anyone w experience with holdfolio
anyone out their deal with a company called holdfolio
Their pitch is u have a piece of a 10 property portfolio where they hold and rent some and flip some.
Claims a 15-20% monthly
My antennas went thru my head because it just doesn't sound feasible
from prior investors this company at times not pay their investors.because a given project is not entirely 100 % rented out..check past posts about them
I bought in on 8-22-17 with $20,000. I have been paid $1,216.28. So I have made 6.08% in 18 months, so right at 4% annually. If you give them a little credit for the slow startup and rehab time, it is maybe a little better than that. To be specific to your question, Luke, I asked to sell out and I was denied.
my opinion is don't do business w this company....do your own due diligence..check their reviews
Not good !
I started looking at Holdfolio a few years back when they were doing SFRs bundles in Indy. I was researching different passive REIs and spent considerable time looking at various income models. Crowdfunding was getting to be very popular around that time and i was intrigued by the concept. The promise of big monthly checks and tax write offs were like the songs of the Sirens luring me from the safety of my ship into the deadly shoals. The concepts were so simplistic and required no effort but writing a few checks. Yet that in itself was the rub. Papa had told me that if someone offered me a deal that looked good, sounded good and they would do all the work (I just needed to fund it). Then it was more than likely a good deal for them and not for me.
I'm not against crowdfunding. I'm sure some people are making good money in crowdfunding. I'm just not sure it's the investor. They tend to be the last ones that get paid. The person that controls the money tends to keep the most of it.
There are some good passive income opportunities out there. I personally don't think crowdfunding is one of them.
Regarding Holdfolio, I just had to add my 2cents. I've been investing with them since 2016. I have 3 separate investments. I've seen regular dividend payouts the highest if I annualized was 7% the lowest 4.09% Not super high but I'm comfortable in that I'm not getting phone calls for repairs etc as I am with my other rental properties. I don't have all my eggs in holdfolio but I'm happy to have a few. I was just online looking up the company because I was considering buying a fourth holding. When I saw the negative comments, since I have never experienced a problem, I decided to pipe in.
Good luck all!
I'd also like to add my $0.02 here as I've invested in two syndications with Holdfolio and am considering a third. I've had one investment with them turn out to be a dud (the investment itself) but I still got my money back, a small profit, and the majority of quarterly distributions on the way. To be more specific, this was a 50-unit multifamily property in Indiana that I invested in in August, 2017. The end of that year and in 2018, things got rough and a couple of distributions were not paid. It's not because Holdfolio decided to hold the money (although they do structure their deals so they're compensated nicely - and they should for doing the hands-on work that none of us want to do), but rather because the property had higher than expected expenses/lower than expected occupancy/etc. As frustrating as it was, I kept patient with Holdfolio and eventually they were able to sell the property at a profit and pay all the cumulative preferred dividends that were missed. Not all their deals have preferred returns, but the ones that do (and generally I only invest in ones that do), they typically make up the payment along with way. In other words, an occasional "missed payment" isn't necessarily gone forever.
The second deal I invested in with them was in December, 2017. I'm still in that deal and it appears to be one of the better ones they've done. This is an 80-unit multifamily property in Indiana. There've only been two quarters of no distributions: one in 2018 and one during COVID in 2020 that was made up for with Q2's distribution. I'm in another syndications as well and virtually all operators suspended investor distributions as a responsible and preventative measure. I think we would all agree that we'd rather have a suspended distribution (that is later made up for) by being preventative than having something go awfully wrong and losing the property (and, in turn, our entire investment in the syndication). It's called being prudent.
I'll be the first to say that I have, and will continue to, review upcoming Holdfolio deals carefully (as we all should) and I'm quick to pass on an opportunity that doesn't meet my criteria, but with that said, I think they're doing the best they can and learning from their experience. I can honestly say I can be a PITA at times, but in all my dealings with @Jacob Blackett, he's been nothing but professional and communicative. I think the people trolling on here that haven't invested any money with them really need to rethink the message they're putting out to the universe, especially for potential future investors who often go off of what others say.
Good experience? Great, please share.
Bad experience? Also great, please share.
No experience? Probably shouldn't be on here flaming. Just saying.
With that said, we all should ALWAYS do our own due diligence on any investment opportunity we're considering. I know I do.
@Mark S. thank you candidly sharing your experience.
Sterling White left Holdfolio and founded Sonder Investment Group in Indianapolis. That's who I would invest with. They currently have 3 multifamily invesments.