All Forum Posts by: Ian M.

Wish I had this 4 years ago! Could have saved me from 8 syndications going sideways! But thank you for getting this together and make the acquisition, it sounds perfect and can hopefully save other from some of the same issues. Congrats!

@Marco Santarelli you had posted on this thread previously. Perhaps you could post again now to clear this up for all of the potential and current investors? It would certainly help to dispel all of the very real concerns we all have right now and potentially ease some minds for both current and future. Thanks in advance.

@Jon P. I got that same email the other day about the 17% interest note and thought the same thing. I was shocked to see that given that they stopped paying on their other notes...unless its as you said, pay old investors with new investor money. There's a name for that I think. I don't want to cast stones unnecessarily though and am not alleging wrongdoing but I would very much like more of an explanation. Perhaps this is temporary and it is just a blip and for the investors, I truly hope so. I would actually really like to see the owner/partner Marco Santarelli post here to clear any of this stuff up as I had considered investing with Norada at one point as well. I also listen to his podcast occasionally and he seems to understand the REI business quite well.

Sent you a PM

@Chris Campeau I was asking because I actually have several investments with them and am concerned based on what you've posted. To date we've had NO capital calls with our investments. I haven't heard about the distressed asset so I cant speak to that, probably because we're not involved in that (I hope). Please do post any other experiences with them, positive or negative, as they are extremely helpful. Thanks very much.

@Chris Campeau can you explain what the problems were that they are running into? Thanks. 

@Joshua Michael Hauman I am looking for 20-30 unit buildings in Cleveland in certain areas preferably with seller financing. I can give you more specifics if you PM me. Thanks a lot.

@Mark S. and @Jay Thomas thanks a lot. Sounds like you two have sold me on it. I appreciate it. its a little more expensive, but it sounds like its worth it.

 I’m in exactly the same boat @Morgan Hudson. Use Apartments.com and Stessa. And I totally agree that their software didn’t work right before and now they want to charge for it. I sent in a ticket TWO YEARS ago about transactions not downloading properly and they just kept saying they were working on it, clearly blowing me off. Quite possibly to wait until they could start charging for it. They should have focused on customer loyalty first and got that right or all of the people here thaf are saying they’re looking for an alternative might have stayed.