Has anyone done business with Four Peaks Capital?

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David Calme
Investor · Sterling Heights, MI · Member since 2015 · 25 posts · 12 votes
8y

@Ji Yang There are MHP fund operators who have proven track records and have been acquiring and oprating MHPs for many years. Although most such fund operators only deal with accredited investors directly, you may also be able to find some among the crowdfunding sites. Typically, the mobile home funds can achieve very attractive COC, a somewhat recession resistant business model, decent upside as well. Judging by their website, without speaking with them personally, it appears that Four Peaks does not have a long track record in the MHP space. Since they are advertising, I assume that they only deal with accredited or sophisticated investors, as well. If you are thinking of investing with Four Peaks, I recommend that you perform an extensive due diligence check on them. Also check our at least a few of the other MHP syndicators and fund operators to compare. That said, it is always great to be exposed to operators that others on the site may not have been exposed to. Good solid passive cash flow opportunities are not easy to find. Good luck with your investing and please share your experience if you decide to invest with them.

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  • Cam Chan
    Real Estate Agent · Palo Alto, CA · Member since 2018 · 20 posts · 8 votes
    7y

    @David Calme. I am also interested in the list... would you also PM me the list? Thank you so much!

    0Reply
  • James W.
    Jersey City, NJ · Member since 2016 · 170 posts · 12 votes
    7y

    I received my Q2 distribution.

    Adding other people below who were waiting for this update.


    @Account Closed I apologize for my remark.

    But our investment is 40 times the monthly payment. So when we did not receive any response to our emails for several days, this naturally triggers concerns and emotions. Which may or may not be valid but we have no way to know until we hear back.

    Thanks for getting back to us. We hope our capital is in safe hands with you.

    @Cam Chan, @David Calme, @Sangeetha G., @James Richardson

    0Reply
  • Andrey Y.
    Specialist · Honolulu, HI · Member since 2014 · 1k+ posts · 1k+ votes
    7y
    Originally posted by @James W.:

    I received my Q2 distribution.

    Adding other people below who were waiting for this update.


    @Account Closed I apologize for my remark.

    But our investment is 40 times the monthly payment. So when we did not receive any response to our emails for several days, this naturally triggers concerns and emotions. Which may or may not be valid but we have no way to know until we hear back.

    Thanks for getting back to us. We hope our capital is in safe hands with you.

    @Cam Chan, @David Calme, @Sangeetha G., @James Richardson

    Was the Q2 distribution disbursed later than advertised/expected? 

    0Reply
  • Kornel Kurtz
    Member since 2019 · 4 posts · 3 votes
    6y

    I would stay away at all costs.  Four Peaks Capital Partners appears to be a fraud and I feel I'm scammed.  I invested 6 figures about a year ago, and only got one distribution and that was only after numerous calls and emails.  Now its 5 months later and no word on the next "quarterly" distribution promised.  I send emails, no responses.  I call and get an answering service.  There is no communication except for an irrelevant biweekly blog that holds no value to me.  

    @Andrew Lanoie please respond.  I want my capital back.


    Any updates on your end from Four Peaks? 
    @Cam Chan , @David Calme , @Sangeetha G. , @James Richardson, @James W

    2Reply
  • Kornel Kurtz
    Member since 2019 · 4 posts · 3 votes
    6y

    Andrew did call me, there was a second distribution I didn't know about and a 3rd supposed to be coming shortly.  So it appears a little better that what I thought.  Seems there's been some reorganization and my investor relations contact from Four Peaks moved on. This sponsor I will continue to monitor closely. 

    0Reply
  • Zach Zimmer
    Rental Property Investor · Uniontown, OH · Member since 2015 · 54 posts · 29 votes
    6y

    Thanks for the update.  I have eagerly wanted to get into this space..
    I had a few calls with Sunrise that had some pretty poor answers / or lack of to my questions so was leaning toward Four Peaks since those conversations went better.  However based on these experiences still seem too risky versus just going after some of the options with RealCrowd that seem attractive and proven.

    1Reply
  • Andrey Y.
    Specialist · Honolulu, HI · Member since 2014 · 1k+ posts · 1k+ votes
    6y
    Originally posted by @Zach Zimmer:

    Thanks for the update.  I have eagerly wanted to get into this space..
    I had a few calls with Sunrise that had some pretty poor answers / or lack of to my questions so was leaning toward Four Peaks since those conversations went better.  However based on these experiences still seem too risky versus just going after some of the options with RealCrowd that seem attractive and proven.

     Agreed. I don't get a great taste or feeling about the MHP sponsors mentioned based on this. I will stick with large funds of proven operators.

    Maybe these are isolated incidents, but operators of MF and other assets seem to be more professional.

    0Reply
  • James W.
    Jersey City, NJ · Member since 2016 · 170 posts · 12 votes
    6y

    Q1 distribution is missing again. And the pattern of no response to emails is back again.

    This repeating pattern makes us regret the descision of investing with them.

    @Kornel Kurtz and other investors, did you get your Q1 distribution?

    @Account Closed - can you please let us know?

    0Reply
  • Kornel Kurtz
    Member since 2019 · 4 posts · 3 votes
    6y



    @James W
    I did not.  Said they are pausing distributions for a min. of 30 days.

    0Reply
  • James Rich
    Member since 2020 · 2 posts · 3 votes
    6y

    Well....here we go again with this company!  Second quarter in a row with NO distribution!!!  I wish I had never heard of them. Their customer relations person quit and you can NEVER talk to someone in person.  If anyone has money with them please PM me. I want to explore options to at least recover what I invested with them and it’s substantial. They are blaming everything on COVID but seems that hasn’t affected our dividend payments from our stocks!

    2Reply
  • James W.
    Jersey City, NJ · Member since 2016 · 170 posts · 12 votes
    6y

    @James Rich

    I am an investor with them. Sent you PM please respond.

    @Derek Bao, @Kornel Kurtz, @Lori Buffington, are some of the investors with them also.

    0Reply
  • Kornel Kurtz
    Member since 2019 · 4 posts · 3 votes
    6y

    I’ve communicated w/ Four Peaks a few times, and understand where we are with my investment. I’m content for the time being.

    1Reply
  • James Rich
    Member since 2020 · 2 posts · 3 votes
    5y

    UPDATE....I also have talked with Andrew several times since my last post. He has reached out and we are working through issues caused by the COVID situation. I better understand his decisions to preserve capital to protect their parks and investors.   Obviously these are unprecedented times and hope we all will be stronger as we learn to deal with it. I still believe affordable housing is a great investment. 

    1Reply
  • James W.
    Jersey City, NJ · Member since 2016 · 170 posts · 12 votes
    5y

    Andrew also called me to give me an update. 

    I’m  happy to hear the progress that Andrew and Four Peaks are making on our investment. Its good to see that there are no issues at this point. 

    I know everyone is doing their best during these difficult times.

    0Reply
  • Brian Rhodes
    Rehabber · Glen Allen, VA · Member since 2010 · 49 posts · 18 votes
    5y

    Hello @David Calme, Could I get a list of the MHP funds you mentioned as well? Thanks so much!

    0Reply
  • Carrie Young
    Real Estate Investor · Dallas, TX · Member since 2016 · 19 posts · 18 votes
    5y

    Has anyone had an update?

    1Reply
  • Lori Buffington
    Investor · north Idaho · Member since 2017 · 24 posts · 8 votes
    5y

    They just issued an update but it didn't really say anything. I haven't received a distribution in almost a year. Surely they're collecting most rents, even during COVID. Does anyone have more info on Four Peaks?

    1Reply
  • David Stout
    Member since 2021 · 1 post · 1 vote
    5y

    Hello Everyone.  I invested 250K with Fourpeaks Capital in March of 2018. As of date I have received one payment of about 3K dollars.  On their website they promise returns of 8-20%.  Do not go near these guys.  They do not deliver on what they said.  Would be happy to hear from anyone else dealing with them.

    Thanks David Stout

    2Reply
  • Nicole W.
    Rental Property Investor · L.A. Ca · Member since 2020 · 121 posts · 43 votes
    5y

    @Ji Yang, I advise reading articles by @Ian Ippolito (also in BiggerPockets) online (google him) about how to vet sponsers and what to look at in a private placement memorandum. He is a very conservative investor and gives excellent advice which helped me a lot. Best to study these and do the correct due diligence beforehand so you are not disappointed in an investment. It is YOUR money and YOUR investment so ensure you do YOUR due diligence. If you buy a house you get a full inspection and check all its points, termites, roof, etc. So you need the checklist of what to look for in a sponsor/syndication. You can see just within this stream that there are upset investors with this group and some misunderstandings about how distributions are even made. This should all be known ahead. Covid was something unexpected and the way the sponser deals with it and the communication with the investors is also important to note. Also there is no scarcity of syndications/sponsors around for any type of asset class so no need to rush into it with one you are unsure of or think there are no others doing it. 

    1Reply
  • John P.
    Investor · Vacaville, CA · Member since 2016 · 433 posts · 249 votes
    2y

    I saw an ad for Wavemark Capital which led me to Mike Ayala on linkedin. That led me to this thread. Seems that the website Fourpeakspartners.com is not working any longer. Plus the reviews above sound very bad. Anybody have more recent info on these guys?

    1Reply
    • Sean Fannon
      Sacramento, CA · Member since 2012 · 4 posts · 2 votes
      1y
      Quote from @John P.:

      I saw an ad for Wavemark Capital which led me to Mike Ayala on linkedin. That led me to this thread. Seems that the website Fourpeakspartners.com is not working any longer. Plus the reviews above sound very bad. Anybody have more recent info on these guys?


       Avoid Wavemark Capital. They are in default on my investment and that of several other investors I'm aware of, and probably many more. Yet they are still actively soliciting investments in the fund. Disgusting.

      1Reply
  • Peter Halm
    Investor · Los Angeles, CA · Member since 2016 · 4 posts · 1 vote
    2y

    Invested with Four Peaks Partners 8 years ago in a MHP. Have never received a distribution and It’s extremely difficult to get communication and financials. 
    I understand that not all deals pan out as pro forma says but at least yearly updates are essential, quarterly even better. Silence is not acceptable. 

    0Reply
  • Peter Halm
    Investor · Los Angeles, CA · Member since 2016 · 4 posts · 1 vote
    2y
    Quote from @David Stout:

    Hello Everyone.  I invested 250K with Fourpeaks Capital in March of 2018. As of date I have received one payment of about 3K dollars.  On their website they promise returns of 8-20%.  Do not go near these guys.  They do not deliver on what they said.  Would be happy to hear from anyone else dealing with them.

    Thanks David Stout

    How is it going? Did you get principal back?
    0Reply
  • Peter Halm
    Investor · Los Angeles, CA · Member since 2016 · 4 posts · 1 vote
    2y
    Quote from @Carrie Young:

    Has anyone had an update?

    Hi Carrie

    do you hear anything from Four Peaks?
    0Reply
  • John P.
    Investor · Vacaville, CA · Member since 2016 · 433 posts · 249 votes
    2y
    Quote from @Peter Halm:

    Invested with Four Peaks Partners 8 years ago in a MHP. Have never received a distribution and It’s extremely difficult to get communication and financials. 
    I understand that not all deals pan out as pro forma says but at least yearly updates are essential, quarterly even better. Silence is not acceptable. 


    YIKES!  That doesn't sound very good. 

    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    2y
    Quote from @John P.:

    I saw an ad for Wavemark Capital which led me to Mike Ayala on linkedin. That led me to this thread. Seems that the website Fourpeakspartners.com is not working any longer. Plus the reviews above sound very bad. Anybody have more recent info on these guys?


     I'm in the Wavemark income fund and am getting paid my distributions

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    2Reply
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