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Business Profile

Crowdfunding

Tulsa Real Estate Fund, LLC

This business is NOT BBB Accredited.

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Complaints

Customer Complaints Summary

  • 16 total complaints in the last 3 years.
  • 2 complaints closed in the last 12 months.

If you've experienced an issue

Submit a Complaint

The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

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Complaint status

Complaint type

  • Initial Complaint

    Date:01/12/2025

    Type:Service or Repair Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    i purchased 20 shares at a cost of $1000.00. In July 2023, I submitted a redemption form for all 50 shares totaling $1000.00. To date, I haven't heard back from the business.

  • Initial Complaint

    Date:05/06/2024

    Type:Billing Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    The Tulsa Real Estate Fund and *********************** have not provided any account statements or information about the status of my account. I've tried to sell my shares and was denied access to the account by Computershare. I have requested my 1099 without result. There is no board of directors to contact. I bought my shares totaling $525.50 November 2018.

  • Initial Complaint

    Date:11/14/2023

    Type:Product Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    I have submitted the required forms to request the return of the investment. This was done on 9/1/23. I have only received email messages stating my request has been received.I want my money returned.

  • Initial Complaint

    Date:10/27/2023

    Type:Product Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    My wife and I paid nearly $8750 to *********************** (also known as *********************************) to purchase into the Tulsa Real Estate Fund. We were told we could get our money back any time after a year. They spending money like crazy and refusing refunds. I fear they will go bankrupt and we will get nothing. *********************** portrayed himself as a successful real estate investor that has sold and listed hundreds of houses, yet in our research, we cannot find him listed as the real estate agent for a SINGLE property over the last 15 years. He also did not disclose that he was a convicted felon and had been investigated for financial crimes. For all the reasons, we feel like we were tricked into investing with Tulsa Real Estate. We were lied to by *********************** and all his previous shady dealings were never mentioned. *********************** purchased himself a property with Tulsa Real Estate funds and we believe he is wanting to see the fund go bankrupt so he can be released from the loan given to him by the fund.

  • Initial Complaint

    Date:09/25/2023

    Type:Product Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    I invested in this fund with the promise of return which has been false

  • Initial Complaint

    Date:09/21/2023

    Type:Sales and Advertising Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    ********************************* the founder and fund Manager of Tulsa Real-estate fund. Took the money raised by over 15k investors totaling over 11 millions for an real-estate venture and use the funds raised to purchased a home and 27 acres for his family . On 06/28/2018, 11/30/18 and 12/23/2018 I purchased 10 shares of **** real estate fund; a total of 30 shares. I have not recieved any dividends in 4 years. He has used the money raised for the Tulsa Real Estate for his own personal gain.

  • Initial Complaint

    Date:09/15/2023

    Type:Product Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    On June 2, 2018 I invested $500.00 into a real estate crowdfund called Tulsa Real Estate Fund aka TREF. The fund manager, ******** "***" ******** and his wife *********************************** raised over $11 Million dollars. The goal was to re-invest that money into profitable properties in various beneficial fashion to build a portfolio and create a return for investors.Investors have recently become aware that the $11 million dollars is currently less than $500,000 if even close to that remains. Through a review of evidence via various public data sites, a direct recorded video presentation by *** and ***********************************, and consistent experience testimony by several hundred investors; it appears this is due to the extreme misappropriation of funds by the **********.I have personally requested redemption of my initial investment and the fund has refused to respond to me and other investors that have submitted similar requests. Investors have asked multiple questions about the current state of the fund, updates about the fund and the ********** have blatantly lied, denied and blamed others. A simple question of "what is the current cash balance of the fund" has not been answered with supporting documentation to investors.Until we get clear and truthful answers with supporting documented evidence, the ********** are violating their fiduciary duty to investors. I would like my investment back as requested immediately.We, as investors, are submitting individual requests to the SEC, **** attorney general and of course the BBB. We need to protect others from being defrauded.

  • Initial Complaint

    Date:09/07/2023

    Type:Product Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    I invested $2,500 into the Tulsa Real Estate Fund (TREF) on 4/16/2020. In February 2021, I received a dividend check of $46, as stated in their program. TREF claimed investors would receive 4% of the profit annually; conversely, I ever only received one check in the amount of $46 from them in 2021. Furthermore, I didn't receive any dividends in 2022; nor 2023. I am very displeased with the level of service that I received from TREF. I requested a redemption on 5/25/2023 and have yet to receive any liquidation or even a status regarding this matter. Also, the fund has a policy that requires investors to remain with the fund for 12 months (in which I'm compliant); however, my redemption was requested well beyond the 12 months, and no one have responded to the request as of yet within their organization. This is unprofessional and ridiculous.

  • Initial Complaint

    Date:08/28/2023

    Type:Customer Service Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    Tulsa Real Estate Fund Manager has been misappropriated with funds

  • Initial Complaint

    Date:08/05/2023

    Type:Service or Repair Issues
    Status:
    Unanswered
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    I join Tulsa when it first started and I have not received nothing back and I tried to get my money back but its hard to get ahold of someone

Tulsa Real Estate Fund, LLC is NOT a BBB Accredited Business.

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