Complaint / Review
Property 23
P23 Consumer's Beware — Property 23's AWESOME CASH FLOW PROPERTY is not so Awesome

I am a 67 year old retiree with a very limited income.&nbspI was looking for an investment that would appreciate while, at the same time, yielding current income.&nbspI happened upon a website for Property 23 (http://www.property23.com/) after listening to internet radio one afternoon; the company has a program which I didnt realize was a paid advertisement.&nbspEverything they were saying made sense to me with real estate at an all time low, it is probably a good idea to invest.

I called the company and they assured me they had very low risk properties and that they had staff attorneys on hand whom had already done all of the leg work to ensure there were no issues with taxes and liens.&nbspSounds pretty good, huh?

Well, I made a $27k mistake by buying into this firms rhetoric after I dipped into my lifes savings, I quickly learned that the property I purchased was in a very bad neighborhood.&nbspIt was a full eight months before I was able to find someone to rent the property.&nbspThen it was another issue to collect rent payments which I never did receive.&nbspFinally I was able to evict the tenants but they really did destroy the property which was never in good shape to begin with.

In essence, property 23 sold me a money pit, not an investment property. This company is not here for the long haul.&nbspThey will take your money and run.