Investor · Lynchburg, VA · Member since 2016 · 39 posts · 25 votes
I was searching for a PPR Review within the last year and I think the most current one I could find was from 3 or 4 years ago. I wanted to confirm that to date they have never missed a payment and always returned principal?
I'm new the notes world and frankly the 3-year locked in PPR preferred return of 12% seems almost too good to be true if they in 16 years have never missed a payment or failed to repay principal. Obviously past results are not necessarily indicative of future performance, but it seems like a great investment for accredited investors to get a low-risk, solid return in exchange for some illiquidity.
I can also vouch for Dave VanHorn and PPR. I have been a PPR investor since 2019 getting anywhere between 8% to 12% return over the years with no payments ever missed. I have found this much easier than being a private lender. I also usually compound the return by reinvesting my payments, so the present 12% fund effectively returns 14.38% which is pretty awesome.
I do have a fairly high percentage of my net worth (35%) in the PPR fund. Does anyone have another good fund similar to PPR that I could get some diversification? Please advise. Thanks!
If you are worried about the value add portion of the reliant income fund then take a look at 7E investments as they are 100% notes. At the end of the day you have to trust the management team to navigate the zoning, construction, and inflationary costs of an asset. There are definitely some situations where the multi family guys are hurting because of rising costs, especially those pesky interest rates. Might be a good time to buy one of these multifamily on the cheap from a distressed owner!
Just wanted to follow up on this and whether anyone has put their 401k funds in any of PPRs funds. Obviously it concerns me to that but I wanted to see everyone else's experience doing that in the even it does make sense. Leaving it in an S&P 500 fund right now concerns me too given market prices so this may very well be a better option. Thanks in advance for any help.
I did this in 2023 and regretted it because the S&P over that time has way out performed the PPR funds. I had the same exact logic as you, but it didn't work out. I had no issue placing the 401(k) funds there. Just the decision to take the money out of the S&P at that time was a poor decision
With all due respect @Arthur Johnson I think this is not the right way to assess your decision to invest in PPR. Yes after the fact, we know that the stock market has returned 20%+ per year that last 3 years, while PPR offered a 12% pref with no upside, meaning the most you could make was 12%.
But we must assess the decision at the time you made it. To use a poker analogy, if you went all-in with pocket aces pre-flop and ended up losing the hand, you can't say the decision was wrong.
Now there are plenty of good reasons to suggest investing in PPR was a bad decision, just not comparing it to stock market returns after the fact.
I did at the beginning of 2026, before they reduced the preferred on future investments, and so far I'm pleased with the decision and plan to invest more. Let me add that my decision did not focus on comparing the preferred return vs my higher stock market returns and instead was part of my diversification and risk reduction strategy.
@Hank Hernandez I am invested too. Just be aware there was some uncertainty mentioned above in the thread where some redemptions might not have been honored on time which has some of us a little on edge. Hoping they will continue to perform.
Thank you Joseph! I went back through the mentioned thread and found the responses you mentioned. While I currently have no need or desire to redeem any of my investment, I will be monitoring more closely and hoping as you are they will continue to perform as they have for many years in the past.