Tulsa Real Estate Fund

[Maurice Lightner]

Hi, I’m new to the Bigger Pockets Forum so I apologize if I posted this incorrectly. 

I was wondering if anyone heard about the Tulsa Real Estate Fund spearheaded by Jay Morrison. 

He’s trying to raise $50 million in a syndication deal to develop properties in urban areas. The minimum investment is $500 and you do not have to be an accredited investment. 

Here is the link http://www.tulsarealestatefund.com/

I would love any thoughts about this deal. Good opportunity, stay away. Invest small, any insight would be nice. 

Thank you. 

[Jillian Sidoti]

@Ian Ippolito - I wrote Tulsa Real Estate Fund. Yes, 5.5 is higher than normal, but the fund isn't taking any other fees other than that fee - no acquisition, no disposition, no asset management, no refinance - nothing.