[jettester]

Ever hear of a Marshall Reddick guy? Does a lot of seminars on "how to invest" out of state - kind of sounds like a network marketing scheme...

The reason I'm asking is that there seems to be some pastors in my area that are thinking this guy is good to follow - Googling shows that there is much to caution about. Anyone else care to chime in?

[JRGeary]

Marshall Reddick has some good ideas, but you need to be very careful. I bought 5 homes through Marshall Reddick and Jeff Cassell. Of the 5 homes, 2 are vacant and 3 are leased. Of the leased homes, only 1 has paid rent for August 2005. For the one that paid rent the beginning of August, I have not yet received a check for the property manager, Jeff Cassell. For this and other reasons, I am concerned that Cassell is lapping, running a Ponzi scheme or not reporting rental income. In summary, I collected no rent on any of the 5 homes for August 2005.

Also, be careful of bait and switch. I purchased the homes through Jeff Cassell and Marshall Reddick and entered into property management agreements with Jeff Cassell. The terms of the property management agreement were good (as promised by Jeff and Marshall). Now Cassell wants to cancel the 3 years contracts after a year. (This may be a good thing if Cassell is a crook).

I contacted Marshall Reddick's office numerous times. Marshall Reddick's office was of zero help. Reddick and Cassell lured me in with low cost of property management, collected their sales commissions, and are now reneging on the property management contract. I hope that there is nothing illegal going on, but it is very had to get information from Reddick or Cassell.

Be careful