Has anyone had Experience with Equity Build?

Question

I'm considering a small investment with EquityBuild Inc., who appears to be a firm dealing in notes for multifamily properties, claiming 15-18% return for an 18 month term.

Has anyone had experience investing in this way, or with this company?  Pros & cons?

Michael Gansberg · Answer

@Scott Brandt - it's a common problem you've run into. Rather than farm out the work to people you don't know, you'd probably be better off hiring management that you do know- either way, via Equity Build or a manager, you're going to be giving a cut of the rent to someone. May as well have direct oversight, don't you think?

Kim Younkin · Answer

Account Closed, I am also interested in this company. They push out info through a LinkedIn real estate investor group that I joined, and I have been wanting the same information you asked for. Hopefully my note will push us out into Trending and we will get some responses ...

Chuck McEvoy · Answer

I have investing with EquityBuild for the last 14 months. I choose to lend using my SD-IRA funds on different Chicago multi unit projects that have 14-17% rates of return. My monthly payments have been received on time without issue. Two of my maturing loans have been extended 6 months at the same rates of return. So far, I'm thrilled

Scott Brandt · Answer

So, am I just a money provider or a property owner in these situations? The company representative has discussed buying a property, renovating it and then providing net rental returns.  Are you stating that I would be co-owning the property with additional people or, just  providing money for someone else to buy the property? I do not want to be a lender.  My goal is to be the owner of income-producing real estate.  Are we talking about 2 different concepts here from different departments of the company?

Jay Hinrichs · Answer

@Scott Brandt  if your looking to lend money.. just do it locally.. no reason to go so far away.

Also when and if you get into the nuts and bolts you will see the deals are what are called fractionalized in other words multiple beneficiary's on each note.

Now your a take charge guy ... what is going to be your position if a note goes bad and you have 10 partners on the note all over the US.. and you don't even know who they are have their contact info ext.. is the risk worth it.. these deals when they go bad are very tough to unwind.

Scott Brandt · Answer

I like the option of having them do everything.  I am so busy with the properties I have purchased I would not be able to do the additional work handling them

Michael Gansberg · Answer

@Scott Brandt - from the crickets this thread is getting, I think it's safe to say that not many people are taking advantage of EquityBuild(or being taken advantage of?) From your post, it seems that what you're doing is working pretty well. Why not stick to that? Continue to grow, learn, improve operations, that will probably give you your best yield.

Scott Brandt · Answer

Over the past year I have gone from having 1 tenant to 14 with relatively good success purchasing properties on my own and was able to retire last month at age 53. However, I have been talking with equity build over the past year and recently resumed talks about possibly investing in the properties.  However, I still would like to know more about the company  and their operations,, as I did hear that they did have problems in the past.  From some of the posts I have read, it appears  they have  corrected some of these problems now..  I am trying to decide if I should move forward.  Any advice would be appreciated..

Has anyone had Experience with Equity Build?

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