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All Forum Posts by: Mark Bacon

Mark Bacon has started 2 posts and replied 5 times.

Quote from @Alphonso Swaby:

I recently (4 weeks ago) invested a substantial amount of money in Norada Capital Management and did receive a first payment in June. This "financial problems," can't something that occurred overnight. If they knew problems were brewing, why keep taking in money from new investors, to only after a few weeks, just say thank you, no more distribution and your  money is now converted to equity. Hopefully Marco will be fully transparent in the coming days, so we can all get a better understanding, especially those of us who deposited our money over the past few weeks. I am in Medicine, most patient sue us Doctors not for mistakes we make, but lack of transparency/information, it forces us to give information. Looking forward to specifics from Marco in the coming days and not just, " Due  to current market conditions and unforeseen financial challenges."


Similar boat. I invested this past March/April. No mention of difficulties with REV. No mention of conversion to equity possibility.
Very surprised at this turn. I just invested in a Note this past March and received the first few monthly payments. As others have pointed out, and equity share in the note making part of Norada does not seem valuable at all. I've been following Marco for years and his councilors have steered me correctly regarding real estate, so I'll hold off until I find out more. I really hope Marco is transparent with what is going on and not use vague language like "economic conditions" to describe the change of events. The REV pump up pyramid scheme looks like the root of the issue.

I have a duplex in Palm Coast and looking for recommendations for a good property manager. Any suggestions would be greatly appreciated!

Thanks,
Mark

Post: looking for CPA - turnkey

Mark BaconPosted
  • Posts 5
  • Votes 4

Closing on first duplex next month and looking for CPA referral. I'm located in Mass and property in Florida. Much appreciated. Thank you.

In the middle of a transaction and very nervous. I'm not seeing this turn around anytime soon. I think once the food shortages start people will wake up. May be too late at that point.