We’re a multifamily real estate investment company with over $650M in assets and over 18 properties in our current portfolio across Texas and Arizona. Our mission is to make it possible for motivated individuals to reach financial independence faster and maintain their wealth by providing passive real estate investment opportunities that positively impact both our investors & the communities where we invest.
UPDATE - she FINALLY removed her website... thanks to this review and reporting to the SEC! You can still find her selling her services here: https://www.ezfiuniversity.com/meet-elisa-zhang
Amplitude Equity is a multifamily syndication company based in Utah and I am reviewing them to showcase their mismanagement of investor funds and deceptive advertising practices. In 2021, I invested money in a deal in Arizona, which was advertised with a rate lock. However, in 2023, I had been informed that I will not be getting my money back due to the lack of a rate lock—directly contradicting what was originally advertised. This represents a serious breach of trust and misrepresentation of the investment terms.
Furthermore, despite multiple properties under Amplitude Equity being taken over by the bank, Elisa Zhang continues to advertise these same properties on the website (www.amplitudeequity.com) with claims of 100%+ total return and 15%+ annual IRR. This is clear false advertising and deceptive behavior, as investors are being led to believe these properties are still active and profitable when, in reality, they have failed. Amplitude Equity also employs multiple layers of corporate structuring, making it difficult for investors to obtain transparency or hold any party accountable. Requests for financial statements and explanations regarding the failure of the investment have been met with vague responses, delays, or no response at all.
Overall, do not recommend. They bought all of their properties way too high in 2021 and now 8 out of 18 (likely more now) properties are taken by the bank. Mismanaged Millions of dollars of investors ... poof gone. They are looking to rebrand and launch again so watch out for Elisa Zhang!
VI
Verified Investor
1.00
Original
"Do not trust this company or Elisa Zhang"
Amplitude Equity is a multifamily syndication company based in Utah and I am reviewing them to showcase their mismanagement of investor funds and deceptive advertising practices. In 2021, I invested money in a deal in Arizona, which was advertised with a rate lock. However, in 2023, I had been informed that I will not be getting my money back due to the lack of a rate lock—directly contradicting what was originally advertised. This represents a serious breach of trust and misrepresentation of the investment terms.
Furthermore, despite multiple properties under Amplitude Equity being taken over by the bank, Elisa Zhang continues to advertise these same properties on the website (www.amplitudeequity.com) with claims of 100%+ total return and 15%+ annual IRR. This is clear false advertising and deceptive behavior, as investors are being led to believe these properties are still active and profitable when, in reality, they have failed. Amplitude Equity also employs multiple layers of corporate structuring, making it difficult for investors to obtain transparency or hold any party accountable. Requests for financial statements and explanations regarding the failure of the investment have been met with vague responses, delays, or no response at all.
Overall, do not recommend. They bought all of their properties way too high in 2021 and now 8 out of 18 (likely more now) properties are taken by the bank. Mismanaged Millions of dollars of investors ... poof gone. They are looking to rebrand and launch again so watch out for Elisa Zhang!
