All Forum Posts by: Harish V.
Harish V. has started 3 posts and replied 191 times.
Post: Grocapitus Investments - Rails on Main - Buffalo NY
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Matthew Irish-Jones:
Quote from @Harish V.:
Quote from @Matthew Irish-Jones:
Quote from @Harish V.:
Quote from @Matthew Irish-Jones:
Any investors here invest with Grocapitus for the Rails on Main project in Buffalo NY? I have been watching this project for years and it seems to be finally up and running.
I am wondering due to all the delays if they hit their targets for investors on returns, dividends, and ARV.
We are gearing up for some development projects ourselves so any insight would be appreciated.
So... they didn't return 100% of investor Capital? I saw a statement that its up and running and cash flowing.
"Official answer from Grocapitus - The Grid in Buffalo is built, leased, refinanced with sub-4% interest rate and 100% of investor equity returned, and is cash flowing, for over a year now. We plan to hold for another 2 years, and expect to beat our proforma handily. Apartment.com review are 4.8 out of 5"
"since you recently asked for the status of our other Buffalo project (The Grid, see status above), this is also a good time to bring this string up to date on the current status of the project that you are invested in (Rails on Main). The attached snapshot tells the whole story, and the pictures of the near-complete project. My fingers are crossed for a fast lease up !!"
Post: Grocapitus Investments - Rails on Main - Buffalo NY
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Matthew Irish-Jones:
Quote from @Harish V.:
Quote from @Matthew Irish-Jones:
Any investors here invest with Grocapitus for the Rails on Main project in Buffalo NY? I have been watching this project for years and it seems to be finally up and running.
I am wondering due to all the delays if they hit their targets for investors on returns, dividends, and ARV.
We are gearing up for some development projects ourselves so any insight would be appreciated.
So... they didn't return 100% of investor Capital? I saw a statement that its up and running and cash flowing.
Post: Grocapitus Investments - Rails on Main - Buffalo NY
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Matthew Irish-Jones:
Any investors here invest with Grocapitus for the Rails on Main project in Buffalo NY? I have been watching this project for years and it seems to be finally up and running.
I am wondering due to all the delays if they hit their targets for investors on returns, dividends, and ARV.
We are gearing up for some development projects ourselves so any insight would be appreciated.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Jay P.:
Quote from @Harish V.:
Deleting my post.
Just tired of posting negative comments. I want to move on. This company is lost cause.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Deleting my post.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
What a horrible experience with Neal Bawa and team for Buffalo project.
Years after posting warning here about buffalo project and being chased by the company and its minions. I am still waiting for good news. Neal tried to distance himself from the deal and saying he invested his money as LP (which I will not trust unless I see audited by third party) still no progress and starts keep getting more horrible each quarter as they discover more assumptions were incorrect.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Joseph M.:
As of July 2025- their Avondale Commons project in Arizona is behind and at risk of losing LP money. They are doing their best with the current and past economics. EST scenario they are attempting to recapitalize with Viking Capital but they only have 60 days. I wish them the best. They seem experience but there’s been many economic factors the last 3-5 years.
Interesting, finally they are not able to raise capital themselves and have to go to Viking capital.
They already have raised preferred on Avondale last year. Looks like a house of cards. Let’s see when it blows up.
Total 32m raised on this. Not only LPs will loose money, investors in preferreds last year may have to take haircuts too.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Based on feedback here. There are many people waiting for projects to complete and get money back. The success stories are probably very less as we have not heard from many people of positive experience here.
Post: Grocapitus - Anyone have experience with them?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Jay Hinrichs:
Quote from @Basit Siddiqi:
I am not an investor but I remember hearing his name a few years ago on multiple real estate related podcasts and the hosts always mentioning how intelligent he is and how much information he has.
I guess not...
I am sorry to hear everything that is invested.
I met him at an event in Oakland and was not impressed personally all he would say is he does big deals for big money.. and I know how hard it is to do business with those in his community it really surprises me how people followed and invested as much as they did.
I feel is there is lot of money looking for hands-free investment and good returns. Neal manages to advertise exceptional returns and quietly ignores the risks. Sometimes using instantaneous data when it suits, other times projecting rosy future.
That’s certainly what worked on me. But also was a costly lesson for me. For Neal it may be win-loss of 50-50 or 60-40, both not bad on average for funds. But for me sets me back few years on my goal.
I also think he lacks financial knowledge to see that something is out of ordinary and should not be used as basis for future returns (e.g. low interest rates of 2022 resulting in low cap rates).
Post: Anyone ever bought an investment property through SDIRA Wealth?
- Investor
- Fremont, CA
- Posts 195
- Votes 112
Quote from @Rene Hosman:
Quote from @Mike Pak:
Quote from @Rene Hosman:
Quote from @Marcus Ball:
Got it. Sadly, on BiggerPockets, some are quick to label companies as scams without real experience. Most negative comments come from competitors, those nitpicking minor issues, or people who haven’t worked with the company at all. It’s surprising that fake reviews are allowed to remain unchecked on this platform.
Question, If this post was a mistake, why is it left up to create confusion for potential investors? It seems like anyone can post anything without accountability—very concerning.
We have a strict policy of not deleting posts. Why? Because sometimes posters don't like the replies they get and want to take down their post after other members have invested time in replying.
Further, once you make a post here or anywhere, its there forever. You can never fully delete what you post. Its gets indexed by search engines very quickly and all those search engines keep complete copies of everything they inde
We care about our users and future viewiers, which is why our policies exist. When you allow users to delete their own posts, you disrupt the flow of conversations.
This is an OPEN forum, not just a closed network like Facebook. We give users the ability to edit a post for 10 minutes after posting for those situations where you say something that you realize upon review needs a tweak. We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.
We have no plans to change how the forums work as it pertains to the deletion of posts.
As to your point about confusion in the future, it's our policy to leave the conversation and thread open and available for anyone to read, they can gather all of the information and make an informed decision for themselves based on ALL the information provided. And if they have further questions, they can post them on a thread that may have been dormant to get answers just like you did!
Hope that helps explain the policy a bit more :)
I need to stress again that I was not in the right frame of mind when I made this post. SDIRA has been extremely accommodating in the setting of an eviction that occurred because the manager that they previously used neglected to tell them. They have since moved on to a new manager that is in close communication with me to get the repairs done and SDIRA is even offering to pay me the missing rent for December that the evicted tenant never paid. They are even working on getting me the evicted tenant's security deposit, the missing JANUARY rent since the place is still empty, and covering the cost of my own manager re-listing the property. To me that is requires major compliments, and the review I posted is not appropriate.
They really are going above and beyond in this circumstance and its not fair to them to keep this post online just because I wasn't able to reach them and discuss this over the weekend right after new years.
PLEASE reconsider taking the post down. Im even referring their properties to my friends and I look like a fool referring people who then see a scathing post from me.
PLEASE remove the post.
For reasons mentioned above the post will not be removed for transparency reasons but thank you for sharing your experience and clarifying the situation.