All Forum Posts by: Gregory Vallenari

Yes, I have two investments with them that are both nail biters.   

My opinions only:   

My gut feel is that they're above board and not a scam.   But operationally they seem to have some challenges.    Communication is less than desired as projects progress and especially when they get into trouble.   While it does seem like they're working on that aspect, I don't feel that they understand what good communication to their investors should look like.   The folks they put in place to communicate to investors are fairly new and don't know a lot of what's going on.   

One equity investment i have with them in Chicago has taken some bad turns and I may or may not see all my principal back.    They had a conference call to explain what had happened and what the plan was.   The explanations seemed reasonable but no communication for a couple of months after the call.   Then i pushed for a status and found out that plans laid out in the conference call had fallen apart - yet with no investor update.     Ongoing communication (where we are, what's next and what are the milestones) is lacking and only comes partially when i really push for details.

Another lending investment i have with them in Puerto Rico is supposed to complete in few months but has already been delayed twice.    The explanations seem reasonable but communication has not been good, though they did finally have a conference call recently.

I understand from the Equity Build Finance (frequent) sales emails that none of their deals have ever lost money but i am obviously a little skeptical (but hopeful).    

I would love to hear of other's experiences - successful or otherwise. 

I have purchased a mobile home in a Texas mobile home park (DFW area).   Rehab is complete and I have a buyer for an Owner Finance sale.   I have used an RMLO and Title Company for my non-Mobile home single family Owner Finance sales.   Do I need to do the same for MHs, or can I do it myself?   If the latter, can anyone share what documents/forms they use for the Purchase agreement, Note, Security etc...?   

Thanks!

Greg