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Updated 2 months ago on . Most recent reply

Haresh Patel's profile image
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Haresh Patel
  • Investor
  • from Irving, Texas
  • Member since Jan 20, 2015
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Haresh Patel's profile image
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Haresh Patel
  • Investor
  • from Irving, Texas
  • Member since Jan 20, 2015
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Haresh Patel
  • Investor
  • Irving, TX
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Anyone invested in PIC5 Car Wash fund?

Haresh Patel
  • Investor
  • Irving, TX
Posted

Hey, 

Has anyone here invested in passiveinvesting.com's PIC5 car wash fund? I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K. Reach out. 

Thanks, 

Haresh

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Dominic Mazzarella
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Dominic Mazzarella
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Dominic Mazzarella
  • Investor
  • Hendersonville, NC
Replied
Quote from @Haresh Patel:

Hey, 

Has anyone here invested in passiveinvesting.com's PIC5 car wash fund? I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K. Reach out. 

Thanks, 

Haresh


 I couldn’t find the numbers you mentioned about them online. Do you have a source we can see?

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