I invested my first deal with Multi-Family Capital Partners nearly 5 years ago, and I joined their MFM educational coaching program 2 1/2 years ago. I deeply regret doing both. Getting needed coaching from professionals who had made deals was difficult and the two deals I invested in were very poorly managed from the beginning. This resulted in needing to bring in a rescue fund to take over the property and change the name, pushing our original investors down to B-2 status. I may never see any of my original investment capital again. The company did not oversee the property management until it was too late.
This is so scary, I would NEVER do this type of deal again, and many investors are experiencing the same thing, except some are not even aware of the seriousness of their investment losses yet. Two of the seven properties in one of my funds are either already foreclosed or about to restructure and shove down the original investors, like was done on my deal. Also, $200,000 of one of my investments has never shown up on the K-1, and no one answers my emails or phone calls to correct it. It's genuinely the nightmare I never wanted to have.
Like Fiya, posting about my loss and this frustrating experience will hopefully expose this company's faulty practices and help others steer clear of Tyler Deveraux, Ryan Woolley, MF Capital Partners, MFM, their new companies, and groups like them. It's not right.
