CAUTION
CAUTION
I am writing to share my concerns
regarding the Fidelis Wealth Builders
iAccelerate Program and to provide a
professional, factual account of my
experience.
The program claims to teach students
how to:
1. Bid on auction properties, winning
on average 1 out of every 25 bids.
2. Perform administrative work
related to creating and submitting
bids for coach/mentor approval,
supposedly taking 30-45 minutes
per bid.
However, in my opinion, these bids take considerably longer when ALL factors are considered. These factors
include finding a property worth bidding on(time you may not consider as part of the process, but it is lengthy when added up), performing due diligence (contacting realtors, awaiting feedback, obtaining comparable sales
data, and drive-by inspection photos), and waiting for coach/mentor approval, which can involve several
rounds of communication and often takes 24 hours or longer.This entire
process can take days rather than the advertised 30-45 minutes. The idea
that students could submit three bids a day in a few hours in my opinion is unrealistic
based on my experience.
To verify the program's effectiveness,
I requested data on the total
properties acquired by students since
the program's inception. This request was made in a public forum after other students expressed frustration
over not winning any bids, some exceeding 50 unsuccessful attempts.
Despite multiple attempts over a couple of weeks, the company declined to provide supporting documentation. Instead, I and another
individual were removed from the program without a refund. I immediately requested one because I did nothing wrong, I simply wanted to confirm their purported winning bids proving the advertised success.
Additionally, a video was posted publicly disparaging me, and the
community Slack channel was shut down per company admin who emailed me the video.
While I am not alleging any erroneous actions by the company, I am noting the refusal to provide supporting documentation for the claimed success rates. Transparency regarding the number of properties purchased by students is a fair request when investing nearly $5,000 in a coaching program advertised as a partnership for profit and seeking reassurance of my investment. I felt that my request for data was treated
as unreasonable, which I find both absurd and problematic in my opinion.
The lack of transparency and the treatment I received for asking these questions have only raised more
concerns. The refusal to share this information and the subsequent actions taken against me are unprofessional and unjust.
I believe my removal from the
program was unwarranted in my opinion. My question, which seemed to provoke a strong reaction, was a
legitimate inquiry about the program's success rates. Disabling the communitv aspect of the program
further raises concerns in my opinion (they shut down the community slackchannel because too many people
expressed their desired outcomes
for reported bid wins (weekly, monthly and then annual, adjusting request based on their reason for no).
Most well-known coaching programs embrace
community learning, where seasoned students teach newer ones,
enhancing the learning experience. This program's reliance solely on coach-to-student interactions
declared in this video seems
problematic, as student collaboration is invaluable for filling gaps that coaches may not have the capacity to address. Time being the first one, three coaches and 100+ students...no way you can adequately help all of
them and in my opinionthey did not based on their response times).I hope my feedback is taken
constructively and that the company considers adopting a more transparent and community-orientedapproach. The video released to members was disrespectful towards me and unprofessional, projecting an authoritarian tone in my opinion. I dont believe this approach is effective in what they advertise as a partnership program, we are not your employees, we invested our money and we are giving all of our time digging for properties, preparing bids and bidding in thebauctions and tracking all data to continue bidding thensame house maybe 5-10+ times in my opinion. The tone was not at all in that spirit of partnership in my opinion.
For those interested, I recommend
requesting comprehensive
documentation of the program's results for the year of 2023 and 2024 before committing. Verify # students in the program(knowing the average advertised win is 1 in 25 and hrs worked is 5 -7 hr), compare against total properties the company has aquired. Confirm if the numbers make sense, do your due diligence. Company's should want to prove their track record when partnering with them.
myaauer2377@gmail( have ?? or copy of video)
3 april 2024
Review zonder uitnodiging