anybody have any information on investing in this company or if its a scam?

Question

take a look at this
http://www.axiomrealtycapital.com/index.html.
they claim the company Returns routinely range between 55% and 75% ROI and is FDIC-insured escrow account under the control of a 3rd party trustee
do you guys believe in this or what?

or another one
http://www.rescapfunds.com/Default.asp

http://www.axiomrealtycapital.com/

try that link if the top one doesnt work

Answer 1

More than likely, it is an over-weighed fund. Dont invest in those types of funds. Invest in solid companys that will give you a steady return. 55% in a year is a fund that is looking to have around -60% returns in a bear market.

Answer 2

I have also been trying to check out this company. The first place I went was the Better Business Beareau, and got nowhere. I received some literature from them today, and here is how they say this thing works...

They identify a big development project for example a 200 unit condo project. They "pre buy" a block of units at a discount from the planned selling price. Technically, you are the one "pre buying" The money is held in an interest bearing escrow account until the project is completed. At that point, they sell your unit at developers prices, and you get 60% of the profit. (This is an oversimplification of the process)

The material they sent me makes it look pretty legit, but I am a born skeptic. I am still trying to verify it by some independant means. I am bothered that it didn't show up on the BBB.

They sent me information on current projects, and they are legitimate. They also sent me information on prior projects and they also are legit. But I am still skeptical.

Here are some other links...

http://www.newcondosonline.com/protec.php
http://realestategoddess.info/preconstruction-investing

I originally found out about them from a newsletter I receive regularly from Morningstar. Morningstar is a reputable company, and so this might be legit, but as far as I am concerned, the verdict is not in yet.

Answer 3

I don't know about these two companies, but you can start with the SEC at http://www.sec.gov/investor/pubs/cyberfraud.htm
They recommend using the Edgar database for filings by companies. There were no results in the Edgar database for Axiom Realty Capital, but it did yield Vornado Realty Trust at http://www.vno.com This one is more likely a legit investment.
You might also check the Better Business Bureau. http://www.bbb.org.
Here is the Better Business Bureau Report for Axiom Realty:
BBB Reliability Report

The Better Business Bureau®
Serving Utah
5673 South Redwood Road #22
Salt Lake City, UT 84123
[phone]
www.saltlakecity.bbb.org

Axiom Realty Capital LLC
9517 South Glacier Lane
Sandy, UT 84092
Telephone: [phone]
Fax: [phone]
The BBB reports on members and non-members. If a company is a member of the BBB, it is stated in this report
BBB Definition:

report - A summary of activity reflected in a company's BBB file. Includes basic business background, BBB membership information, and Bureau complaint activity over the previous three years. Also reports may include any known government actions, advertising issues or other information that results from activity conducted by the BBB.


. Principal: Owner or Manager
Customer Contact: Owner or Manager
File Open Date: September 2005
TOB Classification: Financial Services
BBB Membership: This company is not a member.
The Bureau has requested basic information from this company but has not received a response. As a result, the Bureau may not have current information about the company

Customer Experience
The Bureau processed a total of 0 complaints about this company in the last 36 months, our standard reporting period.
Additional Addresses
6905 South 1300 East 3287
(Undeliverable 09/05)
Woods Cross, UT 84087

I leave you to do more of the leg work.

Answer 4

I think the stock market is a better place to invest right now than real estate. Real estate is still expensive. If you want to invest $30,000 in real estate, you should buy a condo in a good neighborhood and rent it out.

If you want to invest in stocks, the first thing to do is see what the best traders are buying and selling and why. This is the idea behind http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 5

The first link didn't work, but I can guarantee you that they are not returning 55-75% ROI.

The second one averages like a mutual fund.