All Forum Posts by: Sam Wilson

Thanks for sharing. When you have the written ruling please share. I can't seem to get on the email list. Much appreciated.

@Mark F. That's actually great news.  I hope it goes as planned. Can you copy that update? Despite all attempts, We've never received a single update. Also, I wonder how to update banks...you can't change it on the website, and if they're running a skeleton crew- good luck. I'm in the same boat as you. Our SDIRA custodian sold and our bank info has changed.

I can't ever seem to get included on the webinars or email updates. If anyone has info in the future about an upcoming update, please post the info here. I know it is a lot to ask, but I also know others have posted the same thing and would greatly appreciate it. Thank you for the updates above. 

@Carrie Young Excellent analysis. We will recover in total about 50% of our initial investment in this as we too were early to the table and elected to not reinvest. Unfortunately...I happen to have a front row seat to the Touzi one as well. Good times.

Basically- As investors, we're hosed. If you think otherwise I'd love to hear it, but this is not the first time a company has gone belly up and investors have lost all their principal. The likelihood that any scraps will be left after the lawyers get paid and other suits are settled is quite low. Any return of principal- 10% would be a home run in my opinion.But that too seems statistically unlikely. If you've not read Debt Cleanse, you should. It will give you insight into how Jorge will think about your investments. Chalk these losses up to tuition.

I've not heard a thing. Checked info online and should be getting some sort of updates, but nada. If y'all here of a webinar etc I'd be grateful if you posted it here!

yep, you're not wrong. What I have found is that we can get the house set/landscaping/driveway done turnkey for the same or less cost than what clayton homes charges to just set the house. They like to 2.5x the cost of anything just because it says Clayton Homes on it. It is akin to adding the word "wedding" to anything. Suddenly the price skyrockets for no apparent reason.

I have a few lots in Rock Hill, SC that have previously had manufactured homes on them (mobile homes not modular). We want to find a contractor/turnkey company that can handle the whole process of setting the home/driveway/landscaping/ ready for sale.

We have such a provider in another area, but not any contacts in Rock Hill. Does anyone have a recommendation for a turnkey company like this?

All the big players such as Clayton etc all set the house only, but don't have the finer details.

I'm in the middle of a few deals like this now unfortunately. It seems the finger pointing happens when things go south. I believe the best course of action right now is to assume that this all ends in nothing for the investors and attorneys fees for the attorneys. After that, I expect very little. A bit of a bummer but I guess this is the way it goes when we venture into less tried tried and true investments. If anyone does have a webinar replay link I would love to get a copy of that. Thank you. I never received the initial invite.

@Jorge Newbery thank you for the reply. I'll look for the webinar.