BawldGuy Note Investment Group I, L.L.C. - Ghosted / Fraud

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BawldGuy Note Investment Group I, L.L.C. - Ghosted / Fraud

Vilson Nikollaj
Real Estate Broker · Miami Beach, FL · Member since 2014 · 65 posts · 11 votes

Anyone invested in BawldGuy Note Investment Group I, L.L.C. (SEC Form D Filing 0001678049)? 

The fund started off fine, then then always given false promises and nothing written down. Jeff "Bawldguy" Brown was one of the original Bloggers on this site that got me more involved in real estate.  No activity in years. 

Business is still runnning under https://bawldguyinvesting.com/

1) California Statement of info hasn't been updated in years 

2) Still lists Jeff's old home as his address

I heard rumors of someone defrauding a note fund years ago and a couple of lawsuits which is typical, but wanted to see if anyone has any information.

2019 https://www.edcombs.com/blog/2019/march/bgnf-group-llc-fka-b...
2023 https://www.nclc.org/wp-content/uploads/2023/07/horne-v-harb...

Next step is filing a complaint with the SEC and contacting attorneys.

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Mike FitzPatrick
Member since 2024 · 12 posts · 6 votes
7mo

Hey Charlie, I spoke to Jeff earlier this month.  The property in Dana Pointe sold in late December.  I asked hom to send out an email with the fund status and redemption plan.  He said he would but haven't seen it yet.  He's had some challenging health issues over the last re months.  I'm going to ping soon if I dont see the email come out.

Hope this helps. I think its been trying for all of us involved with the fund.

Be Blessed!

Mike F.

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  • Mike FitzPatrick
    Member since 2024 · 12 posts · 6 votes
    1y
    Yes, I invested with Jeff in this fund (BAWLDGUY NOTE INVESTMENT
    GROUP I, I don't see the SEC filing number but I think its the same one), in 2016.  We've only gotten two payments over the years.  I'm in contact with Jeff a couple times a year and it seems distribution to this Group is always right around the corner but it hasn't come to pass. Last contact I had with him said that he hoped distribution would come out in 90 days.  That was a couple months ago. I really hope that works out.  We have quite a bit invested.  I'll let you know.

    Note that Jeff has steered us toward other investments such as PPR and a house in Dallas in which he was the realtor (and only charged us 1/2 of what other realtors normally do) that have worked out VERY well.

    Mike F.
    0Reply
  • Tom Stainner
    Real Estate Investor · Park City, UT · Member since 2014 · 2 posts · 0 votes
    10mo

    I have invested with Jeff for a number of years as well. Part of Bawldguy Investment Group 1. As I heard here, I have had a few conversations with Jeff over the years also. Only 6 months ago, I talked with him about getting out of the fund. He told me I’d have to wait until certain investments had been sold. I called yesterday, 12/4/25 and only got a voicemail. 
    Like others, his email doesn’t seem to get to him. The office doesn’t answer. 
    Lawyering up soon. 
    If anyone has any good information, please pass it along. 
    - Tom S.

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    10mo

    I am curious if any of the people listed on his website are familiar with him putting them on the website. 

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Mike FitzPatrick
    Member since 2024 · 12 posts · 6 votes
    10mo

    Tom, did you attempt to get on his calendar?  That seems to be the way to contact him.  I'm going to ping him again after the new year.

    I'd like to know if there are other Bigger Pockets folks that are part of Bawldguy.  Be interested in discussing interactions.

    Thx,

    Mike F.

    0Reply
  • Mike FitzPatrick
    Member since 2024 · 12 posts · 6 votes
    10mo

    I talked to Jeff tonight.  Their calendar wasn't working but they know about it now.  Try giving them another call.  They have some updates.

    Thx,

    Mike F.

    0Reply
  • Tom Stainner
    Real Estate Investor · Park City, UT · Member since 2014 · 2 posts · 0 votes
    10mo
    Thanks
    0Reply
  • Henry J.
    Monterey Park, CA · Member since 2014 · 157 posts · 80 votes
    9mo

    Hi all,

    Been trying to connect with Jeff for a few days but I haven't received any reply via email.  Tried to schedule a call with the link as well as through their site but neither was working.  Just left a VM and waiting to hear back.  If anyone has had any luck reaching him recently pls let me know how.  Much appreciated.

    Henry

    0Reply
  • Charlie Day
    Member since 2026 · 2 posts · 0 votes
    7mo

    Any updates? Last I heard, the fund is liquidating and they were waiting

    for one California property to sell. This was about one year ago.

    0Reply
  • Mike FitzPatrick
    Member since 2024 · 12 posts · 6 votes
    7mo

    Hey Charlie, I spoke to Jeff earlier this month.  The property in Dana Pointe sold in late December.  I asked hom to send out an email with the fund status and redemption plan.  He said he would but haven't seen it yet.  He's had some challenging health issues over the last re months.  I'm going to ping soon if I dont see the email come out.

    Hope this helps. I think its been trying for all of us involved with the fund.

    Be Blessed!

    Mike F.

    2Reply
  • Keith Martin
    Investor · La Crosse, WI · Member since 2014 · 22 posts · 4 votes
    2mo

    Hello ... I have a brother in his fund.  Anything recent?  He's been dodging calls.

    0Reply
  • Charlie Day
    Member since 2026 · 2 posts · 0 votes
    2mo

    Hi Keith,

    Gregg Wood (one of the partners allocating capital for the fund) sent me an update about a month ago (I think many investors received it). The gist of it is that some of the projects lost money and there's still a lot of assets left they're hoping will be a net positive. There remains a lot of capital tied up in Utah. 

    It doesn't look like there will be any distributions anytime soon. 

    I've been trying to get out of another (pure) note fund since 2024, and I've only received half my capital. I'm guessing the Fed taking rates from 0% to 5% in less than 2 years did a number on REITs in general.

    0Reply
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