BiggerPockets

Hi DLV!

I don't know the answer to your question.

But I do know that you're new to the forum and need
a handshake welcome. :D

Thanks for visiting our forum and asking your question.
I hope you'll stick around, join more discussions, and
maybe share with us some of the deals you're currently
involved in.

Welcome!

Of course I have suggestions!

I can refer you to a local commercial broker, and I myself
can get started on the needed financing.

I'll pm you.

I was also curious to hear if anyone had dealings with Pinnacle...it sounds great and they come accross as "clean"...
Also, as a "small" investor (I'm a public HS teacher), I'm real interested in the South Carolina market. Any insights?

Hi All,

I was searching for info/feedback on Pinnacle and ran into this site.

To respond, I have invested a small amount 6 months ago - had 3 levels of references and have gotten the returns as promised promptly. I had my lawyer check these folks and paid for a Dun and Bradstreet (?) report and nothing turned up (beware as "absence of proof is not proof of absence").

As of today, my lawyer has more invested than self and since I have my 100% return in hand, I am thingking of putting a bit more.

Any other experiences?

MTH

lapointbush, my name is Verran Jones and I'm with the Real Estate Coaches and we have partner with Pinnicale Development Partners. We have opportunities listed on the pre-construction section on this site. Call me at 678-230-9348 tonight and we can talk with the principal of Pinnicale today. V

Looking for more feedback on Pinnacle Development Partners, LLC. Looks interesting!

Yes, if anyone could give more feedback on the pinnacle development partners, LLC that would be great. More details in the process would be great. Thank You.

Marks:
1. Ofcourse you mean to question my intent :wink: . Rightfully so as it appears too good to be true; On paper their model makes sense but defies CW...
2. I posted on this thread as this was the only one that came up on googling Pinnacle - I was looking for any bad experiences and am still searching. Appreciate anyone pointing me to one;
3. Cheerleading??? My posts never advised anyone to invest. On the contrary, I have explicitly cautioned. Now my approach was to put in only that money that wouldnt make me loose sleep for more than a week if lost. To me the returns are certainly worth that risk

Upon my attorney's advise, I incorporated and went in as LLC. Other than that I do not have much more than my previous posts to offer without appearing to do the job of Pinnalce Marketing :D . As BigGQ has found out, this is a fairly cookie cutter process and their rep should be able to answer your doubts and questions.

I certainly want to discuss any specific questions you all might have that I might not have covered during my own analysis...

Cheers
MTH

If you want the process explained, shouldnt you be getting it straight from the source? Wouldnt you rather understand their business model as well? Relayed by me would at best be incomplete and at worst might be incorrect. As I mentioned earlier, the terms have changed since I signed up. It is inexplicable you insist on this but for what it is worth, here's what I recall:
1. Pinnacle faxes you a form to be signed and Fedexd back with your check;
2. Countdown begins upon receipt.
3. A partnership (not llc) is mailed within 2 ~ 3 weeks to be signed and retuned;
4. You have the option to rollover or withdraw both principle and return - Your check is Fedexd to arrive on 60th day.

You might doubt me, but there should be no doubt on my independence from this company. I made clear my association with it as an investor and as such have a vested interest in its success.

I am not interested in making anyone a believer. I have shared my experience with them over the past 6 months - they have been prompt and go by the book. My apologies if I have misunderstood this forum - I was hoping to see a robust discussion on their business model and the risks involved.

Cheers,

MTH

RWZ,

Yes - for each of the partnership, you would sign a document with the name/address of the property. It takes a while for the names in the partnership to get onto the title, but I verfied that it does happen for the first partnership. I did not care to ask for the other 3, but they will fax you the title copy if you so desire - that is my understanding.

You say that Gene is listed as owner, not Pinnacle. Did you ask why this is so since the partnership is with Pinnacle?

MTH