The Lennox Group

Comments(7)

• 
  ew866th August, 2003

  I have been researching TLA companies. I have not used any of them and I have not decided which one I want to use.
  
  I have 2 things that I dislike about Lennox: a) The investment is payable to them. What if they go bankrupt? Some other TLA companies ask u to write check payable to the govt FBO to you.
  b) The minimal investment is high. Some companies allow u to start with less $$.[ Edited by ew86 on Date 08/06/2003 ]

• 
  lmack5210th August, 2003

  what other TLA companies have you researched?

• 
  ew8611th August, 2003

  platinuminvestmentproperties org and taxlienagents com

• 
  oneshot147111th August, 2003

  I have actually talked with Zack Harrison from The Lennox Group and he told me that your initial investment can be about $25000. But, he informed me that the chances of you acquiring property with that little an investment are very low.
  
  It says on the website that about 5-10% of the liens result in properties for the investor. That's really their ultimate goal. Lennox seems to be reputable and have a satisfactory record with the bbb. My only problem is that you need $50,000 or more to make significant money with them, which is a lot to risk. Plus, their fee of 13% is also high. In your first year with them (as part of the 3-year contract), you'll break even or come out slightly ahead. In your second and third year is when you really make money.
  
  I'm still trying to look into other companies and compare them. Can anybody recommend any other TLA companies besides The Lennox Group?
  
  Thanks.

• 
  25th August, 2003

  Try Landmark Capital Group. They offer basically the same deal and the Lennox Group's, but the deal is on better terms for the beginner investor: less money required to start with (20 to 30 K), lower fees, electronic due dilligence and lots of free info from the company.
  
  Their strategy is slightly different from the Lennox: they diversify client's moneys w/in the portfolio in such way that average rate of return 16% is reasonably offset by good chances of at least one lot being not redeemed). However, as far as I know, this happens only on the second year. The first year, Landmark is just "beefing up" client's portfolio. On the second year, that is when the fun starts!
  
  Sorry can't post either URL or 800 number or their address, talk to Howard
  
  Good Luck!

• 
  eramos25th August, 2003

  esafin,
  
  I would like the url and phone number for Landmark Capital Group. I tried a search on google but could not find them.
  
  Please see my profile for contact info.

• 
  KBCase10th September, 2003

  I believe Lennox is one of the companies that does an "agent" program. If so they have problems. See posting on securities fraud.