All Forum Posts by: Michelle C.

Check this article from 4 weeks ago. Werner Macedo, co-owner of D32 with Doni from this article say they don't have money to payback our deposits. Well, this article says otherwise. I signed a cancelation contract in February 2023 for the 5 properties I put deposits down, totaling $224,000 in April of 2022. The cancelation contract stated they would refund my deposits in 6 months or if another buyer bought the contract for the properties. Whichever came first. That contract was up in August 2023 without any refunds. On August 8, 2024 they will be in breech of contract for a year now. I canceled because of on going lies about progress on the houses. Initially they said they would make payments to me and crap like they have millions in assets, just no liquid assets. Now they continually ghost me. Absolutely no communication. Their lawyer talked a few time with my lawyer from my home state but he just used delay tactics and bunch of bs. They have forced me to find a lawyer in Florida in order to get a judgement against them. With the numerous investors on this forum they have done this to, it is probably just the tip of the iceberg. The best part is, Wagner and Werner are brothers!! Ponzi scheme for sure. Then I find articles like this. Shamless.

https://www.liverpoolecho.co.uk/sport/football/football-news...

WOW.. 40k plus deposits on a home to be built.. ??? who does that.. And for rental houses. this is not common and absolutely crazy to do a deposit over maybe 5k or 10k.. I mean I build 700k plus homes in Oregon and get 10k deposits that go into ESCROW and if I don't deliver the Title/Escrow company would send them back.. This is insane that these guys got that large of deposits on a pre sale rental house construction sent directly to them. Geesh.

The Broker also who wrote those contracts and advised their clients to make these deposits most certainly has some liability here. And I suspect their E and O will kick in if this money is lost just sayin.. Of course the broker had to be representing you as the buyer and clearly denoted on the contract.. If the Broker was only representing the Seller then well you went un represented.. This FLA build new rentals got WAAAY over sold and huge FOMO that got buyers to lose their wits about how to protect their money..

This is has BK written all over it with monetary wipe outs..

I agree that the full 25% deposits were high for new build rather than EMD. But the deposits did go to an escrow company, not directly to the seller. Unless anyone else had a different experience?

0 Votes

Orlando, Florida

I am a Bennah Oaks investor also and have been waiting for my deposit to be refunded. Please add me as well to any investigation process. I appreciate it!

0 Votes

Orlando, Florida

Another delay. Any thoughts? Any one backing out on Bennah Oaks?

0 Votes

Orlando, Florida

Wendy,
Is this for the Bennah Oaks project in Ocala? I am in the exact same boat. My rate lock is expiring this month and I am getting increasingly uneasy about the project, though I am still going to wait it out.

1 Vote

Orlando, Florida

Quote from @Martin Dal Farra:

Hi!
As you might already know Bennah project is experiencing huge delays.
Any comments on this? Closing date is undefined. Credit crunch is on the way and Im trying to figure out possible outcomes for this project. Would like to know your comments and share our plans moving forward.
Greetings.
Martin

I am going to wait it out and hopefully it is completed by the end of this year. Not ideal having my down payment held for two years without any production but at this point I don’t want to back out.

0 Votes

Quote from @Martin Dal Farra:

hi Carol , Im about to invest with them too.
Ive been following their career but dont have a lot of background info. Still, I like what they offer and think they are making a good job and know the market.
Let me know your insights!,
Thanks
Martin

Hi Martin,

Did you end up investing with them? I pulled the trigger on one of their Bennah Oaks properties in December. I'll probably update when it closes but I am curious of others' experiences in the meantime.

0 Votes

Quote from @Andrey Y.:

Bad experience. Wagner Nolasco is a shill and disingenuous. Full of fat promises, does not deliver on any of them. They promised me a 1031, they have never failed one out of 1000 houses, blah blah - I have this in writing. They couldn't deliver one out of the two properties for my 1031 exchange. Wagner is a sleazy salesman with no integrity. I was going to make a detailed post on it, but honestly too busy with live and doing passive deals to be bothered. Stay away from anything Wagner Nolasco is involved with.

Did you get one house from the other exchange? How has that property performed?

0 Votes

All Forum Posts by: Michelle C.

Michelle C. has started 0 posts and replied 7 times.

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: Highlands Mortage - extended rate lock - crooks or standard procedure?

Post: Did you purchase a Wagner Nolasco turn key B2R Direct property?

Post: Did you purchase a Wagner Nolasco turn key B2R Direct property?

Post: Proceed with caution!