All Forum Posts by: Harish V.

Wow long thread. Lot of knowledge. This reinforced learning for me that if something is too good to be true, it probably is not true. Will add it to list of deals/situations to stay away from. 

Good for you. I have learnt that this is the best way. Neal Bawa has best fake data anyone can have. Here is proof.

PowerPoint Presentation (grocapitus.com)

34% return for phase 1, 26% phase 2. Construction loan Jan 2019, Operating period from Aug 2020. Right now they have not found anything of construction loan on this project and looks like dont intend to. They punt every Quarter. I like the data, Just hope watched from sideline and only liked not invested.
 

Oh What do you know @Eric Bleau, the buffalo investment I am talking about is on Grocapitus website too. 

PowerPoint Presentation (grocapitus.com)

@Eric Bleau BTW grocapitus project The Grid is with same investment company that is running Buffalo project with that I invested in with Financial Attunement, that is Blackfish investments.  Just saying Mr. Neal Bawa is still swimming in same circles.

 Any crash has been temporary, always. By temporary it may mean few year to several years. Please understand, crash is always a liquidity event, not a valuation event.

Valuations go down to meet margin calls thats about it. Fed/Govt/Banks will need to make sure valuations return back to previous level, otherwise they are left holding the bag. That cannot happen.

Equity will not help you in liquidity crunch. Please make sure you have 6 month payments for all properties together. 1 year if you want to be conservatives. You need to be able to protect yourself from lenders in case of a liquidity event.  

The issue usually is liquidity not leverage. Please make sure you have 6 month reserves. Be dynamic to lower rents when required to get tenants in. You will maximize chance of success. Surviving such time, if encountered, you will come out stronger.

If you advisor is trying to get you to diversity, you need to work on that in long run. May not be immediately.

@Eric Bleau I would like to hear from people having cash flowing and exits through Grocapitus. Trying to distance away from financial attunement is like Morris Invest/SDIRA Wealth. just buying time. Its a costly mistake for any investor to think things changed. There are plenty of firms which were never dishonestly managed, no need to only look at rosy projections, which may not be backed up in long run and not at management past.  Thats what I did investing in Buffalo. They gave examples of other deals cash flowing or near exit. I never verified with investors. My mistake was believing Neil/Financial attunement. I have been very patient with my investment. Now I am getting impatient..

As I said. I would like to see exits from some projects. 

@Steven Huynh  Numbers like these only tell you how many people have invested with them. It does not tell you anything about anyone who got their dividend or principal back.

I fell for it and invested in Buffalo project. It worked wonderfully till the dividend came due. Now they are just postponing. The IRR projected was 30%. Now they are trying to sell the unbuilt project to someone else. Already tried to restructure the deal once. If they really had 500+ investors happy, none of them can defend them here on bigger pockets?

If you really believe that.. i wish you luck, please invest with them.

Anyone invested in this that has cash flowing, please share your experience.