All Forum Posts by: Craig Salzer

I received a note today that Norada was "temporarily" stopping payments.  Not a good sign.

I don't believe there is compounding.  Norada pays you monthly interest on the note and a lump sum payment at the end.

Did they provide another update?  I'm assuming another update will be coming shortly, although I don't expect much progress.

 Mike - I just saw about the event now (about 3 hours too late!).  If you have any info, I'd appreciate it.

 What other project have you heard the builder is struggling with?  This is my first and last experience with Wagner Nolasco and his group.  Not impressed at all.  Other builders in FL seem to be navigating and completing projects.

Looks like they just released another update video.  More delays.  Wagner said they are looking at May for completing the Phase I builds.

Just heard that we should be getting an update on Bennah Oaks in the next day or two.  We'll see if any progress has been made.

It's been a few years on this thread.  Anyone have a good update for particular areas to invest/avoid?  I'm looking at some of the properties offered by the turnkey providers.  Thanks.

I received an update from Tai on Bennah Oaks this week when I asked about construction costs, etc.

"As of now the builder is keeping the price of the property as it is. We are not aware of any price increase so far.
We will inform you in advance if there are any changes."

 Sorry a little late on this chain - but I'm in the market for a property management company in Muncie.  Still Clemmons?