Ken A.
Pass Book Savings Account Returns Would Have Been Much Higher
We invested $176,062 in eight properties around five years ago that had estimated returns of 8-10%. Six of those properties were recently sold for a return of 5.95%, one was a total loss of our investment and the remaining property has a current value of approximately 62% of our investment. In total, we will probably receive around $181,000 from our investments (2.8% on an undiscounted basis). If overpromising and undelivering is a corporate objective for AcreTrader, they are batting 8 for 8 with us. Here's hoping an ambitious attorney will file a class action on behalf of the investors who were led down a rosy path only to find it very thorny.


