Pacific holdings Reports & Reviews (1)
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SCAMPULSE
If you know any contact information for Pacific holdings, help other victims by adding it!
Type of a scam Investment
From pacific holdings website
“Everything you need to know about the CLA (Comprehensive Leaseback Agreement) Model:
The Comprehensive Leaseback Agreement model turns any property into a cash cow by turning it to a Triple Net asset.
This means that all the property related expenses that are usually paid by the owner are to be paid by Pacific Holdings, the Sub Landlord, who in turns will be responsible for finding new tenants servicing them, collecting the rents and bearing most of risks the investor would otherwise bear.
With the CLA program, you, the investor shall receive a fixed rental payment for a pre-determined timeframe with the option of automatic renewal. Pacific Holdings takes care of all property related expenses such as:
Vacancies
Repairs
Yard and Pool Maintenance
Collections of rents
Eviction of tenants
Property related Legal costs
Making the property ready for a new tenant
Utilities
HOA fees
Property Taxes (Pacific Holdings will pay your property taxes!)
Insurance (Pacific Holdings will pay the cost of the insurance)
?THE END RESULT: REAL ESTATE INVESTMENTS MADE EASY!
This means that all the property related expenses that are usually paid by the owner are to be paid by Pacific Holdings, the Sub Landlord, who in turns will be responsible for finding new tenants servicing them, collecting the rents and bearing most of risks the investor would otherwise bear.
?With the CLA program, you, the investor shall receive a fixed rental payment for a pre-determined timeframe with the option of automatic renewal. Pacific Holdings takes care of all property related expenses such as:
Vacancies
Repairs
Yard and Pool Maintenance
Collections of rents
Eviction of tenants
Property related Legal costs
Making the property ready for a new tenant
Utilities
HOA fees
Property Taxes (Pacific Holdings will pay your property taxes!)
Insurance (Pacific Holdings will pay the cost of the insurance)
THE END RESULT: REAL ESTATE INVESTMENTS MADE EASY!
SEARCH PROPERTIES.”
So what does it mean to me as an investor . I’m getting my money no matter what. I am getting monthly checks in advance.
Even if the property is vacant or repairs have been done to it, I am still getting the same percentage promised in the CLA . It doesn’t matter if the property itself didn’t make that profit.
So how does the company pays the investor for those properties that don’t yield that profit. Basically from the initial overpriced property and with the money of the next investor/buyer. So basically, money moves from packet to packet without any financial transaction. Which means pyramid Ponzi scam.
The contract between pacific holdings and the investor limits the investor to file legal actions only in the state of California . Which in most cases will not be worth to the investor to sue the company
Mean money go from pocket a to pocket b Without legal financial transaction
In order to pay The old investor new one have to come
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