All Forum Posts by: Harish V.

Had an interesting update on Buffalo on rails project. Neal and Financial Attunement have both quit the project. Probably they do not want to be answerable to investors they roped in first place with their charm and wild promises of high returns. I am still paying for Mr. Neals learning experience. Anyone investing now should pray that it does not become a learning experience for Neal Bawa. If it does, the investor will have a learning experience of their own that they should listen to people having negative reviews.

Interesting. We are just bring up the same failures here for all to form their own opinion. i think its good to know full picture then decide. I do not want to pay tution for someone else's learning experience. I have decided first loss, best loss.

Quote from @Eric Bleau:

Guys, I am a partner in Neal’s company. So, I am a vested party, but am not an employee, so have no employee type pressure. One of the challenges with this string is that it is clubbing together two VERY different companies. The only company that Neal has had full control over is called Grocapitus. The projects discussed on this string are from a previous company called Financial Attunement, where Neal was a junior partner, and a senior partner was CEO of that company and primary decision-maker.

So, I feel that for a balanced discussion, this string can benefit from knowing Grocapitus' returns, since Neal founded it in February 2018, when he resigned from Financial Attunement. I happen to know that Neal left that company because he was not comfortable with the analysis and underwriting of their projects. Listed below are all the project exits Grocapitus has had, and I also happen to know that Grocapitus investors are very happy with their returns. I also happen to know that Grocapitus has three exits coming up in the first half of 2022, and all of these are expected to beat the leader in this table below (Park Canyon - 50% AAR) easily. Grocapitus expects to have a total of six profitable exits this year, and expects to make investors about 38% IRR on those six exits. As they say, the proof is in the pudding.

I reviewed our current investor list and Harish Verma is not an investor with Grocapitus, he was an investor in Financial Attunement. With the data-driven approach Neal developed, Grocapitus has a strong track record based on the actual return investors received. I will update the table below with three additional exits by or before July 2022.

I understand Eric you are in same situation Neal was at Financial Attunement. You can always start another company and blame some else. Here are my questions. 

Why has Neal not spoken against Financial Attnement?

Why is Neal still in the projects that he did not believe in, here are the updates I am getting:

============= Nov 2021===============
We still believe in this project, the market, and our future success. If you would like to have a one-on-one call with Neal regarding this project, please schedule a time via his Calendly.
==========

==============AUGUST 2021==================

The project team remains committed to delivering a great project to the market and a strong return to our investors. Should you have any questions, please don’t hesitate to reach out to the project team.

Thanks,

Dave Freeman, Justin Earl, Jean-Marc Landau & Neal Bawa

====================================

I have much more updates that i can share if you are not convinced. 

Why does Grocapitus and MultiFamilyU or any other Neal company not have any contact address on website? Hiding something.

How do you have same actors - Neal,  IVANNIA NAVARRETE etc in Grocapitus and Financial attunement? And expect different results now? Its not happened with Morris Invest/ Growth equity group or anywhere else, I do not trust it will happen here. Its hit or miss.

If someone wants to still invest with Grocapitus, not my problem. i do want to highlight that people selling these will just claim they  knew things were wrong and now they have corrected. Too bad you lost. Invest at your own risk.

In any case, I do believe that Mr. Neal Bawa will again change companies and distance himself from all wrongs done at Grocapitus. Its seems to be the MO, 3-5 years then new company. Grocapitus is already 3+ years, so probably 1-2 years more. Investors at this time should be extra careful.

This is typical sales tactic they use. They are sold out but can accommodate you if you act fast.  

I agree with what you said. Good you did not fall for it like me (another project). Still waiting for it to start after 4+ years

Grocapitus is just a broker/facilitator. They do not have any management responsibility. They are benefited by you buying.

@William Woodring What is your motivation for considering these?

Why not do cashout refi instead? 

Oh BTW new loan limits are

@Chris Mason  great post and great insight.  I believe states with high state taxes may see additional jump if the SALT tax repeal comes into play.  

Good for you and your investors.