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All Forum Posts by: Paul Winka

Paul Winka has started 83 posts and replied 312 times.

Post: What’s your experience with Wagner Nolasco B2RDirect

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72
Quote from @Jay Hinrichs:
Quote from @Cody Christensen:

Check this article from 4 weeks ago.  Werner Macedo, co-owner of D32 with Doni from this article say they don't have money to payback our deposits.  Well, this article says otherwise.  I signed a cancelation contract in February 2023 for the 5 properties I put deposits down, totaling $224,000 in April of 2022.  The cancelation contract stated they would refund my deposits in 6 months or if another buyer bought the contract for the properties.  Whichever came first.  That contract was up in August 2023 without any refunds. On August 8, 2024 they will be in breech of contract for a year now.  I canceled because of on going lies about progress on the houses.  Initially they said they would make payments to me and crap like they have millions in assets, just no liquid assets.  Now they continually ghost me.  Absolutely no communication.  Their lawyer talked a few time with my lawyer from my home state but he just used delay tactics and bunch of bs.  They have forced me to find a lawyer in Florida in order to get a judgement against them.  With the numerous investors on this forum they have done this to, it is probably just the tip of the iceberg.  The best part is, Wagner and Werner are brothers!!  Ponzi scheme for sure.  Then I find articles like this.  Shamless.

https://www.liverpoolecho.co.uk/sport/football/football-news...


WOW.. 40k plus deposits on a home to be built.. ???  who does that.. And for rental houses. this is not common and absolutely  crazy to do a deposit over maybe 5k or 10k.. I mean I build 700k plus homes in Oregon and get 10k deposits that go into ESCROW  and if I don't deliver the Title/Escrow company would send them back.. This is insane that these guys got that large of deposits on a pre sale rental house construction sent directly to them.  Geesh.

The Broker also who wrote those contracts and advised their clients to make these deposits most certainly has some liability here.  And I suspect their E and O will kick in if this money is lost  just sayin.. Of course the broker had to be representing you as the buyer and clearly denoted on the contract.. If the Broker was only representing the Seller then well you went un represented.. This FLA build new rentals got WAAAY over sold and huge FOMO that got buyers to lose their wits about how to protect their money..

This is has BK written all over it with monetary wipe outs..

@Jay Hinrichs, thanks for weighing in. You're absolutely right, and it’s frustrating to see so many buyers caught up in the same situation with Bennah Oaks and Nathi Townhomes. Several of us, myself included, were referred by Norada (Marco Santarelli). Until this point, I had nothing but great experiences with Norada's referrals in other markets, so I put my trust in them here as well.


As a veteran, I saved the money for these investments during my time on active duty and while working as a contractor in Afghanistan and Iraq for over five years. I believed I was putting that hard-earned money into something secure. It’s been incredibly difficult to see this situation unfold, especially given how much work and sacrifice went into saving for these properties.

Post: Refund of 8% Maryland withholding for non-residents?

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

Can't believe there was nothing on BP about this -- how do I get this withholding amount refunded to me? Quick back story is I am a Missouri resident that sold a Maryland property in June 2023, I've e-filed my federal and MD tax return as of the first week of April 2024. Does that mean the $2362.42 paper check is on its way and I don't need to take action? 

If the check is not on the way, I don't know what I am supposed to do. I see this Maryland form here that seems to be appropriate, but I am not eligible to file it because it mentions that it should not be used if filing it after 12/01/2023. So then what? 

I've tried calling around to sources that should have the answer and haven't gotten anywhere yet.


Post: In search of Property Manager in Jackson MS

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

Hi Jeff. Realty Sales & Management is who I use there. I've been happy with them. If there are in Jackson proper not just any property manager will do. Feel free to DM me. 

Post: Assigning a contract with a builder. Need help in FL.

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

@Wayne Brooks Thanks for that, that's what I thought. Further to that, it can be done unilaterally, that is, without consent of the seller? Again, the contract doesn't seem to say anything about this. 

I am going to DM you. I see you're a top contributor here and would appreciate your input. 

Post: Assigning a contract with a builder. Need help in FL.

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

I have a contract with builder for a new house.  In this contract, there is nothing that says the contract cannot be assigned. Likewise, there is no mention that is assignable. 

The builder will not refund the deposit and I prefer to get my money back rather than close and then resell. 

If I do assign it, does the other party need to approve the assignment if the contract doesn't say so? What should I look out for? 

Post: Reputable wholesalers in Baltimore?

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

Hi, I am dealing with 3 unwanted properties in Baltimore. Homevestors, opendoor, or any indivudal, which would offer the quickest exit? 

Post: What reasons would a builder not refund a deposit?

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

I am trying to understand the position of the builder involved with a new build contract because they aren't telling me anything other than no when I asked for a refund due to a hardship, despite countless delays and getting the runaround. The deposit money is supposedly in escrow, and I believe they could sell my lots again to another buyer for possibly more money. I figure the deposits are in escrow and the builder is funded usings construction loans. 
Any suggestions on what might work to convince them to let me out of the contract because of a hardship? 

Post: I am interested in buying a cash flow investment property in the Baltimore area

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

@Sekou Kesselly, you can direct message me, I have some. 

Post: When does Errors & Omissions insurance come into play at settlement?

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

Just as title says. I have always heard of this insurance but haven't known anyone that has been paid out by it. 

Reason I ask is some water bills were double paid (by me out of closing and by title company) and the water company doesn't want to send me a refund, so would this be a candidate for E&O?

Post: What’s your experience with Wagner Nolasco B2RDirect

Paul WinkaPosted
  • Rental Property Investor
  • St Louis, MO
  • Posts 317
  • Votes 72

I am late to join you all as well. At least now I know I am not alone! I found Nolasco through Norada. I went to his office, met him and his team, and left with a good impression. And I am also in Phase 1, making my deposit in October 2021. It's now May 2023 and nothing is vertical. The last update is was on 04/20 that they are almost ready to start pouring the pads. I get that there are delays and behind the scenes, dealing with late suppliers, the city authorities being difficult, but I thought for sure I would be further along than this. 

Wendy, I sent you an email, would love to join the WhatsApp group.