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My offer is simple and fair: I will be happy to transfer ownership of my acquired Kankakee, IL property to PIP (a $30K value according to PIP estimates)....AND I will transfer ownership of all my remaining, unredeemed tax liens to PIP. In exchange, PIP would eliminate any monies owed through my account for accrued taxes, fees and insurance payments made on my behalf, and business relations between us will cease. No more headaches, no more run- around and no more wasted time and money.
Write Charles,We are certainly moving in the right direction and, with that, I thank you for your response. 1) Yes! I certainly can easily and immediately accommodate your wishes regarding any postings on the BiggerPockets website (if that is allowable and possible through their site administrator). As for your request for written correspondence with Mr Hartman, all I can say is that our friendship over the last 10 years consists of communication that is, not only rare, but by phone..... so I wouldn't be able to assist you with your specific request. 2) However, it is also important to understand that I do not plan on losing money after 10 years of doing business with PIP. My offer was contingent on the assumption that my full investment with PIP (approximately $45K) had been returned to me with an 18%-36% annual gross ROI as per my direct negotiation with PIP's President, Mr. Don Fullman. 3) In the interest of time, I am also willing to accept a reduced ANNUAL NET gain of only 12% on my original investment– I am sure you would agree, that this is an exceptionally fair offer, indeed. 4) I do not wish to hold the remaining unredeemed tax liens in my account. PIP would need to take full ownership for I plan to close the account that houses those unredeemed liens. 5) Additionally, I will not accept any ROI payment of interest or shortage on my investment with PIP. Proceeds from PIP's efforts for the planned restoration and resale of my Illinois property will not be acceptable. A one-time payment to me for any shortage would be the only option.6) Finally, I would expect that PIP would sign an official release which reflects my wishes to be absolved from all business relations and free from any contracts, monies owed, entitlements and the like past, present and future. 7) Yes! Like you, I want this to be done. I plan no negative retraction. I just want my money back and a fair interest on my investment. As a measure of good faith to you and the PIP Group, I will gladly extend my official public post date of this claim to September 9th OR cancel all public postings all together in the hopes that you will agree and act immediately in accordance with my wishes. Wrap this up today, Charles. Represent your company well by making me a happy client. I have no interest in escalating this matter, nor do I have any interest in collaborating with others who are in a similar situation as myself to bring harm to your company. I simply want what I deserve and I am simply not willing to wait any longer than a few more days. Best,Mark Aguirre
Charles, I took the liberty of extending the posting date to September 10th. I hope you can appreciate that. Have a nice day.
Mark, I haven't had a chance to review your follow up, but I will over the weekend. Hopefully we can get this behind us.
Which weekend were you considering your review and resolution of this claim?
Mr. Sells,I must admit that I was surprised at your open and positive interest in resolving my issues and formal complaints with the PIP Group. In fact, your last words were that you had received my offer and was going to review it over the weekend so that we could come to a quick resolution and get this mess behind us. Well...it's been over 3 months now since that weekend. And yes, I did remind you 2 weeks later...but to no avail. This is yet another example of the lack of customer service and inattention that the PIP Group provides to it's most valuable customers. And, is one of several reasons that prompts my desire to cease business interactions with your company in the first place. Ironically, the PIP Group is able to allocate plenty of time and attention to promptly amn efficiently issue me, yet another, billing statement - a statement of fees incurred for "managing" my PIP account....another $340 to be exact. Perhaps you might take the time today to stop kidding yourself into thinking you are "managing" anything of mine. I haven't received a lien redemption in 2 years, you have over $10K of my unredeemed money....and my "PIP-acquired" property is completely worthless as it rots away next to the train tracks in Kankakee, IL with $5000 in back taxes and a city manager who is not even interested in it as a free donation. So tell me.... What exactly are you managing? 3months ago, I promised to remove any negative reviews if you resolved my issue quickly, but since then...I (and several other PIP customers) have posted more negative reviews. I think it's time. It's time to: DO THE RIGHT THING,MR SELLS. I will not only be glad to remove the negative, but I will be more than happy to replace them with positive notes about how you admitted a mistake, mis-invested my money...BUT how you eagerly and aggressively sought to resolve the mistake in good faith. So...what are we waiting for....MORE negative publicity? Follow through and make this right. It's good for business.Mark Aguirre
Hi Bobby,I don't know what other business affiliations PIP has in South Carolina. I hope noone else is getting suckered. And just recently, yet ANOTHER individual tracked me down and shared, what seems to be a broken record. Complaints about PIPs business practices are identical in each of the cases that I know of.
If PIP has paid taxes on the property, then the company must have some cancelled checks or credit card entries proving payment. I would be extremely disturbed if an investment company claimed to have made payments it hasn't provably made, as per the party that the payments were supposed to have been made TO- i.e. Kankakee, IL.
I'm having a hard time following this sequence of events as it sounds as if the OP, courtesy of PIP's investment services, has owned a basically derelict property in a high crime area for some four years without any rental income whatsoever. Is that correct? This sounds like a terrible investment and - from what I'm reading - just a disorganized mess stemming from a company that's looking at investments 'on paper' rather than in reality. I've never bought any property that couldn't be rented immediately after some basic fix-up, but then, I've always insisted on seeing it first and getting a feel for the neighborhood.
Perhaps the OP could post some pictures and real estate listings for the property and surrounding area to help make sense of this?
If I understand the situation correctly, the OP's proposal sounds more than fair.
Thanks for your input, Steven. You are correct. I own a derelect property in a high crime rate without any rental investment, nor have I been able to sell the property at auction for even 1/6th the value that PIP claimed it was worth. And, as I mentioned in my claim, 3 local real estate agents didn't have an interest in representing me for resale of the property AND the city of Kankakee didn't even want it as a free donation.And yes...you are correct again. Return phone calls or emails is only 1/2 the battle. PIP is a disorganized mess. In fact, I have personally spoken to 4 other individuals who work(ed) with PIP and they make the same claims. I am providing the address for the (paraphrasing) "....it's worth $30K as is, but with $22K in upgrades, it can be resold for more than $50k or rented for $850 a month" property. 943 N Wildwood Ave Kankakee, IL (next to the railroad tracks). I am not interested in seeing paperwork from PIP....I just want out with a fair return on my 10 year investment. They offered 18-36% per year, I am asking for 12% annually to quickly resolve this matter and move on.
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