All Forum Posts by: John Jasko

I am in ATM investment.  Bronson Hill created at fund of funds and invested through Dave Zook at the RealAsset Investor.  The investment is with Paramount Partners.  This deal has turned very negative.  I am concerned that it is a ponsi scheme.  be very wary of ATM deals.

 Are your REM investments still going well?  I've encountered several folks who have been hurt by Robert's misdeeds and I was wondering if that has affected all of his deals.  This would give me some perspective on whether I should have hope for a turnaround for my Atlanta REM deal

Patrick Grimes. I don’t know if Patrick was completely duped by Robert as well, but I do know that when I make inquiries, Patrick directs me straight to REM and doesn’t address the issues himself.
Patrick seems to be a very intelligent guy and, honestly, I still occasionally listen to his educational content, but I will never invest with him again.

Yes, and I was brought in to the deal by a 3rd party money wrangler who has since washed his hands of the whole thing.  That was my rookie mistake to not vet the actual sponsor better.  I will never enter a deal through a recruiter again.  

 I have and it has gone badly.  Robert mixed funds among separate investment properties which has hurt the all of those properties.  The one am in (in Atlanta) is in disrepair with many squatters.  Robert has been removed from the project and Rod Khalif has been brought in as the "fixer."  I hope he can salvage some of our money.

Looking into AL market as well.  Have you had any success?

I know the McDonalds quip is sarcasm, but is your opinion that holding the rental in an LLC in order to protect other personal assets is not worth the cost or hassle?

Thanks Dave.  I just sent you a message.

I live in WV and I just purchased my first rental property - a duplex in Florida. I would like to transfer this property from my personal name to my LLC. I have been assured by the lender that there will be no due on sale enforcement. Do I need to hire a real estate attorney to assist me with this?