Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Bala Anirudh Kurakula

Bala Anirudh Kurakula has started 1 posts and replied 3 times.

Unfortunately, I chose not to invest with them.  

From my research: 

I sincerely tried hard to find more about them but could not find a lot about them. Then I researched about James Thorpe who they said was their wonderful architect. I saw some red flags and some complaints about how they handled some construction with asbestos in the house. But that was one instance so did not think too much about it. 

So, I met with the team in Seattle office. I saw their slide deck for different projects and the numbers were ridiculously too good to be true. I asked them about their prev investments. I learned that they were previously called Northlake Capital + Development LLC. Looks like many of their JV projects simply got foreclosed on and their investors got hurt pretty badly. You can't find much on google, they must have paid someone to manage their reputation. The only thing I could find is a complaint https://dfi.wa.gov/documents/s... 

Maybe they are better now? I did not know them personally so I am not sure. But things did not feel right to me so I backed out.

Again this is just based on my research. Please do your own due diligence about this and not take my opinion at face value.  All the best 

I am planning to invest with Summit Capital Partners LLC, a company in seattle who provide partnering opportunities. Here are some of my questions.

1. Has anyone worked with them in the past that can vouch for them? I have met them in person and when to their office but still would like to know if someone worked with them personally 

2. How do I get the agreement reviewed by an attorney? Can I just find a WA state attorney online and get the agreement reviewed?

3. I am planning to invest in a venture that is an office location. How do I go about researching that? Houses I understand but no idea how to research about office location. 

Thanks !