Actual property investing professional Tatiana Zagorovski has constructed a popularity as a revered voice in her area, however her journey hasn’t been with out severe challenges. She got here to america as a software program engineer looking for a greater life, and like many bold immigrants, she turned to actual property as a path to monetary freedom. But even along with her drive and imaginative and prescient, Zagorovski’s early profession was practically derailed after she encountered a rip-off that price her a hefty six figures.
In 2022, Zagorovski met a girl named Lena Meadowcroft by way of a mastermind group. Meadowcroft offered herself as an skilled investor and instructed teaming up for a three way partnership.
The plan was to purchase, renovate, and resell a property. By February 2022, the 2 had entered right into a partnership, with Zagorovski offering fairness as a part of the deal. Quickly, although, the undertaking shifted away from the unique plan. “That was an enormous mistake,” Zagorovski admitted.
How the “Alternative” Unraveled
The companions first agreed to renovate and flip the property, however by April 2022, the technique had modified, and so they determined to run the house as a short-term rental with a plan to refinance later. This shift, nevertheless, wasn’t written into their up to date settlement. That oversight left Zagorovski susceptible.
In accordance with Zagorovski, Meadowcroft started funneling rental earnings into her private account whereas withholding vital data, together with property affords. By April 2023, the property was bought. Regardless of this, Meadowcroft by no means paid Zagorovski her share.
The unpaid quantity, totaling greater than $120,298.53 in documented investments, pressured Zagorovski to show to attorneys at Armstrong Teasdale. Authorized calls for went unanswered, and the mounting dispute grew extra sophisticated as authorized charges and curiosity continued to climb.
In August 2023, Zagorovski filed arbitration proceedings primarily based on the unique three way partnership settlement. Despite the fact that Meadowcroft was granted a number of extensions, she failed to reply, and ultimately her counsel withdrew for undisclosed causes. On December 12, 2024, the arbitrator dominated in favor of Zagorovski. Sadly, Meadowcroft refused to conform, so Zagorovski nonetheless needed to file a civil swimsuit in Hillsborough County, Florida.
Utilizing Her Expertise to Defend Others
Whereas the authorized battle continues, Zagorovski has shifted her focus to warning different traders in regards to the risks of scams. She has written a ebook titled Predator in a Pastor Go well with: Exposing Lena Meadowcroft’s Actual Property Rip-off. The ebook tells the story of how Meadowcroft lured her in and deceived her, however it additionally goes additional. It highlights the widespread purple flags and ways that many con artists use in actual property schemes.
Zagorovski desires readers to see previous the story of 1 scammer and acknowledge the bigger classes.
She defined, “Sadly, I neglected quite a lot of purple flags all through the transaction. I dismissed my very own instinct. I assumed this girl was on this group as a result of she was legit and had been vetted. That was an enormous mistake on my half. Whereas I misplaced over six figures on this funding with Lena Meadowcroft, finally, I imagine it made me a greater investor as a result of whereas expensive, this expertise taught me to belief my intestine and at all times totally vet everybody I get entangled with. You’ll be able to’t blindly belief anybody, and that lesson was hammered residence for me. Now I wish to use my expertise to assist others keep away from what I went by way of.”
Her upcoming ebook is designed not solely as a warning however as a information. She desires to ensure others can spot scams earlier than it’s too late.
Classes for Each New and Seasoned Traders
Despite the fact that her expertise was painful, Zagorovski isn’t strolling away from actual property.
As a substitute, she stays dedicated to the business and nonetheless sees it as the most effective paths to monetary freedom. However she now emphasizes the significance of consciousness and warning.
In her ebook, she breaks down how Meadowcroft used authority and belief to achieve affect, a sample, she warns, that’s widespread in lots of fraudulent offers. By sharing her story, she hopes different traders will study to acknowledge when one thing feels unsuitable and act on these instincts to guard themselves.
It’s a reminder that even skilled and clever professionals can fall sufferer to scams in the event that they ignore their intestine. The facility of persuasion, mixed with a convincing story and a false sense of credibility, can usually lure even cautious and skilled traders into dangerous offers.
Wanting Forward
With the discharge of Predator in a Pastor Go well with: Exposing Lena Meadowcroft’s Actual Property Rip-off scheduled for later this summer season on Amazon, Zagorovski is popping her loss into a possibility to teach others. Her resolution to go public with such a private and dear expertise demonstrates her dedication to make the actual property world safer for others.
The teachings she shares prolong past actual property, they apply to anybody making monetary commitments or trusting others with important investments. Her story encourages readers to ask robust questions, insist on clear documentation, and by no means ignore warning indicators.
For Zagorovski, the setback has grow to be a mission. She hopes her painful and dear expertise will save others from falling into the identical entice. And in that sense, her message goes past one rip-off and one scammer, it’s a name for vigilance in an business the place the stakes are excessive and belief is commonly examined.
Predator in a Pastor Go well with: Exposing Lena Meadowcroft’s Actual Property Rip-off will likely be obtainable on Amazon later this summer season.
Jordan French is the Founder and Government Editor of Grit Each day Group , encompassing Monetary Tech Occasions, Smartech Each day, Transit Tomorrow, BlockTelegraph, Meditech In the present day, Excessive Internet Price journal, Luxurious Miami journal, CEO Official journal, Luxurious LA journal, and flagship outlet, Grit Each day. The champion of dwell journalism, Grit Each day’s staff hails from ABC, CBS, CNN, Entrepreneur, Quick Firm, Forbes, Fox, PopSugar, SF Chronicle, VentureBeat, Verge, Vice, and Vox. An award-winning journalist, he was on the editorial workers at TheStreet.com and a Quick 50 and Inc. 500-ranked entrepreneur with one sale. Previously an engineer and intellectual-property lawyer, his third firm, BeeHex, rose to fame for its “3D printed pizza for astronauts” and is now a army contractor. A prolific investor, he is invested in 50+ early stage startups with 10+ exits by way of 2023.