Myself and another co-investor bought 2 homes from WAG in 2006 as "investment properties" with promises of marketing, advertising and eventual sales of these properties.
Upon purchasing there was no attempt by WAG and it's employees to rent these properties or help with the placing of advertisements to help. We, as the the investors were left out to dry. After our "cash back" from buying them was gone, they offered to help pay our mortgages for a few months, which they did. We asked and asked about selling these and they never helped as promised in the initial meetings with them. After a few months, they stopped paying and we were left to cover our costs, develop our own advertising and find our own tenants. That is not a problem if that was the program we bought into.
Eventually we were tapped out and had to foreclose. During this process, we found other investors who also had been burned by WAG in Texas, Georgia and NC on "investment properties".in texas alone, the street that we bought our two houses on (all WAG properties), there were 8 foreclosures and even more short sells.
To date we have 32 people and are exploring all legal options against WAG.
They are still out there selling properties and investments, getting themselves rich, while their investors are left out to dry.
I would suggest avoiding this company if you are looking to invest.
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