Recent Experience with Western Wealth Capital/Other Operators
I have been to several meetups lately and there have been several comments about several deals with Western Wealth Capital running into trouble recently, but no one could give me any specifics. If anyone has any direct experience with any deals running into trouble with Western Wealth Capital (or any other operators/capital raisers) please let us know as it is likely there are many more operators in similar positions if they purchased over the last 2 years. I realize it is nice to talk about things when they are rosy, but likely the best time to discuss these things is when they are not.
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I have come to the conclusion that buying properties that are too overpriced to support fixed debt, is hardly an investment.
When you are getting down money from other people's money, with floating debt, it's a speculation.
Alas I was dumb enough not see initially. I am likely going to be paying approx 300K stupid tax on their account.