All Forum Posts by: Donna Johnson

Anyone invest with these builders or thoughts about doing so?  They are currently offering 14% up to 20% on a particular project they are working on.  If it sounds to good to be true.......or opportunity knocks?

From Cope Equities:

"This project is already begun – no risk of it not starting – it already started, a $44 million dollar project ($29 million in costs, approximately). We did not fund the last few million of the raise, so we are allowing the final slots to come in at up to 20% APR, fixed annual simple deferred return (deferred means you get all of your interest earnings at the end when we repay your principal – and that happens when we finish building and then sell the apartment complex).

This asset is our safest MF asset, in my opinion, BECAUSE the project is backed not just by our equity in the apartments – but by our equity in the entire 54-acre land development.

There is $15 MILLION of equity there – meaning of course that the project is worth (apartments and surrounding land) $15 million more than what we owe to ALL banks and investors involved in the project. So your investment will be covered by millions and millions of dollars worth of equity based on recent appraisals."

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Thanks Judy, hopefully they will get back on track with their investors.

 Judy and Paula,  can you share how long have you been investing with them before receiving this notice?

Thanks, Jake!

Entering an address for a multi unit, are the results that come back for total rent on both units, or per individual unit?   

Thanks for your input, Zach!  Let us know if/as you get new information.  

https://www.slreia.com/Default.aspx?fbclid=IwAR1ffmwKpHlhDhu...

https://www.utahreia.org/Calendar.aspx?fbclid=IwAR0ctzYPU5se...

My local power company has a program where they can lower power consumption to a property(ies) to prevent the grid going down during high power usage surges.  My power doesn't "go out", but prevented from pulling all it's capable of and switching around the system to different homes for short periods of time to lessen the over all pull.  Could this be the case with your power company?  BTW, this is with Rocky Mountain Power (Utah). 

Again, anyone have an update on their success or lack there of with NORDA investing in 2024?

Thanks for the insight, Jay.  Do you have a lender or two that you've had good experiences with your real estate investing clients to recommend? I know not all lenders are licensed in every state (and I'm not currently looking in Nevada) but would reach out to them if so.