All Forum Posts by: Harish V.

Just wanted to update community on the Neal Bawa/Grocapitus state of affairs with Buffalo project. New update after two months. Looks like things have started moving now. Though still picture is murky.

After 2 months the update is that "We are out of investor capital" and partner is loaning the venture money.

No mention of Brownfield credits money that was supposed to be enough to pay 10% preferred return. I did ask, as usual, do not expect to get response soon.

Thats huge amount of money they have been careless with. Still promising IRR 25%. I am sure hoping for that to happen and soon.

Neal  Says something and different things happen. I am sure he has said he has pulled this off.

Absolutely agree, though I will like to see what mentor takes up on that offer.

Hopefully you perform better using Neal Bawas method than Neal himself.  His own deals fail to produce projected results. Good luck.

I will not use anything from Neal Bawa, it does not work well for his own deals, not sure how it will work for others. I have invested in some deals from Grocapitus. They are unable to even get financing for a deal that is supposed to have 30+ Return and constantly all possible interested parties drop out. Obviously they see something that Neal failed to see.

Interesting thing is through this thread I have come in contact with many people who invested with grocapitus and now are not sure. I hope that 1st time investors will read this thread and be very careful when investing with Grocapitus and demand penalties for delays and non performance.

Another day, another disapointing update from Buffalo project by Grocapitus/financial attunement.

Stay away from these two companies is my opinion.

One question to people with knowledge. Any idea if syndicator does not perform, can we fire them. I.e. take over the project, or is it that investors have no choice but to wait for syndicator to do something.

@Anna McClure Are you associated with Grocpitus? You just joined to post this?

Originally posted by @Joseph Bramante:

@Harish V. and @Jeffrey Liou sorry to hear about your situation. You can not depend on syndicators these days to underwrite correctly since they seem to be more focused on growing large mailing list and collecting huge upfront fees for closing deals. Whether or not they perform is secondary. 

I recommend you take some courses on underwriting that are geared towards passive investors. Most of whats out there is for syndicators trying to buy deals. They are different things but with seemingly lots of overlap. 

Regarding experience, we have actually exited 5 deals for an average IRR of 23.5% and Avg Equity multiple of 2.63. I have attached 2 bell curves showing all 5 properties.

Looping you in also @Ryan Goff @Keith Meyer @Vincent Powell @Jeff Pollack @Jason Merchey @Santiago Fajardo @Gopinath Chandra @John Gatsoulas @Jay Hinrichs

 Precisely. After 5 years when exits are due the syndicators will start forming new companies to reset the clock and blame previous experience to difference of philosophy of previous partners. Its a shame, burns passive investors. I have decided to DIY and am getting good learning experience. I think DIY is worth the trouble, even if you end up loosing, you will learn a lot. In case of syndication or passive investment, its a black box and you do not learn much.