Revdex.com:I have reviewed the response made by the business in reference to complaint ID [redacted] and have determined that the response would not resolve my complaint. For your reference, details of the offer I reviewed appear below.
Hi I have emailed and included my response above, rejecting Alpines comments.I hope to move forward to resolve my issue in your arbitration program.
Please note [redacted] has the detailed 20 plus page complaint with detailed facts and Alpine documents, if you cannot find it I can send it again. Regards,[redacted]
Mr. [redacted]) is a licensed professional, and Mrs. [redacted]) is a Licensed Real Estate Professional (License Number [redacted]) in the state of Arizona.
The [redacted]’s made three rounds of investments with Alpine Capital Solutions (two home acquisitions...
and one partnership on a “flip”).
Regarding both Purchase Agreements for the two homes the [redacted]’s acquired;
-The buyer (the [redacted]’s) waived the Right to a Survey for both properties.
-The Right to Independent Inspections was checked within 7 Days after Closing for both properties. However, the buyer (the [redacted]’s) did not initiate or conduct any home inspections during that time frame
-The buyer (the [redacted]’s) waived the Limited Home Warranty Program for both properties.
-The buyer (the [redacted]’s) did not conduct appraisals on either home before closing even though that option was available.
Mr. and Mrs. [redacted] purchased the homes in two different LLCs, Sweet Life 1, LLC and Sweet Life 2, LLC. I have attached PDF copies of the 1099’s of each for both 2014 and 2015 showing the collected rent disbursed to Mr. and Mrs. [redacted]. Please see the attached “Sweet Life 1 LLC - 2014”, “Sweet Life 1 LLC - 2015”, “Sweet Life 2 LLC - 2014”, and “Sweet Life 2 LLC - 2015” for records of those collected rent disbursements. These dollar amounts illustrate both houses as the performing assets that they are. Also, the [redacted]’s are realizing appreciation on both houses, which is a “real” benefit of real estate investing but not reflected on a 1099 statement.
With Mrs. [redacted]’s background as a Licensed Real Estate Agent, they had a deep and professional understanding of real estate investing including a working knowledge of both the risks and rewards.
As mentioned above, in addition to the two home acquisitions, the [redacted]’s also invested in “flip”. The [redacted]’s invested $19,835.00 in November 2014. In February 2015, the “flip” property closed, and Alpine sent the [redacted]’s their principle plus profit for their investment. The [redacted]’s profited $5,634.52 (28.41% ROI in just over 3 months) on the flip investment with Alpine.
Sincerely,
Alpine Property Management
Extremely poor renovations
The house I recently purchased through Alpine was valued (by another realtor) almost half of what Alpine said it was worth.
Revdex.com:I have reviewed the response made by the business in reference to complaint ID [redacted] and have determined that the response would not resolve my complaint. For your reference, details of the offer I reviewed appear below.
Hi I have emailed and included my response above, rejecting Alpines comments.I hope to move forward to resolve my issue in your arbitration program.
Please note [redacted] has the detailed 20 plus page complaint with detailed facts and Alpine documents, if you cannot find it I can send it again. Regards,[redacted]
Mr. [redacted]) is a licensed professional, and Mrs. [redacted]) is a Licensed Real Estate Professional (License Number [redacted]) in the state of Arizona.
The [redacted]’s made three rounds of investments with Alpine Capital Solutions (two home acquisitions...
and one partnership on a “flip”).
Regarding both Purchase Agreements for the two homes the [redacted]’s acquired;
-The buyer (the [redacted]’s) waived the Right to a Survey for both properties.
-The Right to Independent Inspections was checked within 7 Days after Closing for both properties. However, the buyer (the [redacted]’s) did not initiate or conduct any home inspections during that time frame
-The buyer (the [redacted]’s) waived the Limited Home Warranty Program for both properties.
-The buyer (the [redacted]’s) did not conduct appraisals on either home before closing even though that option was available.
Mr. and Mrs. [redacted] purchased the homes in two different LLCs, Sweet Life 1, LLC and Sweet Life 2, LLC. I have attached PDF copies of the 1099’s of each for both 2014 and 2015 showing the collected rent disbursed to Mr. and Mrs. [redacted]. Please see the attached “Sweet Life 1 LLC - 2014”, “Sweet Life 1 LLC - 2015”, “Sweet Life 2 LLC - 2014”, and “Sweet Life 2 LLC - 2015” for records of those collected rent disbursements. These dollar amounts illustrate both houses as the performing assets that they are. Also, the [redacted]’s are realizing appreciation on both houses, which is a “real” benefit of real estate investing but not reflected on a 1099 statement.
With Mrs. [redacted]’s background as a Licensed Real Estate Agent, they had a deep and professional understanding of real estate investing including a working knowledge of both the risks and rewards.
As mentioned above, in addition to the two home acquisitions, the [redacted]’s also invested in “flip”. The [redacted]’s invested $19,835.00 in November 2014. In February 2015, the “flip” property closed, and Alpine sent the [redacted]’s their principle plus profit for their investment. The [redacted]’s profited $5,634.52 (28.41% ROI in just over 3 months) on the flip investment with Alpine.
Sincerely,
Alpine Property Management