Norada Real Estate Investments -

[Shivani Anand]

Good day - has anyone got any recent reviews of Norada Real Estate regarding how efficient they are and whether their turn key properties make good deals?

Thank you

[Cedric Van Duyn]

Marco seems like a great guy to me and I liked the Investment Counselor I was connected with. However, the 3 SFH's I purchased in Kansas City have been a money trap due to constant costly repairs, constant tenant turnovers and thus constant re-leasing fees (1 full month rent each time), non-rent payments, eviction, etc. Rental Projections from the Norada Website were not met on these properties and as a result cash flow margins have been less than expected, leading to negative cash flow overall since purchasing these properties.

You should be aware that Norada hands you over to the local provider and then you are working with that provider going forward. If I could go back in time I would warn myself against the investments I was encouraged to make. Currently trying to figure out how to extricate myself from the situation I find myself in.

I don't think Norada is shady, but I would say be very careful that you don't end up with thin margins and constant heavy expenses like I have.