. and, frankly, I'm not sitting still for it.

Well, my jury is finally in on the Doug Fath "guaranteed funding" fiasco. His actual program is good. But his "guaranteed funding" is an absolute sham! Of the 35 properties I submitted 0 were funded. ZERO!!!!!!! He made a lot of promises, but then started getting actually kinda bizarre: he started sending other students in the program to me, hoping that they could possibly find funding. But the other students, they were crunching the numbers on my properties and then THEY were submitting them for the guaranteed funding. Just an absolute sham. So, I ended up reporting his program to the Attorney General of Pennsylvania and am working with my own attorney now to either file suit individually or as a class action. Will keep everybody posted.

Here are some bulk REO inventories:

350 SFR's, Nationwide, $49m (mixed bag including luxury homes)

50 rented SFR's, North Carolina, $1.8m

40 SFR's, 90% rented, $3.2m

13 SFR's in Tuscon, Rented, $2.7m

578 REO's (SFRs, MF, Commercial, etc. etc.) $870m

If interested....if you have buyers or ARE the buyer, please contact me.

Thank you.