Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Ask About A Real Estate Company
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

272
Posts
165
Votes
Michael G.
  • Rental Property Investor
  • Brooklyn, NY
165
Votes |
272
Posts

BPers in Philadelphia : Anyone know NRIA : National Realty Investment Advisors LLC - NY/NJ/ Philadelphia Area ?

Michael G.
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi BigPocketers

I wanted to ask about a company I recently came across called "National Realty Investment Advisors LLC - www . NRIA . net"

They appear to be based in Secaucus NJ and have been advertising very heavily lately in the NY area (radio mostly). I have no direct experience with them and want to stress that my questions about them are merely based on personal opinion/curiosity (I am not making any statements about them)

But they strike me as using 'aggressive sales tactics' and they don't appear to be (as far as I can tell based on their website) regulated, licensed or registered in any way, which, if I understand correctly, means no accountability to anyone for anything. (If they were, wouldn't they advertise this on their website?)

They don't appear to be "licensed, registered realtors" or "licensed/registered investment advisors" so what are they exactly?

They apparently raise money for new construction housing developments, almost exclusively in Philadelphia, and then offer "rent guarantees" (Anything with "guarantees" makes me skeptical and always sounds, to me, like it's too good to be true.) They also claim that the opportunities are "VERY RARE" and "VERY LIMITED" [sic - The ALL CAPS are theirs]. Company is run by the "Grabato Family" of Philly according to them.

They could actually be right, and offer an amazing investment opportunity. Like I said, I have no direct experience and have sent them no money but my "spidey sense" is tingling for some weird reason with these guys...

Does anyone know anything about them?

Disclaimer: Nothing in the above constitutes an accusation or wilful disparagement...Just questions based on my observations & personal opinions.

All feedback welcomed. Thanks!

Brooklyn R.

Most Popular Reply

User Stats

16,121
Posts
5,816
Votes
Joshua Dorkin
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
5,816
Votes |
16,121
Posts
Joshua Dorkin
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
Replied

@Adam Seth -

You claim in your post to get interested in the company after reading about the post from the initial poster in this thread.

Your post makes it seem like you're just an inquiring customer, yet a quick Google search of your name pulls up the following:

http://www.builtinchicago.org/member/adam-seth - a profile that states, "Hi, I'm Adam Seth, I'm business marketing expert and working with a National Realty Investment Advisors LLC Company"

That profile also posted the following article:

National Realty Investment Advisors LLC

Loading replies...