10 October 2025 | 459 replies
From what I have read through the external links on this company and its business model.It appears that Norada has loans with high risk businesses that pay 20% to 25%.Norada raised capital and offered investors interest rates of 12% to 18% depending on how long you were willing to loan Norada the money.Norada's income was the difference between the interest it received and the interest it paid.However, it appears that Norada's investments stopped paying interest(It appears that its been that way for a while) which resulting in Norada to stop paying interest to its investors.The ability for Norada's investors to get paid back falls on three scenarios1) Were the investments that Norada had secured or not and whether it can obtain any of its original investment back2) If the investments are not able to pay back, what does your equity position include?
6 September 2025 | 41 replies
Not sure what I did wrong, but it appears I am not able to start a post for questions, but looks like I can answer post fine.
5 September 2025 | 2 replies
Right after the contract with CRS ended I got a long term lease signed for 3 yrs (Husb wife and toddler) Fast foward 1.5 yrs from the contract ended with CRS, signs of waterbacking up here are there started .At first it was backing up in the sinks ,then it started bubbling in commodes when commodes are flushed .We would do a plunger and it took care of it .One day the entire standing shower and tub shower backed up with poop.Now it was serious so we did a professional sewer scope and found feminine products clogging up the main sewer line .It was an expensive 11k repair .Had to dig up the main line in back yard and cut out a section as homedepot professional grade snake was not able to clear the line .Once the section of sewer line was cut it was found as tampon clog.The tampons were identified by the plumbing company to be 1 +yrs old .I contacted CRS about this and they denied and refused to make a damage payment .I had to eat it up.
5 September 2025 | 11 replies
Are you not able to get a regular SFR loan?
31 August 2025 | 5 replies
This would protect the owner if the tenant was not able to pay.
3 September 2025 | 21 replies
I personally think folks on here minimize the ease of out of state investing but there are definitely risks vs benefits to prepare for when not able to vet your own purchases.
29 August 2025 | 0 replies
I'm not able to attend 2024 BPCON in Las Vegas this year unfortunately, and I have one general admission ticket available.
5 September 2025 | 23 replies
I expect @Julius Vincent is correct, but I have notes from a few years back from a podcast with a publicly notable tax advising expert.
29 August 2025 | 11 replies
@Basit Siddiqi Yes, well that's what I'm doing now, I'm actually trying to strategize and create a system that works, however I think I am still learning how to virtually wholesale and some things such as gathering the end buyer and my seller seem like a bad idea if I am not able to physically be there.
29 August 2025 | 3 replies
It's not that he is not able to help with funding, it's that his current living arrangement presents risk to lenders considering he is not a homeowner currently and I am.