All Forum Posts by: Jeff Fortuna

It’ll be well north of 16 irr when everything is done 

I am in 2 mobile home CRE Funds and both are distributing an annual distributions north of 8 percent. I am also in a few of the crystal view funds that invest in self storage and they are distributing 8+ annually.

It is not that self storage is a bad industry right now it is the skipper running the cre. a great manager can make a poor location produce! And……I have seen great real estate locations become destroyed by bad management. 

2024 q1 and q2 are over and the storage fund has not issued any distributions because the income statement is losing cash. I do get promises. 

I’m in the mag industrial fund and I would invest again… which I did in the mag Broadview in San Bernardino area by the college. Mag has great reporting and great returns. I’ll invest in their  next deal. Great cost seg. 

I’m in 3 debt funds. The only negative is that I do not have them in my 401k. I pay taxes on the 12.5-16 percent they return. I am in the Dwight fund, Pelorus fund and the Sortis fund. All are A+

I am in cvc3 and 4. Cash on cash is 7-8 percent. Great syndications. Great investments

I’m in his Tricore storage fund.  I would not invest again. There has been no distributions for 2 yrs. There are no quarterly reports. 

I’m in Tricore storage fund 1. I would not invest again. The group has no quarterly reports and the fund has yet to make any distributions. One of the investments in canton was bought and refinanced for 3x the purchase price. What did they do with the cash out money. No one knows. The reporting they use is absolutely worthless.  

I am in Crystal view 3 and 4 and the coc is 7-8 percent … the reporting is great. Great syndication with great management.  Crystal view capital 

Well the loan Represenative stated that one of the criteria is net worth and the loan could not be more than the net worth so I choose half of my net worth. I also don’t have 1m in cash yet for a 4 million dollar loan. Scott, even though I have 26 yrs managing and owning rentals I was also told I may need an experienced partner if I want to invest in Charlotte , Columbus or Jacksonville. I was told that if I invest in my hometown of Grand Rapids mi I would not need a partner. 

This is a very new step in my investing career and I want to limit mistakes.