Originally posted by @Heidi Hatter:
I am very interested and currently following this thread. I am frustrated at moment, my fiancee joined KFN about a month ago now its feeling like a scam. Emails answered untimely, POF banks and realtors have had extremely difficult verifying. Have 2 deals on table approved stage one just dont want payout more $ for verification on stage 2 if this is BS
My fiancee and I enrolled in their program a few months back and and went all in with their $13,500 program in order to split profits 50% on every deal.
We were told they have researched the Chicago area and safely determined there's at least $20,000,000 of real estate that meets their criteria.
After looking at well over 150 properties myself (pre-foreclosure, probate, wholesalers, etc) and talking to dozens and dozens of investors who are very experienced in the Chicago market as well as a couple of brokers that specialize in investment properties and move 1,200+ REO properties per year, I've been told by every single one of them that deals with this criteria are almost non-existent in this market.
In speaking with one of KFN's own people I was told they only know of one deal that's been done in Chicago that meets their criteria.
This is smelling very, very much "scammy".
When asking one of their people about getting a refund because we've found no properties that meet their criteria and have gained no value whatsoever from their program, we were initially told that there's a 3 day right to rescind and after that all sales are final.
I've sent email to their CEO and have yet to receive a response.
I'd like to believe that companies still do business with integrity and do the right thing and give a refund when a customer is dissatisfied with their product/service. Hopefully I won't be disappointed with these guys.
Stay tuned
