JMichael

[Honna59]

Anybody here at Magic Bullets heard from John Michael recently....as in the last couple weeks or so? He's been flying off radar for a while now and I'm (as an investor with him) VERY curious about his game. Wondering if anybody else out there is having "issues" with him? He won't return email, phone calls, or private messages on his forum. He keeps promising investor reports and payouts, but nothing. I'm not feeling real good about ever seeing my investment money again (which sucks...cuz its not like I really WANT to loose that type of money!) and I was just getting over my "ultra conservative" habits with money. He seemed like a good guy to go with. Very personable. Very available (at one time). Very helpful. You know, good at building up TRUST....I'm aware of close to $400,000 he has from 3 investors, that haven't seen any return from him yet. Not good.

[Debbie]

Oh boy. This is the second time I've heard this in the last, what--maybe two months.

Honna, I'd strongly suggests that you pm Dan Auito. He may or may not have information. John Michael was banned from this site a couple of months ago for a short time.

I haven't heard from Dan for a few days and I suspects he and his family are having a short family vacation. So, it may be a few more days before Dan returns home and to this site. So, go pm Dan and report back here, if advised to do so.

I wish you luck and hope for the best. Keep us posted on how you're doing.

Debbie

[Teen2233]

Ouch.

As Debbie mentioned he has had a few problems here on the forum, and I think I remember a post claiming he was a fraud btu I am not sure if it is still on the site.

I wish you the best, and hope he surfaces again with your money.

Perhaps look into pressing charges? Or at least trying to have the government get involved?

[Debbie]

I believe the postings regarding the lawsuits against John Michael has been deleted.

[SPIVALAW]

IS THIS HIM???
***************************************

OPM - The Art of Leveraging
By John Michael | Published 03/4/2005

John Michael
John Michael concentrates his practice in the area of foreclosure real estate investing, including sales and acquisitions, land trust, Subject to, leasing, and workouts. John Michael has been a Real Estate Investor for over 20 years. One of the greatest advantages of real estate investing is the power of leveraging other people's money

[SPIVALAW]

IF THIS IS HIM, SOMEONE ANSWERS THE 800# ON HIS WEB PAGE.....

DiscountedProperties.com, Inc.
201 South Biscayne Blvd
28th Floor
Miami, Florida 33131 USA
Telephone: (800) 405-4175
Fax: (305) 437-8100

[Dan Auito]

John doesn't operate out of Miami so I don't believe that would be him above.
John is on and off the radar these days and to be totally honest I'm not sure what the heck is going on in Big Johns world.
Do keep us posted with any information that breaks regarding John and the Investors $$$$$$$.

Folks I am not John but if you want a truly guaranteed 15% A.P.R. return on your money, feel free to consider an investment with yours truly here (I remain accountable) and look forward to posting up daily progress reports on the projects that people have their money riding on.

Don't invest in anything that sounds to good to be true!

[Teen2233]

John doesn't operate out of Miami so I don't believe that would be him above.
John is on and off the radar these days and to be totally honest I'm not sure what the heck is going on in Big Johns world.
Do keep us posted with any information that breaks regarding John and the Investors $$$$$$$.

Folks I am not John but if you want a truly guaranteed 15% A.P.R. return on your money, feel free to consider an investment with yours truly here (I remain accountable) and look forward to posting up daily progress reports on the projects that people have their money riding on.

Don't invest in anything that sounds to good to be true!


How long before the return?(Just curious, if this is 6 months, yearly, etc..)

God knows if I had more than a couple grand I would invest with you.

[Aldo]

Based on my observations, JM has created more problems than he has solved. He's had more personal and entity names/addresses than I care to count and ............never mind.

IMHO, JM is the acronym for Jettison Michael rather than John Michael.

[Bernie (WV)]

Very scary. I know of one other member on here who invested with John Michael, Burke.

Are you out there Burke?

[Burke]

Yes.....I have $ invested with JM. At this point, I have no reason to believe that my money is lost. I got an e-mail from him today that I believe was sent to all his investors.

Honna: Since you also have money invested, I assume that you also got the message from him this AM? Reference your personal knowledge of the $400K from other investors, do you know enough about the specifics of their deals to know whether any payout is due them yet? Maybe their specific projects aren't complete yet so no payout is due.

Howard: I agree with Dan. I don't believe JM has any operation in FL so don't believe that contact info is for him.

As for the multiple entities and addresses, I have been monitoring his website for almost a year now. As best as I can tell, his entity names and addresses have not changed over that time. He does have more than one entity that I believe he uses for different aspects of his business. I don't find that too unusual and believe many knowledgeable investors teach that some operations require more than one entity (Howard being one of them) for different reasons.

JM has had some problems with his office staff and he has readily shared that with his investors at various times that I have been with him. I don't know any of the details with those problems nor do I need to but I believe that has caused some delay with his monthly investment reports.

My bottom line: I don't think we have enough details to send him to the "gallows" but that is my opinion and we are all entitled to one. My project should just be coming up on the end of it's cycle within the next couple of months.

[Debbie]

JM has had some problems with his office staff and he has readily shared that with his investors at various times that I have been with him. I don't know any of the details with those problems nor do I need to but I believe that has caused some delay with his monthly investment reports.

While I sympathize JM for having problems with his staff but I'm having trouble understanding why that is an ongoing problem, much less continuous monthly reports being delayed. That should not be tolerated.

Debbie

[Honna59]

Everyone,
Thanks for the responses. Sorry I was away from the forum for a while, but I wanted to see what you all had to say. Let me give you some more specifics...yes, Burke, I got that same email on the 17th or 18th about him and his office staff problems. Then I spoke to JM via cell phone on the 19th. Since then (and his promises to "make things right") I have not heard from him nor will he answer my phone calls or emails. I do happen to know enough about the (very close to) $400k from myself and some other investors. This morning, I was banned from John's forum....if you start pressing him about accountability, he banishes you. I hate putting specifics out there, but at this point, JM owes me $75k. If he truly was having growing pains and office staff problems as he claims, I hope he gets it squared away and can pay up....I will forgive easily. Prior to my current situation with him, John has always seemed like a pretty up-and-up guy....but he's pretty well damaged his reputation with me now. By-the-way, John operates all over but his address is in Springfield, MO. And his real name is John Sheehan. Maybe Michael is his middle name....no matter since it's really used as a business name so similar to a DBA...still thought you all might like to know.
Honna

[SPIVALAW]

How some folks get others money and then abuse that trust amazes me.
I would give up my home before I ever let one of my investors down.

[Judd]

theres a johnmichael over on reiclub.com

heres a link to a thread he was involved with

http://www.reiclub.com/forums/index.php?board=29;action=display;threadid=17700;s tart=msg84246#msg84246


Same guy? Wow I cant believe it. The guy seemed so spiritual in his posts. Guess you cant believe everything you read online.

BTW, if that miami office is indeed his, let me know. I'll pay a personal visit.

[Honna59]

Judd,
That's the same John Michael. The Miami office is not his as far as I know, but thanks for the offer. I might have to fly out to Springfield and pay him a visit some day (surprise)!
Honna

[Burke]

My August project report from John Michael was waiting for me in my Inbox when I got up this morning. It appears that my project is progressing as expected and should be completed very soon. I still have no reason to believe things are not going as expected. A little more time should tell for sure.

Burke

[Honna59]

Burke,
I'm hoping everything goes well for you. I too invested with John once last year and (after some delays and proddings) was successfully paid. On my latest investment, he made one payment (a month late) and none since...that was the end of April. He is treating my brother pretty well...his investments are to pay out later as well (so he, like you, is not YET out any money). Maybe because you guys were more patient than me he is treating you well. I'm telling you, don't press the guy or he will turn on you quick. I HAD to press him...its been 4 months without a payment (I'm supposed to receive monthly payouts) and its not a small amount of money. I can understand a guy going through problems...but that doesn't excuse not communicating. If you keep your mouth closed and kiss his "donkey" he'll probably end up paying you. I hope so for your sake. And just for my curiosity...your August investment report was the first one you received in how long?
Honna

[Burke]

And just for my curiosity...your August investment report was the first one you received in how long?
Honna

Well...I am certainly not kissing his "donkey" but I haven't made much attempt to contact him either. I had other things on my mind while in Iraq and since getting home. Plus, I knew it wasn't time for my project to be complete yet anyway. As for the last report I received, good question. It came in e-mail while I was in Iraq. I thought I could find it on my laptop but I must have copied it over to a CD as I was getting everything ready to return home. Unfortunately, my CD backups are at the office. I think it was sometime in June but it may have been more like May. I will try to remember to look tomorrow.

I certainly hope this turns out positive for both of us.

Burke

[SPIVALAW]

someone on here sent me a PM but theirs isnt accepting any.

Let me know your state and John M's state and I will look for an atty to help "motivate" him.

Good luck
howard

[blinghunter]

I am another investor with John Michael. After posting on his website (which was deleted) I got a progress report, but I'm seriously doubting anything will come of it.

I am ready to report this investment disaster to the Attorney General. When I asked for investor references, he gave me Alesia's name & several others. This has been over a year ago. I called her & she never indicated that he was a relative & I believe her last name was different than Sheehan. A few months later, she had become his "assistant". Now I see she has been listed as an owner of his company all this time,according to corporate filings. Her name is on the deed of the property I've invested in. Representing her as an independent investor was very fraudulent in my opinion.

BBB lists his name as John Michael Sheehan, but has no report yet.

[Debbie]

*SIGHS* John Michael, come on in and tell us what's going on....

[Dan Auito]

I'm going to e mail him this link. I hope he stands up to explain just what is going on. I too am sorry to hear of this type behavior.

[Judd]

You guys are handling it better than me. $75k ??? Woo Woo I would be on a plane and .........

John Michael you better explain yourself and give these people an answer. It sucks to have look over your shoulder the rest of your life.

[Aldo]

Methinks I'd have been on the same hook if I'd followed up on 'advances' from a young lady who now appears to be an important part of his ....... call it what you will.

[MarkLL]

As an Australian investor here and in the USA, I have appreciated the experiences and resources that are shared on this forum enabling my investment knowledge to be broadened so I may share
this with my fellow Australian investors.

I am an investor with John Michael who can relate to John's highs and lows in business. I believe that given time John will overcome adversity and move forward in a dignified manner.

To cast aspersions on associates / friends / relatives of John's is just not Good Cricket.

Please do not lower the standards of the Forum Family

[SPIVALAW]

Good Cricket.

LOL
Good advice but

That sounds more like England???
Like Cherry Oh??

My Austrailian hero would say something more like "Thats not a Knife"
"This is a Knife"

Sorry I am not well traveled.

[Debbie]

As an Australian investor here and in the USA, I have appreciated the experiences and resources that are shared on this forum enabling my investment knowledge to be broadened so I may share
this with my fellow Australian investors.

I am an investor with John Michael who can relate to John's highs and lows in business. I believe that given time John will overcome adversity and move forward in a dignified manner.

To cast aspersions on associates / friends / relatives of John's is just not Good Cricket.

Please do not lower the standards of the Forum Family

I understand what you are saying Mark. You mentioned business problems. So that tells me that it is not a personal problem (i.e. health problems).
It just does not sound reasonable for clients to wait for the investor(s) to overcome any business problem(s). All it takes is a little time, once a month, to keep all clients to kept informed. That is what JohnMichael has promised. It sounds like he didn't keep his promise, not to mention refusing to return calls, so what does the clients supposed to think?

Therefore, it really isn't unreasonable for client to express concern on this website. His clients have every right to be worried if he is not on the up and up. This is not the clients' fault for bringing their concern to us. They should bring it to our attention. We do not want to lead any potential clients to spend money on questionable investor.

John Michael had a responsibility to maintain his integrity as well as maintain his business' integrity. All this would've been prevented had John Michael had not chosen to remain silent/unavailable.

[SPIVALAW]

Lets sue!!!!!!!!!!!!!!!

Howard The Lawyer
(now they will love me)

[Teen2233]

Lets sue!!!!!!!!!!!!!!!

Howard The Lawyer
(now they will love me)


If it was me, I would have called you by now.

In addition to investor fraud groups.

[SPIVALAW]

Lets sue!!!!!!!!!!!!!!!

Howard The Lawyer
(now they will love me)

Hello Gang:

Likely it would be easier to get an atty to take the case(s) for a large number of investor plaintiffs (people suing).

Depending on how this guy has business structured and what assets he has would effect chances of recovery.

Bankruptcy is always an option unless you can prove intentional fraud.

I was kidding on me suing.

I only do serious injury cases. www.spivalaw.cm

Happy to refer someone.

Make it a great day!
Howard
Attorney
(the hate you till they need you) :>)

[Debbie]

Howard,

If anything happens to my children that was done intentional (ie drunk driver, etc) and caused great physical harm, you'd be the first person I'd call. Knowing my attorney brother, he'll want to work with you to help his nieces.

[SPIVALAW]

Howard,

If anything happens to my children that was done intentional (ie drunk driver, etc) and caused great physical harm, you'd be the first person I'd call. Knowing my attorney brother, he'll want to work with you to help his nieces.

I may sue you on their behalf
due to the severe psycological harm you have caused them making them wear my hats on the Internet.

[Debbie]

:xxrotflma

[blinghunter]

I am posting my concerns hoping that they are unfounded. I don't want to "lower" the standard of the forum, however, it was a forum such as this that I came to know John Michael & "trust" his advice. I really felt initially that he was a good guy & had a great concept with what he was trying to do. I've been very patient with the business problems, staff issues etc. In fact, he probably considers me one of the few remaining "loyal" investors that have been civil & understanding. So I do feel betrayed for the reasons outlined in my previous post. I knew this was a risk to begin with & the sum of money I'll be out is not as severe as what others may be losing.

It is my hope that maybe he'll read these concerns on this forum & realize, that many of us do understand that things don't progress as planned & that's ok. But tell us the problem & let us help fix it if possible. If my property isn't selling, let me help market it & show it -anything to get it moved.

I feel very foolish for getting in this situation. I'm not a seasoned investor, but this isn't exactly my 1st or 2nd deal either. I thought I had a pretty good BS detector, obviously that's not the case. If nothing else, maybe this post will help other investors think twice about investing with a stranger, guru or not.

[SPIVALAW]

I hope none of you lose your money.
Good luck!

[Debbie]

I hope none of you lose your money.
Good luck!

Amen

[Dan Auito]

John has replied to my requests for him to answer up, however only in e mails back to me.

He's not saying much and doesn't want to fuel what he says are more attacks by posting to the open forums.

What he has said is that two corporate insiders made off with substantial reserves and he is working to both prosecute and move personal funds at the same time to ensure everyone recovers whatever was at risk.

He's vague with me as well, so I probably know less than those who have money invested.

Blinghunter, this sure has turned ugly, I couldn't agree more, stay on it and please post up any follow-ups to your investigations!

[SPIVALAW]

If that is true he should name the thiefts for all to see that it wasnt him.

WHy they have acess to the funds?

The turth is usually cleansed when brought out it the sunlight.

[Debbie]

That's my thoughts, too.

[tracy5963]

Well I have been a member here for only a few months and a lot of my success's have been because of information many of you have either given to me or have shared on this site(which I have been most grateful for).
John seem to always be willing to share anything he had with me and anyone else on here and other sites. I know from my personal experience that someone that tries to help others usually tries to help everyone they come in contact with. that being said , I can see where john could have gotten himself in trouble very easily by trusting someone or just helping too much and not covering his bottom line. I have not invested with john so I am not aware of all the problems ,both from the investors side and johns side .
I have learned a lot about how to be prepared with my own investors as I have already begun advertising some what for private investor . I strive everyday to make sure I am prepared for as much hitting the fan as I can be .I just hate to give up on Ole john yet and hope he get straightened out in everything and gets back above board because he sure helped me a Lot just with resources .

[SPIVALAW]

I have learned a lot about how to be prepared with my own investors as I have already begun advertising some what for private investor .


Be careful any public solicitation puts you for potential SEC violations and huge fines.
I have seen it often.

[tracy5963]

I called the sec and my attorney general and they told me I fell under a state exemptions as long as I didn't use more than 25 investors and didn't say guarantee or risk-free . Is there more I need to know I contacted both of these agencies before I started even thinking about it .Any advise would be taken very well as I surely do not want trouble with any one . thanks for the concern and reply.

[TommyOH]

I don't personally know John, but from this site I can see some things. I have to agree with tracy. John makes money teaching people, but gives us all information and some coaching without hesitation. I'm sure he may not share all he knows for free, but he does share very much.

Also having gone through a situation very similar to what Dan was telling us about, I know how degrading, humiliating, and what a blow it gives to your reputation. Having your trust broken in our business is something I wish I never went through.

I had to do the duck and weave. I had to not answer my phone. I had to worry about people following me, and what their intentions were. Maybe he just needs time to get things back in order. Lets hope so for all of you who are involved.

[Bernie (WV)]

Sorry to get off subject but I noticed that TommyOh is from Cleveland.

I was in Cleveland in early July and took my family to a Cleveland Indians game as well as a trip to Canton to the HOF.

We were really impressed with Jacobs Field.

We had driven up from West Virginia where we were visiting with family.

Would like to visit the Rock N Roll HOF someday.

[Aldo]

Ladies and germs, for the benefit of all, I need to close this thread to further posting. Without taking sides, I'm seeing posts which could be regarded as libelous - some from folks who have not done business with JohnMichael and I don't wish to see any of our fambly being sued.