Advantage Rent to Own, LLC is located out of Arizona and sells Licenses to become associates with their organization offering a Rent to Own program to people who can't qualify to purchase a home.in many states this type of program has been outlawed because it requires an upfront down payment which is Non-refundable and in many cases the RTO consumer pays the down payment and rents for many months only to lose all that they have paid into the program.
The owner of this company, Richard Friedberg solicits Licensee's through job postings that give the applicant an impression that they are applying for a job or position with the company only to find out that an investment is required and that investment varies from person to person depending on how much you have to invest with no standardized investment amount.
Also, he claims that his company is associated with a large, well established Realty Management company located in Arizona who has a forty year history of success (Farnsworth Realty and Management Company) however this isn't true and according to "Farnsworth" they have severed their ties.
I personally acquired a license to market this program in 22 States and I am based out of San Antonio TX. Only to recently discover that a person in Dallas-Ft. Worth also acquired the same licensing rights in some of the same markets for which I supposedly has an exclusive marketing arrangement.
I have since filed complaints with both the Attorney Generals in Arizona and Texas and also with the Texas State Securities Board and I encourage anybody that has been "Scammed" by this organization to also contact these agencies.
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