Marshall Reddick Real Estate

Lost A TON Of Money

This review is LONG overdue, about 12 years, to be exact since we’ve lost a TON of money because of Marshall Reddick Real Estate.

And, some of the other reviews seem suspect at best, with ‘two’ reviews by others, glowing about Marshall Reddick.

My (now) wife and I went to one of his “investment” seminars; “cash out, re-fi, take the equity and use that for three down payments on more properties” get rich quick scam/seminar.

Sound familiar? I’m the skeptic, I was sitting there going this is reckless, this is a scam working within the kickback “Marshall Reddick Network.”

She wouldn’t listen, was gung-ho about buying more property. We already own three houses (ALL positive cashflow) but she wanted to expand.

After this “seminar,” she took them up on the offer to come out to Vegas to see properties there with “their” realtor on a tour with other suckers.

Everything was “Hurry, hurry, hurry… properties are moving quick, don’t think, just buy or you’ll miss out!!”

That was the sell at the seminar, that was the sell meeting up with this group.

I laughed out loud at the production of it at the Las Vegas affiliated office when we walk in and the head realtor was ‘busy on the phone’ while we stood around and waited, she was on a ‘frantic phone call’ motioning for us to wait, be right with us. She was supposedly talking to someone, closing deals, working, working, working!! It was such a ‘show’.

She hangs up, “Whew, client just bought three properties sight-unseen… such a hot market!”

Oh, we’d better just give you our money then! Ughhh.

Anyway, so we go on this tour of North Vegas, which at the time, we didn’t know was a hell hole and was getting worse.

This group of houses was easily the best we’d seen all day though and their sell was, “It’s close to Nellis, positive cashflow, huge demand for military housing.” My wife didn’t know the market, trusted the “Marshall Reddick Network”.

She believed them and actually bought one for around $119K. It’s been a nightmare money pit ever since.

The neighborhood turned into a nightmare, trashed months after.

Every tenant was horrendous; smashing walls, destroying the place, stealing the air conditioner, breaking the slide glass doors. Money. Pit.

Gee, not a single nice military family in an “up and coming neighborhood,” as we were promised by the “Marshall Reddick Network.”

After we bought it, they left us out to dry. All of that teamwork within the “Marshall Reddick Network” was gone… thanks for buying, buh-bye suckers.

There was NO DEMAND for rentals there – NONE. We had to scramble, to lower the rent so much that it was a horrible negative cashflow… and, on top of the rent being so low, in a robust market, this property was losing money daily… then the crash, and now it’s about even now but the renters are horrible still because we can’t find anyone decent who wants to live in that area.

The Marshall Reddick pitch is to sit on a property while it increases in value and simply rent it out and break even or have positive cashflow but knowing that in a couple years, you can cash out equity, refi, then buy more properties.

Nope. This was the complete opposite; losing property value, rent way less than the mortage, awful tenants causing damage.

Long story short… as I told my wife, you can’t trust strangers. The whole production was a lie, the whole investment non-sense with them is bogus.

We have normal properties that are making money hand over fist in Hawaii and California… ones we found on our own and used our own “network” with reputable people… vs. some ‘get rich quick’ network of people giving each other kickbacks if they can assembly-line you down from the seminar, to the tours, to the selling, to the property management.

There is a lot of money to be made in real estate… but go anywhere else than with this scam.

For instance, our current house… bought eight years ago, now literally worth $180K more than when we bought it. We did that ‘without’ the Marshall Reddick Network :/

(I mean, even look at these fake reviews on here… that should sum it up — used car salesmen; all with the same language, all in ‘realtor speak’.)

Is Marshall Reddick Real Estate a scam?
Marshall Reddick Real Estate is a scam and a bad service provider as per the report filed on dirtyscam.com. They are not aggressive towards their customer satisfaction and complaint grievance.
Is Marshall Reddick Real Estate legit?
First Marshall Reddick Real Estate is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by Marshall Reddick Real Estate’s consumers?
There is/are 14 review(s) posted about Marshall Reddick Real Estate and it indicates that the severity of the scam is Medium.
Where is Marshall Reddick Real Estate located?
Marshall Reddick Real Estate is located at 4299 MacArthur Blvd #105, Newport Beach, CA 92660, USA. You can contact Marshall Reddick Real Estate by dialing (949) 885-8180 or visit their website N/A before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by Marshall Reddick Real Estate’s customers?
According to the report(s), US $3221 was the total loss incurred by Marshall Reddick Real Estate’s customers.

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14 Reviews on Marshall Reddick Real Estate

  1. Prescott Valley, Arizona

    I bought a beautiful home years back and did not experience anything like you did. My experience was great from beginning to the time I sold my property, only wish I would have kept that home.

  2. Take some PERSONAL ACCOUNTABILITY as an investor! 🙁

    You did NOT demonstrate even ONE single thing that the Marshall Reddick group did wrong. Sounds like you’re just not willing to accept personal responsibility and take accountability for your own actions. You and your wife are adults. NOBODY forced you to buy this particular property and any adult knows that they must ALWAYS do their own DUE DELIGENCE before making ANY investment. Did Marshall Reddick TELL the tenants to be poor tenants or to smash the walls.

    The word “SCAM” is the most commonly used and misused word by people who FAIL at something.

  3. I will definitely come back again.

    And lots of information! Very friendly staff too. I like the environment. I will definitely come back again.

  4. Not sure if it is too good to be true.

    My friend just told me about this today. I came home and immediately checked out their website. Their website seems pretty good. The deals they have is better than other deals I have seen.

    Not sure if it is too good to be true. But I will go visit their office to check it out. As far as the numbers shown on their website, if they are true, then that will be exactly what I am looking for.

Reviews:14
Reported Loss :3221 $
Severity of Scam :Medium
Reported by : Anonymous
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