All Forum Posts by: David Leong

Thanks Joanne L. I appreciate your honest assessment and perspective. Super helpful! I only hope they will have a concentrated effort to right the ship, be forthcoming about the blindspots, recovering for you and all the other investors in Fund 4. I invested with ODC fairly recently for some of the same reasons many others have, Brandon, his positivity, energy and drive to succeed, ability to build a competent team, the network he has built, the communication and the investment structure the sponsors invested in themselves. ultimately, It is STILL our job as investors to monitor our money, ask questions and evaluate the sponsors' thru their reports.  Sadly the underwriting seems to have been an oversight in the areas you had mentioned, of course sponsors will always cast the brightest light on every situation but we and they must remember we aren't paying for their education but expect the experts to lead the investors thru experience and wisdom. I interviewed another Syndication and appreciated the fact they said 1) They never lost any of their investors money 2) They aren't currently entertaining deals until they are more solid on the market's direction.  3) their Exits are designed much shorter than ODCs.  Because I retired a few years earlier, I don't have a huge runway to recoup after big mistakes but I need reliable investment vehicles, that can still deliver a decent return within a 3-5 yr. window with surety and consistency.  NOTE: I did speak to an ODC rep. today about Fund Exits and i will say he was very transparent and honest about the state of all the funds. 

Whoa... Joanne L. Thx for sharing AND so sorry, that makes me a little worried since I just recently invested with ODC. Their pitch deck looked pretty easy to follow and compelling but that's the sales pitch which always "looks good". I guess I'm not as keen nor experienced enough in knowing if they will be able to EXIT future deals now because they have only proven it once which isn't a long track record at all... it maybe is a future indicator of their inability to BRRRR for their LP investors. Since they have Exited only one deal so i'm wondering if they have gotten over their skis given your Fund 4 report.