Hello, I recently purchased Mike Collins' Home Study Course, "Wholesaling Houses for a Living." I was then contacted by one of their sales people, Derrick Sessoms. He convinced me to "Invest" in their REI-Gold mentoring program, which offered private phone and email consultations with a live real estate investor. I had 1 phone conversation with my "personally assigned mentor", Doug Powell.in our conversation, Mr. Powell told me that we would not be speaking by phone any more, but by email. Even though, that's not what I was promised. The first page of the REI-Gold website says...
"Welcome to one of the world's most exclusive training programs specific to Wholesaling Real Estate. The resources contained in this website are designed to provide you with the industry's most cutting-edge training, techniques and marketing tools utilized by the Nation's top wholesalers.
Combined with live phone support via the REI Gold HotLine and regular calls with your dedicated mentor, you are now armed with the knowledge and support to take your wholesaling business to the next level and stay far ahead of your competition to the best deals.
We poured our hearts into this program along with the full resources of RehabList.com, YouSell.com, RehabHardMoney.com, FlippingMentor.com and PitchFreeSeminar.com. None of this will make any difference to you if you don't TAKE ACTION and IMPLEMENT!
We look forward to working with you and to your continued success in real estate!
Be well,
Mike Collins "
Pretty lofty promises when all I got was a 5-year old self-study program that Mr. Collins frequently sells for $97 on the Internet. I have nothing against Mr. Collins but at this point, I am so frustrated, I just want my money back.
They have added a few extras to the website, but the course is all web-based. At least with the home-study course, you can listen to it in the car.
Since my mentor told me not to call him, I sent him several emails asking about contracts, marketing, etc., which he ignored. The only emails he responded to were the ones that only required a quick answer. When I sent him an email asking him why he wasn't responding to my emails, he ignored those too. I have also corresponded with my sales rep, Derrick Sessoms, who said he has done all he can do and his boss, Scott Labell, who has done nothing.
I have been promised by Mr. Sessoms and another sales rep from rehablist that they would look into it. I guess they are still looking into it as I have yet to hear anything back. This is a pre-paid monthly membership and I paid for 3 months @ $200 a month. Normally, they demand 6 months in advance but they were doing me a "favor." They also have a no-refund policy and now I can see why. Should have been a red-flag!
I don't know if Mike Collins knows how his company is being run, but I hope he finds out.
I just want to help others avoid this scam as well!
Sincerely
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