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AIPIS 107 – Mark Aguirre, PIP West Property Tax Lien Rip-off

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At first glance, tax lien investment properties appear to be great deals. But buyers beware if you plan on investing through an investment firm. Some firms have targeted novice and experienced investors alike by offering false property values, inflating equity amounts and charging high, unexplained fees. Jason speaks with Mark Aguirre, whose total losses with PIP are upwards of $35,000. Mark’s mission is to inform others about his situation with the goal of warning others not to invest with volatile companies.

 

Key Takeaways:

[3:18] How PIP takes advantage of investors

[7:10] The financial repercussions

[11:54] Even PIP’s realtors are suspicious of the company’s honesty

[16:32] Don Fullman retired in September 2015

[18:13] Are they really paying the property taxes or is it a scam?

[21:08] Remember and adhere to Commandment #3 – Thou shalt maintain control

[22:24] Calculating losses and next steps

 

Mentions:

PIP - Platinum Investment Properties

Creating Wealth #417

Hartman Media

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