All Forum Posts by: Haresh Patel

I am waiting for the PIC team to respond and I am hoping its a miscommunication. Will update as I hear. 

Hey, 

Has anyone here invested in passiveinvesting.com's PIC5 car wash fund? I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K. Reach out. 

Thanks, 

Haresh

@Roopesh Krishnamoorthy

Finding cash flowing SFR is going to be a challenge (especially since you are looking for a primary at this point) and if you leave (H1B lottery) then do you plan to continue to fund any shortfall from India? Going to be challenging. You will also find hard to refinance it (lower interest rate expectations in future) if you are not in the US.

Better off investing in Indian RE till your visa issues are sorted out. Indian RE has been on a tear. Land assets have 3x-ed in last 2-3 years. So, look for opportunities there. Just my 2 cents.

@Brandon Smith Westrom Group. Been using them for 6 years and very satisfied.

https://www.westromgroup.com/

@Orrett Lawrence

Your PM should be handling this. You pay him/ he to follow processes and resolve issues. They should be just informing you not asking you what to do.

Look for a new PM as well.

@Dominic Nguyen

Yesef Cordero in Grand Prairie. We did one transaction with them.

Hello,

Been in touch with Von Finch Capital and looking at their offerings (Denver based syndicators) and like what I see but would like to hear from people who have invested with them. Any feedback, good or bad, will be appreciated.

Thanks,

HP

@Chris Lo

Have you thought about ARM loans? Rates are going to drop so you will refinance in 2-4 years. My friend got a quote for 5.375% in CO 7/6 ARM.

@Carlos Silva

Tenants are never going to water enough to protect the foundation especially during our increasingly hotter and longer summers, especially if they are paying for the water.

I got programmable foundation soaker system installed and is serviced 4 times a year by the vendor. Totally worth it. Look up foundation guys/ foundation shield. (If you do call them give my reference. Think some discount on ongoing service for you and me).

https://www.foundationshield.com/

@Sean Keller this is specific to North Texas. We have clayey soil here, which contracts when you don't water it and foundation moves.