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Updated 7 months ago on . Most recent reply
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General Partner on Motel Investment has gone silent!!!
I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. The GP named David Gerlt out of Newport Beach, CA used Quinalt Investments, LLC as the operating business for the investment.
This David Gerlt a member of Bigger Pockets has disappeared. I can't reach him. I've tried emails, phone, bigger pockets. This guy took my investment and disappeared.
If there Is anyone that can offer their expertise on what options I may have I would greatly appreciate it. This person sent an annual report and a few letters updating the investors on the motel but that all ended in 2020. It's been 4 years now and I've heard nothing.
Thanks in advance for any replies!
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Quote from @David Ptak:
I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. The GP named David Gerlt out of Newport Beach, CA used Quinalt Investments, LLC as the operating business for the investment.
This David Gerlt a member of Bigger Pockets has disappeared. I can't reach him. I've tried emails, phone, bigger pockets. This guy took my investment and disappeared.
If there Is anyone that can offer their expertise on what options I may have I would greatly appreciate it. This person sent an annual report and a few letters updating the investors on the motel but that all ended in 2020. It's been 4 years now and I've heard nothing.
Thanks in advance for any replies!
Just out of curiosity, what took you so long to start looking for him? 2020 was 4 years ago; it seems to me that time was of the essence in trying to salvage an investment.
- JD Martin
- Podcast Guest on Show #243
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