All Forum Posts by: Joseph Phillips

RADD investments enticement and business model is based on high rates of return when disposable profit/income is available. When it is not, based on the business model I think  no returns on investment are allowed or for that matter available given the number of investors due payouts, and operation costs plus investment loan payments. New investors’ funding, it would appear, works to seed investment and offset the debt but is insufficient it seems now to raise enough capital to reopen investor payouts. I reviewed and had their prospectus evaluated. They were heavily leveraged and I didn’t invest. RADD brings imo highly reputable folks to talk alternative investments that helps to possibly validate their business model, too. So add the advertised high rate of return when things are good when money can flow out to investors, plus celebrities at their investment forums and it seems very attractive. There may be some investors that also don’t understand their business and payout model, too. Anyway buyer/investor beware. 

Nov 2024…Google search - Arkansas business.com "Southwest Georgia Farm Credit ACA of Bainbridge, Georgia, said in a lawsuit filed in Randolph CountyCircuit Court that Rad Diversified REIT Inc. borrowed $2.1 million in November 2022.

Rad, of Tampa, Florida, was supposed to repay the loan in 239 monthly installments of $18,317.

“RAD has failed to make the payments required by the note,” and has allegedly defaulted on the loan, according to the lawsuit filed by attorney Ralph Waddell of the Waddell Cole & Jones firm in Jonesboro. “ paid subscription 

Anyone have some first hand experience with RADD/REIT that Dutch Mendenhall runs. Promises near 30% ROIs in RADD and above market rates for REIT? Thanks.

Thx John and Kyle. What refinancing options are normally available after initial five years? Can one negotiate lower rate etc. ? What would be the normal loan conditions for a LOC and pluses and minuses of going that route? Thx

@Owen Thornton

Great question. Hope we get an answer soon. Maybe try joining another portfolio loans discussion. Going there next.

@Fred Shatzoff

How long can a commercial loan run for a good cash flowing MFH property? Heard normally five years then what? Thx

@John Warren

Regarding commercial loans for MFH are they normally for five years and then what?

@John K.

Fannie Mae says 10 max SFH so look to use other options mentioned previously...seller financing, portfolio loans, commercial loans etc. got more.

What strategies are there to finance Single Family Housings beyond the Fannie Mae rule limiting it to 10 Single Family Housing?