When these crooks say "generational wealth ", flee

Moral to the story, don’t believe everything you hear! DO YOUR RESEARCH!!

If someone is telling you about how they’re gonna help you get rich, the probability that you’re about to get scammed is through the roof.

Not understanding the business you're gonna invest in is always dangerous

"Generational Wealth"; "Legacy" = Run Away!!

Real Estate Lawyer BEFORE you sign!

If they had the money to flip the houses, why would they deal with him in the first place? They could've did it without him.🤷🏾‍♂️

SHAME ON HIM! He WILL REAP WHAT HE SOWED 🥹🥹🥹

Our own people can be our worst enemy 😐. Truly sickening!

When you hear Passive income, generational wealth, financial freedom 🏃🏽‍♂️💨

No City of Chicago permits for Electrical, Plumbing? RUN!

Investors Had Money For Everything Except Lawyers To Review The Documents, Ouch!

I am representing buyers in GA who were harmed in a similar scheme. I wish they'd hired me to read the contracts and research the "guru" before they signed and paid.

SKINFOLK DONT MAKE KINFOLK!!!

No body is giving away wealth, greed will not allow it

Such idiotic comments. What happened here is that the investor worked with the lender, contractors and attorneys to commit fraud.

That is "PREDATORY" and Criminal . I am so sorry for these good people. They were tricked.

Never trust just because the person is the same race or just because they are family.

Read your contracts or have your lawyer read them for you. Do research and read About the business you want to get into. Find a Trustworthy mentor that is already doing what you want to do.

No one victimizes a community than those from within

There’s a sucker born every minute

Everyone is an expert!!🤦🏾‍♀️

Im white, I absolutely would not choose an investment based on color period. And If someone approaches me with that as a selling point, I will walk away immediately. So foolish.

Don’t ever sign anything you can’t read and understand. Step onw

Always always always have your own lawyer!!

Let's play a game. Did you catch the smoke detector?

It’s sad and very horrible that a black couple ripped off black investors that was they were just trying to come up in life.

I would never sign a document with someone else name on i

That chirping fire alarm is hilarious and an accurate stereotype

He treated he’s own ppl thats sad

1:27 😂 see with social media, propaganda is 10x stronger. Scammer is done tho

This is why can’t trust my own people, sick o it.

If something sounds too good to be true, it usually isn't!

Your own people 🫵🏿

Get rich quick? Where do i sign up?!!

The loyalty of small men can be bought cheap. Greed has no pride.

It's always your own people who take advantage

Do a story on Jay morrison

Change those batteries on your smoke detector

Dj Envy Chicago

Y’all wasn’t paying attention to DJ Envy tricking people the same way? These people aren’t trying to help, they’re trying to step on your shoulders.

😂😂😂,when you dont listen to who you're suppose to, you get GOT!!!.

Shameful

Heartbreaking 💔

Dave Ramsey always says to NEVER buy anything unless it's paid for in full. Laugh all you want but at the end of it all you will find out that he was right!

Ok... they were wrong, but where's the buyers accountability to do their due diligence

Why set someone up for bankruptcy and be this malicious towards people?! Idk how scammers sleep with themselves

They should ask the mayor for help lol

So sad 😞 to do this to hard working women/men,

Shameful!!!

Hard to believe these intelligent people fell for this...

These people got into a business and had no idea what was going on. Now they are crying.

As soon as I saw the couples speaking I immediately knew they were crooks.

Housing market is trash 🗑️ now so why even invest in other scammers 🎉

Any scam is bad but when you play upon your own community it's just a little more disgusting.

I cannot stand scammers. Go get them , and lock them up🇺🇸

The owners of iFLIP should be charged & jailed.

Any quick rich games is a scam people!!!

This is foul! 🤬

This is infuriating

This is why i cant trust people

They should go to jail

You know its a scam if the terms "generational wealth" and "leave a legacy" are used.

Song too good to be true.So many Scam artists

Listen as someone who gives and sell real estate information. When ever these people start talking about general wealth and saving the black community. Then its time to RUN..

You have to read and research for yourself. When it is too good to be true - it’s too good to be true!

who even invest with a real estate company like iflip chicago anyway, sounds bogus as hell😂

I dont wanna hear that "tap in and lock in" BS

I thought a real estate lawyer was the law…. Maybe just where I live.

i am always honestly more interested in how people get all this bread to take risks with lol

Greed trumped logic in this case

Hire a real estate attorney to view all paperwork.

Come on people change the smoke detector batteries 😒

Shotty and shady contractors and the flipping company, or dishonest partner(s) real estate agents, and appraisers will drain you and leave you in a mess!!!!!

How ? Can this happen? Government 😮DUH!

Spend $250 and ask a real estate attorney to look over any loan documents. Why would anyone enter into an agreement where they'd be responsible for someone else's loan repayment? They wouldn't if they understood what cross default and cross collateralized meant. Basically you're tying up YOUR property until every dollar is repaid on every property connected to a collateralized group loan. That's crazy on top of allegations of predatory loans. A predatory loan doesn't mean just high interest but step ups built in loan repayments if not satisfied by certain dates. You can get a loan for 3.5% but if not paid by certain date it would go to 12.9% causing monthly payment almost triple.

It's even worse that this crime was against his own people! We don't have wealth like others, so these people worked harder than anything to scrape up the money and try to do something not common in our community. But always always get a lawyer to review before you sign. My father used to tell me...baby girl, if he sounds like a pimp, don't stick around to find out why he loves you.

USUAL SUSPECTS!

I either didn't understand the cross-collateralized clause or the full implications. When i missed payments on one vacant rental, the bank called the loans on 4-5 other properties. All separate loans, but with the same lender. This impacted my ability to refinance on a couple of projects with a different bank. Ended up losing about 8 rentals. Years ago. And I read my closing docs. Ya live, ya learn, i suppose.

For everyone hollering hire an attorny they did. So are attorney's perfect i think not which is why they have a board that overseees them and professional insurance for errors and ommission. You can go see a doctor and still be mishandled its called malpractice. Thats why this is outrageous. There was an attorney involved and paid on each closing statement

Houses are basic human needs, not investment tools. The whole reason nobody can afford rent now is because greedy people want to get rich quick. No sympathy for people who try to exploit others for a basic human need.

Must’ve been trained by Jay Morrison. Lock these folks up!

If it’s too good to be true….. it probably ain’t true….. especially with “US”

There is the problem. Chicago

Sometimes it's your own people. All skin folk ain't kin folk.

3:23 IYKYK

If it’s easy it ain’t legal!!! Crooks crooks crooks

That’s so sad I hope he go to jail

Those nickels thought they could get something for nothing. 😂😂😂❤❤❤

Proverbs 10:22 says The blessings of the Lord it maketh rich, and addeth no sorrow to it.

Read your documents people!!

I've never trusted that home flipping stuff from the start.. Something about that always seemed scammy and shady and fraudulent.... Guess i know why know

Greed was the motivation for them getting scammed. If something sounds to good to be true, that's your cue to step back and walk away. All these people saw were dollar signs. Get rich schemes never work. If someone is telling you they have a secret to getting rich overnight, you have to ask yourself, if it's a secret why are you sharing it with everyone.

Sucks to be them....

Well to be honest...... All these people should have looked those contract's over with there lawyer's. Be4 deciding on anything... Period

You want to have some knowledge about any business investment…

When will people learn... if it was THAT easy to make money... they wouldn't tell YOU about it. They'd just do it themselves. Like all those radio ads that claim the person has a lock of the week for sports gambling. If it is a SURE THING... why would they tell you about it?

This is a dangerous game to play! 🔫

Some Folks just don't learn

Stop with blaming victims. They did hire an attorney and paid him. He was in on it because he made more money with the group to turn the other cheek. Anybody can be a victim of this when your attorney is in on it. If you are in the comments laughing that Karma might be headed your way since you think your perfect. The we will see how scam proof you are.