John J. Ross author of the following books / Digit 7 Perspectives, Rags to Destiny and Lease Purchase America along with his wife Sharon B. Ross are a couple together defrauding individuals. His books are published under the principle based name of Handshake Partners based out of Pittsburgh, Pa.
One of his practices is to meet with you, give you his books to read and for him to discuss how he will provide mentoring on how to become a real estate investor. Of course while you pay him a modest consulting fee and by becoming his partner.
He provides distressed properties at negotiated prices that are financed by using your credit at the appraised value. Keeping in mind that he says he will show you the art of negotiating these deals in the future. (Part of the consulting fee). Then he shares with you that the negotiated price or excess capital which is much less than the appraised value affords you to rehab the property without using your money. Then once the property is rehabbed it is either leased to own or rented to establish cash flow. Once the property is sold less expenses from the excess capital then the remaining monies are split 50/50. Sounds like a good plan until you ask for money which has been diverted to Digit7 Partners. John Ross tells you it is all gone because he has to be paid and he has expenses to meet. While you have received only partial retribution for the rehabbing expenses you have incurred.
Then his fraudulent reply is that he has assisted you in securing properties with no money down. While all along you have paid the expenses of rehabbing the properties and received only a minimal amount of the excess capital. Now with John Ross telling you that he has no more of the excess capital you have the ongoing expenses along with a property that even if it is rented it will not make the mortage payment. While he thanks his heavenly father (excerpt in his books) that he and his wife Sharon the proud parents of Audrey and Hannah have scammed another individual fraudulently. Jepordizing their clients good intentions and credit so his family can live a lie.
Keep in mind that John Ross when asked for money severed his verbal interest along with him no longer providing mentorship that has been paid very handsomely. So if anybody has been dealing with this crook watch out because there is not one honest bone in this mans body! He sold me a bill of goods and for that I will have to pay dearly. Keep in mind that his family is very mobile. This happened in Orlando and last he was in Atlanta.
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