Joint Venture Issues with fix and flipper
Hi everyone, I’m looking for some insight or a status update from anyone familiar with Bonic Homes LLC or Africa Estrada. I met her and Mary McGinty through a local real estate meetup program earlier this year.
I entered into a Joint Venture (JV) agreement in March 2026 to fund the renovation of 1425 D Street, Sacramento. Per the agreement, I provided $25,000 in capital.
The Issue: Since funding, communication from Africa Estrada/Bonic Homes has ceased. I have not received the monthly reports required by Section 17 of our agreement, and my calls/messages are currently going unanswered.
Has anyone else worked with this team or Mary McGynty recently? I’m trying to determine if the project is still moving forward or if I need to initiate the arbitration process as outlined in our contract. Any information on the current state of 1425 D Street would be greatly appreciated.