Investor Warning

We purchased the Whitmore Building, a 3-unit building, from NorthCoast in June of 2025. The purchase price was $50,000 plus $79,750 in rehab costs. This project was to be completed in 2 months.

We are now at the end of March 2026 and it is only about 50% done. Even though we had a contract stating how much the rehab would be, during these last 9 months NorthCoast, Neo Property Management, and Platinum Key Renovations requested an additional $25,000 and $33,800 for additional rehab costs for a project that was never completed.

We are returning the building to NorthCoast and requesting all our monies be returned.

Additionally, we purchased 2 single family houses and experienced the same scenario. We purchased the 2 houses in August of 2025. The purchase price was $110,000 plus $60,000 in rehab costs. The project was to be completed in 2 months.

We are now at the end of March 2026 and they are still not complete. Even though we had a contract stating how much the rehab would be, during these last 7 months NorthCoast, Neo Property Management, and Platinum Key Renovations requested an additional $20,000 and $33,800 for additional rehab costs for a project that was never completed.

These people and companies are some of the most dishonest I have come across in my 25 years of real estate investing. It seems a little convenient that the owner of NorthCoast is also part owner of Jag Enterprises, where we have been paying high interest loan payments since we purchased these 3 properties.

NorthCoast referred the property manager and contractor to us, but we were never - until recently - allowed to talk to the contractor. The bottom line is that all these people and companies are working together to take advantage of investors.

We know of several investors that have had similar experiences with this group of people. We wonder how many more are out there.

Besides filing a lawsuit or class action lawsuit, we plan on filing complaints with:

• The Ohio Attorney General
• The Ohio Division of Real Estate and Professional Licensing
• The Ohio Division of Financial Institutions
• Consumer advocacy groups
• Any other appropriate regulatory body

These people and companies are a stain on the good and honest people of Ohio.