Forum Replies Created
I looked at using his services and decided against it a few years ago because there was not enough detail. I have never regretted this decision.
have since googled his name every few months.
There used to be a topic/post about him on this site but it was removed. There were some unhappy people on this post.The following is a cut and paste from the web
• 1/12/2009 – For the Investors out there
I'd just like to repost a press release from a friend:
INVESTORS BEWARE BRIAN CLIMO AND MERIVALE HOLDINGS LLC
Superior Care Group warns investors of the dishonest business practices of Brian Climo and his company, Merivale Holdings LLC, of 18 Shannonbrook Ave Ormeau and 51 Fallenstone Drive, Spring, Texas, and advises against entering into any financial transactions with either party. Mr Climo also works with an associate, Tony Edge.
Mr Climo promotes throughout Australia and New Zealand his service of procuring investment properties in Texas, USA. He does this by introducing investors to the business and investment climate in Texas and offering to select undervalued properties for purchase and subsequent renting out by the investor. Mr Climo charges the investor a fee of $US12,000 for each property purchased by the investor, offering substantial discounts if multiple properties are purchased. As part of his brokering service he offers to connect the investor to various suppliers of connected services to assist the investor in managing their investments: bank lender, Texas-based real estate agent, a letting agent, home insurer, title insurer, tax attorney and property maintenance contractor. Mr Climo is not a licensed real estate agent.
Mr Climo promotes the investments as yielding 12% but after taking into account taxes, insurance, maintenance costs and letting fees the investment yields 5%.
The investor is able to either buy properties on Mr Climo's recommendation sight-unseen, or the investor may travel to Houston where Mr Climo offers to take the investor on a tour of the city and show the investment properties to the investor on a no-obligation basis. If the investor chooses to travel to Houston they will be required to pay a $US5,000 security to ensure their bona fides in undertaking the trip. Mr Climo offers that if the investor chooses not to buy any investments the $US5,000 is fully refundable.
In the case of Superior Care Group, this security was paid to Mr Climo and a company officer traveled to Houston. No properties were purchased, however Mr Climo and Merivale Holdings LLC refused to refund the security on the basis of setting this amount off against other additional services supplied in Houston, without detailing any of the alleged services.
Mr Climo's promotion is fraudulent and his business dealing are dishonest. Investors are warned to avoid Brian Climo, Tony Edge and Merivale Holdings LLC.
