All Forum Posts by: Harish V.
Harish V. has started 3 posts and replied 191 times.
Post: Housing crash deniers ???
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Carlos Ptriawan:
I am a buyer for credit investment now, but not for equity investment as the market can whipsaw anyone.
The only thing you can do is be strong in financials to be able to buy cash/without loans. From 2008 to 2012 no bank will give a loan even to buyers strong enough. 2013 banks changed all of sudden, and so did market.
Lets see how long it takes this time.
Post: Cheap source for those 2" faux blinds?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Thanks, they have them online.
Post: Cheap source for those 2" faux blinds?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Patricia Taveras:
@Carrie K.
I have bought a bunch of these for cheap at walmart - Better Homes and Gardens brand. I was lucky enough to find them twice on clearance.
How is the qualify of the Walmart ones? Do these hold upto weather? I read some reviews that they wrap. Also, can these be trimmed if required?
Post: Tenant threatens to withhold rent?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Bruce Woodruff:
Not paying rent will be breach of lease and may result in start of eviction. However, tenant is entitled to quiet enjoyment of the property. They may ask to be put in hotel if they see dogs as unsafe or disturbing quiet enjoyment. Check with lawyer what's the burden of proof for quiet enjoyment.
Post: Recommended Real Estate Syndications with Bay Area Office?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Account Closed:
Hi,
I am currently looking into Real Estate Syndications as I'm looking for more passive cash flow. I'd want them to have an office in the Bay Area, so I can drop by and chat.
The following names have popped up in my search.
- Praxis Capital
- Grocapitus
Has anyone worked with either of these?
If so, can you talk a little about the deals and how they handled a deal that went sour? If you aren't, can you explain who you have worked with? Also, if you have also had a deal that went sour or if there was a capital call or dilution of the original investment.
Would love to also hear about what to expect? How to "run the numbers" for these kind of deals?
Thank you
Grocapitus does not publish any address. You cannot talk to them after you give money, unless they want to talk to you. So that probably does not meet your criteria.
Post: To Sell or Rent my house San Francisco Bay Area
- Investor
- Fremont, CA
- Posts 195
- Votes 112
1. Values fall or remain stable but rents increase.
2. Recession - values fall, Rents stall.
since you have equity that you can take out tax free you should consider it. In both above cases to cover tax benefit of 60k to 100k+ bases on 30% to 50% tax including state tax is precious. Whether you buy another or park in treasuries is another decision to consider. I believe once you decide to sell. Consider how situation looks like then decide.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Pat Marco:
Neal Bawa is an intellectual cheat. He likes to present figures and will burry you with data and at the end his performance is way off. Talk to any investor other than me and hear the confusion and BS we are getting. It is a matter of time for Grocapitus to get fined or get shut down. or He may rebrand once more or try to hide behind someone else. he does not do the underwriting, just the power point. Have you ever even tried to ask questions on their live presentations? they never have an answer. Over promise and under pay then keep delaying. Investors get stuck and cannot cash out because of tax complications. He is never reachable.
I hope more people come forward to bring forward the reality. I have been branded as just no-fact Cryer to undermine my valid experience based on technically of junior partner, old company etc. I am sure rest of you will have learning experience of your own soon and will agree with me. The post above is in line with everything I have said in this thread.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Harish V.:
Quote from @Kaustubh Johri:
Whats the latest on Grocapitus ? Is there still any steam left in the company or is just another marketing gimmick..like Morris Invest. Google Morris Invest and you will be shocked.
Oh yes and selling to yourself does not count as selling, even if you match highest bidder. You could have as well restructured deal and provided deal improvement instead of trying to milk 5-6+% commissions on the new deal from invetors. Long term intelligence of this move is to be seen.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Kaustubh Johri:
Whats the latest on Grocapitus ? Is there still any steam left in the company or is just another marketing gimmick..like Morris Invest. Google Morris Invest and you will be shocked.
Post: Recommended Real Estate Syndications with Bay Area Office?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Jay Hinrichs:
Quote from @Account Closed:
Thank you @Jay Hinrichs.
After some searching I found this which doesn't speak highly of them: https://www.biggerpockets.com/...
two sides to every story of course I dont know them .. just remembered the name.. I met the owner at a J. Martin Event in Oakland I was speaking at.. Brian Burke was there as well.