All Forum Posts by: Michael J. Rifenburg

@Chuks....

 What the hell kind of a non-answer is that!  GTFOOH with that!  Good grief!

Like I change how I look at losing $20,000? Stupid *** answer!

Hey Rob:

I took a retirement trip to Costa Rica for 1 week back in 2010. I went on a group trip hosted by an America expat living in CR. His name is George. He runs a website called CostaRicaRetireOnSS.com. It was better than the international living group, because we actually got to see 5 or 6 different areas of the country and visited Americans that had retired to CR in their actual homes there in CR. We saw many different parts of the country & different price levels. I liked San Ramon the best because it was up in the hills and it was cool and had slight breezes! My point is that George’s bus tour was very social. We got to go on a nice bus (George’s with his driver) all around and stayed in different places and spoke with expats. It was really “in the trenches” so to speak. I hope you find this helpful. I would highly recommend George’s tour!

Unfortunately, I took this employer to the Labor Board, a state agency, and they ruled in favor of the employer because the employer lied and said that I was given an employee handbook when I started where it stated their practice of ripping off employees, eerrr, I mean of not paying deals when someone leaves the company. 

I just got screwed! To the tune of about $20,000!  The company owner, Larry H. Goins, is even an author on Amazon and has taught paid seminars across the country, too! He’s even fighting my unemployment now. This guy is a horrible example of a human being. Horrible! Cheater! I used to like & trust the guy. Now I know the real truth. He even fraudulently stated “need” to obtain a forgivable Paycheck Protection Program loan through the SBA! Scum! I reported him to the whistleblower line at the SBA.  Now I have no job, no cash, no hope, no faith in human beings anymore! Nothing! 

I worked as an acquisitions manager for a big real estate wholesaler. We did 10-20 deals every single month, like clockwork. Profits were $10k-$20k per deal. I was  responsible for at least half of those deals.

I had to work for minimal wage ($7.25/hr) for 4 months when I first started work so that I could feed my pipeline. While I waited for a nice filled pipeline to pay off I just continued my work. I later learned that, upon my leaving the company, I lose all deals still in the pipeline that are already in escrow, but are just waiting for escrow to close.

Is this a common practice? Is it fair in the eyes of other wholesalers? What are your thoughts?

Thanks for all feedback.