All Forum Posts by: Harish V.

Just curious why people think they should be in jail? Reason I ask is there are going to be a lot of real estate ventures where ALL money is lost, and many are due to poor management or buying a deal they should not buy. Just like in VC, deals go under.

But if the team did nothing illegal, being stupid is not a criminal offense. 

Last week Neal and the staff at Gro Capitus let us all know that ALL of our Principals were at risk now in the RTP Nova project of the newly built Townhomes.  Originally it was only going to take a year after investing 3 years ago, but the excuses just kept building Quarter after Quarter with Covid Covid Covid, construction costs, interest rates, and then their Facebook Ads not working.  Even as early as this August, they were supposed to send us our original investment back, and then it really took a turn last week and when I finally got Neal on a Zoom call, he was talking another 2 years before it all played out.  The guy should be in jail in my mind, but even with the market and all the other problems that have come up, they could have been straight with everyone.  It went from getting our principal back in the August webinar to our entire principal being at risk a few months later.  The part that really upset me was their attitudes.  Poor us, we worked so hard, we've tried everything, were transparent, but yet we still don't know where things went wrong and why the building still has not been completed.  I really never thought it would come to this. He sounds so intelligent on webinars, but can't even calculate losses properly, how could he calculate profit?  It needs to be discussed in forums like this and shut Gro Capitus down.  

I wish I had read this thread three years ago. I have invested in Grocapitus' project in Texas and it has been three years now. They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process. After three years, they have put a pause on the construction for another year stating that the labor costs are too high now. I don't know if they will ever start construction and if they do how long will my money be locked with them.

At this point, I would recommend to stay away from them until they can show some results with new constructions.

In the meantime, I had invested in another syndication in the same time frame in the same Texas market. They have completed construction and 90% of the units are leased up. A payout of 8% has already been made and they have an exit plan in the works.

So, there is no reason why Grocapitus was not able to get going other than their c

But what if the testimonials were not handpicked happy investors?  This link has over 11,000 data-driven investors taking Neal’s real estate data science course, and there are over a thousand reviews from people that Neal doesn’t even know. Udemy Link

Nope, it's written that she and Rene would own 99% of the company and S would own 1%. As far as profits go, S & R would get 66.7%, she and Rene would get 33%. THAT is a problem. While there's no one way to structure a deal, the traditional route when one provides all financing and the other does all work, is 50/50. You can deviate, but to go that far is not what most would term "fair".

And yes, her point is clear. While many feel that way, to me it's not what's most important. Having a trusted partner, an extra set of eyes OR making visits to see progress is more likely to yield success as work will not deviate far from amount of allocated funds.