![Guide.in.ua Guide.in.ua](https://cdn.guide.in.ua/img/guide300.webp)
Fourplex Investment Group
Provo, Utah, United States
About the Fourplex Investment Group
Fourplex Investment Group is a versatile institution located in Provo, Utah, United States. Specializing in finance, general contracting, and real estate services, our team is dedicated to helping clients achieve their investment goals. Whether you are looking to buy, sell, or renovate a fourplex property, our experienced professionals are here to guide you every step of the way. With a commitment to excellence and a passion for real estate, Fourplex Investment Group is your go-to resource for all your investment needs.
Photos of Fourplex Investment Group
3278 West 1150 South, Provo, UT 84601, United States
Opening hours of Fourplex Investment Group
Monday:
08:30 - 17:00
Tuesday:
08:30 - 17:00
Wednesday:
08:30 - 17:00
Thursday:
08:30 - 17:00
Friday:
08:30 - 17:00
Saturday:
Day off
Sunday:
Day off
Reviews of Fourplex Investment Group
"I purchased two 4-plex's and was told we would have a Certificate of Occupancy by December 2023. As of February 2024 we are only at framing stage and we are being told that FIG is out of money and they need to meet with the bank to approve increased amounts. TERRIBLE experience!"
""WORST INVESTMENT EVER" This has been the most disappointing investment experience with FIG. The project faced inexplicable delays, stretching more than a year. The apparent supply chain issues, especially concerning electrical panels, remain perplexing, considering other builders successfully adhered to timelines. The construction loan setup and withdrawal schedule are dubious at best. Needless to say, the interest rates are relentlessly high, and non-negotiable with the bank. Accountability for delays is conspicuously absent, with blame consistently shifted to supply chain issues. The construction status and withdrawal from the bank introduce another layer of concern. The banks seem indifferent to physically verifying the construction status, relying solely on submitted reports. Unfortunately, these reports are far from accurate, as evidenced by my personal inspection revealing units without flooring, electricals, finished stairs, primed and dusty walls, incomplete bathrooms, unfinished tubs, and absent appliances. With the report submitted to the bank for loan withdrawals, there is a lack of validation from Bank for the construction status. The HOA and Property Management, despite appearing as separate entities, seem to be one entity. Updates on rental status are only provided upon request. One cannot change PM alone if there are disagreements with PM in future. Investors do not have independence to choose PM. Alternatively, there could have been more than one PM for fair competition in the world of capitalism. The Pool and Gym facilities, touted as amenities, are laughably small and impractical for accommodating the numerous tenants residing in the complex. The discrepancy between what one would expect and actual sizes is unbelievable. Moreover, it is disheartening to note that while FIG and related entities do not compromise on profits, the losses are disproportionately borne by the actual investors like me. This glaring disparity raises serious concerns about the overall integrity and fairness of this investment. Additionally, despite obtaining the Certificate of Occupancy in July, they are yet to be rented, and the immediate imposition of HOA assessments since COO adds insult to losses. The lost opportunity on the substantial down payment, coupled with the burden of high-interest rates on construction loan over a period of time without any corresponding revenue, becomes even more apparent when compared to potential investments elsewhere."
"Worst investment I could have done. They’re a year behind the latest projections of when they originally said they would be done and the date of occupancy keeps getting pushed out farther. I’m paying thousands in interest that their liquidated damages don’t come close to fully covering. Absolutely terrible and dishonest communication. They used Covid as “an act of god” to get more money from investors after the contracts were signed and work was underway- money is gone and the building is still in the works. Using Covid as an excuse at this point is laughable. FIG should be held responsible for the contractors they hire and the stark difference between their wishful proformas offered and reality."
"Where should I start. I invested with FIG thinking they were a great company but a total disaster. At a time when we had the greatest real estate appreciation we will ever see and people made tons of money I am still waiting 2 years later for my property to be built and the price keeps going down! Now that it has even taken longer then they have projected I will probably miss the rental season and take more of a hit. I would never ever buy from them ever again STAY AWAY. On another case I had put down a down payment for another property with them in 2021 but 10 months later we were told that the project would not go through when I could of invested my money somewhere else and had great appreciation! I am happy to answer any of the points to anyone above as it is all real."
"Agreed with the negative review below. Absolutely poor service and follow up. I purchased a fourplex in late 2020 and it is over 14 months late and STILL not done. I've been paying $4k/month in interest just to keep the project going on my construction loan. You would think with this bad of a scenario for their clients, FIG would have a very strong follow up program to keep people engaged, but in fact it's the opposite. They completely abandoned communicating with their customers and providing any kind of feedback or solutions. The construction delay may be out of their control (I don't think it is) but their attitude towards service and communicating is absolutely abysmal. It takes multiple follow ups and usually at least a week to get any kind of response from their team. They create a spreadsheet to track the progress of the construction which was supposed to get updated in real time. Now, it gets updated once every 2 months. Barely. Clearly they just gave up on creating any kind of positive experience for their investors and customers. Avoid at all costs."
-
Zion Pioneer Lodge
838 Zion – Mount Carmel Hwy, Springdale, UT 84767, United States
-
Bumbleberry Inn
97 Bumbleberry Ln, Springdale, UT 84767, United States
-
Cliffrose Springdale, Curio Collection by Hilton
281 Zion Park Blvd, Springdale, UT 84767, United States
-
Cable Mountain Lodge
147 Zion Park Blvd, Springdale, UT 84767, United States
-
Zion Hummingbird Villa
44 Hummingbird Rd, Springdale, UT 84767, United States
-
Zion Bed and Breakfast
980 Zion Park Blvd, Springdale, UT 84767, United States
-
Hotel de la Fido
476 N 200 E, Parowan, UT 84761, United States
-
Cedar Lodge
479 S Main St, Cedar City, UT 84720, United States
-
Desert Pearl Inn
707 Zion Park Blvd, Springdale, UT 84767, United States
-
CliffRose Lodge ; Garden
Springdale, UT 84767, United States
List of businesses, places and services in Utah
⭐ business help 🔍 services ☎ phones 🕒 opening times ✍️reviews 🌍 addresses, locations 📷 photos