About REI Club
REI Club is centered around an online site, reiclub.com. The website is run by an organization that is based in Texas. There are products to purchase related to real estate investing, as well as massive amounts of information, such as local property laws, real estate course listings, links to investing clubs and even a comprehensive discussion board. Here is more information regarding a potential REI Club scam.
How Does It Work?
When you first go to the website, you are bombarded with various types of information, such as forums, real estate course products, lender recommendations and much more. This format of presenting itself as a network of resources may lead to costly business dealings. If you’re trying to learn about this business, this website makes it a little challenging, since the layout of everything is extremely poor. Finding out how to get started in real estate is difficult with this site due to the mass of information littering its web page. If you can’t find the answers to your questions, then one possible option is to post a question on one of the discussion forums that are dedicated to the real estate business. In order to do that, you need to register an account on their site.
While there are some free resources, many things are for sale. Most products link to other websites that teach the investing process. Looking at some of these selections reveals high price tags and thin claims of success. There are also hard money lenders featured. While it seems that many of these products and lenders are not part of REI Club, they probably pay a premium to be listed on the site.
According to the website, REI Club offers a money-back guarantee for the course and book products that are offered. The site claims that if you are not completely satisfied, you can return the course materials or book within 30 days to get a refund. Shipping charges are not included in refunds, so that must be covered by the customer.
Customer Service Contact Info
Customer service questions or concerns should be dealt with by calling REI Club’s number at (888) 683-3052. You may also find it easier to contact them via Facebook or twitter, where they have an online presence. There is also an online contact form that you can fill out for questions.
REI Club’s reputation is not terrible, but if you choose to pay for some of their resources, you must consider the reputation of the affiliate. Because of the presentation of the information on this site, and the massive amount of links to other companies that work with REI Club, you have to do even more homework in order to figure out if this website may be right for you. If you search for complaints related to this company, there are a few out there. Searching for complaints related to some of their so-called expert real estate advisors, though, provides even more information. If the product that you’re considering is making claims that seem to be too good to be true, then that may be a red flag.
- Some users report problems with advertised services
- Unusually high fees
If you’re wanting to get started in real estate investing, it’s probably a good idea to be wary of reiclub.com. Instead, learn about the business by using one of the hundreds of sites that offer free advice and details about funding from reputable lenders. That way, you can get the right information that may help you find success in this business.
Final Verdict: It comes off as scammy, since REI Club isn’t relevant anymore.