All Forum Posts by: Jeff Fortuna

Sorry to hear that. For people reading this - I don’t know the sponsor and this is a general comment but if a sponsor had issues reporting to their customers that should be a giant red flag. Communication and trust is the key to any fund.

The reason the ss works is because the operator is motivated to collect rents and create value. The fund that Scott sold me has very poor directors (fat cats that are very rich and sleep in all day) the ceo is trying to manage 8 properties all over USA

I dont know this fund but I do know Scott and have been to some of his training events and met many folks who took his training and a few of them I have followed over the years and they have built monstor business's really something.. I suspect this will all work out as its the SS space not MF

0 Votes

There are no distributions. The ceo told me it is now a growth fund; although 3 yrs ago the salespeople (Scott Meyers) told me that it takes a few months for the distributions to start;

there are 2 types of syndications. 1. Sales pitch oriented 2. Operations oriented. I have learned the hard way to kindly choose operations oriented deals. It’s really frustrating because I am in some other ss funds and they are doing very well.

1 Vote

It’ll be well north of 16 irr when everything is done

0 Votes

Quote from @John McKee:

I do like the industrial sector and I can see the stability in it, just like you can with mortgage notes. I too care about the reliable cash flow and not so much about the overpromised value add. What kind of returns are you getting? @Jeff Fortuna

@Dan Rowley

0 Votes

I am in 2 mobile home CRE Funds and both are distributing an annual distributions north of 8 percent. I am also in a few of the crystal view funds that invest in self storage and they are distributing 8+ annually.

It is not that self storage is a bad industry right now it is the skipper running the cre. a great manager can make a poor location produce! And……I have seen great real estate locations become destroyed by bad management.

0 Votes

Quote from @Jeff Fortuna:

I’m in his Tricore storage fund. I would not invest again. There has been no distributions for 2 yrs. There are no quarterly reports.

2024 q1 and q2 are over and the storage fund has not issued any distributions because the income statement is losing cash. I do get promises.

3 Votes

I’m in the mag industrial fund and I would invest again… which I did in the mag Broadview in San Bernardino area by the college. Mag has great reporting and great returns. I’ll invest in their next deal. Great cost seg.

0 Votes

I’m in 3 debt funds. The only negative is that I do not have them in my 401k. I pay taxes on the 12.5-16 percent they return. I am in the Dwight fund, Pelorus fund and the Sortis fund. All are A+

0 Votes

I am in cvc3 and 4. Cash on cash is 7-8 percent. Great syndications. Great investments

1 Vote

I’m in his Tricore storage fund. I would not invest again. There has been no distributions for 2 yrs. There are no quarterly reports.

2 Votes

All Forum Posts by: Jeff Fortuna

Jeff Fortuna has started 2 posts and replied 14 times.

Post: Who Has Done a Syndicated Deal with Scott Meyers?

Post: Who Has Done a Syndicated Deal with Scott Meyers?

Post: Mag Capital Partners

Post: Mag Capital Partners

Post: Who Has Done a Syndicated Deal with Scott Meyers?

Post: Who Has Done a Syndicated Deal with Scott Meyers?

Post: Mag Capital Partners

Post: Real Estate Private Equity Fund vs Real Estate Debt Fund

Post: Crystal View Capital

Post: Who Has Done a Syndicated Deal with Scott Meyers?