All Forum Posts by: Quentin McNew

This was my first webinar watched, but I didn't catch day when they would be released. I just did quick notes on my phone. 

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AHP

1. 1. 2/23/2021 redemption requests are at April 2021. March was the surge, so mow should move faster. Resolution selling loans and taking the cash to pay back redemptions is the focus now.
2. 2. Micro loans 5k to 50k loans for owner program
3. 3. Real estate agent program to help lower income to get homes 5k to 50k loans 
4. 4. Big cash outs end of March 2021 to catch up all redemptions.
5. 5. K1 and release tax documents always unknown due to “audit” and requirements.

@Elijah Brown congrats and ROTC no debt helped set me up! Also learning transferable skills in military with those SOPs!

What were your fees and process of the SEC Regulation D filing?

I've always created LLC and split up the LLC with my partners. Keeping them under 20% owner, so they don't have personal guarantee.

What portfolio lender have you had success with or enjoy working with? Visio, Corevest, Lima One, etc. Visio recently having terrible experience. Appraisals done in September and they still can't close. I have no idea if they know what they are doing or depends who you work with there.  

Did you do a loan with Penfed on Investment property to your LLC? Or was this on your primary residence?

@Mark F.

@Mark S.

@Chris Seveney

minimum investment $100, but I put chunk of change into start. I then set “pay myself first” just doing automatic $500 monthly deposits and turned on “reinvest” all dividends. I will keep an eye out for next webinar. They were reputable and referral from my trusted network, so have hope it works out. It was my fault on due diligence thinking it was “liquid” within 60 days money back. I looked at it like a checking account making 10% my money. Thanks for all the insights. Appreciate you all. 

@Marco Bario @Paul Chapey @Mark F. 

 I have been with AHP servicing couple years and do monthly deposit to them as my system "pay myself first". I have never tried to do "full redemption" of my money back from them, so never knew if it was trouble. I thought it was within 60 days and 10% return goes to 8% if withdraw.

I have requested my whole account of funds back to get me liquidity on October 19th, 2020 and still have not got ANYTHING. I did this investment, because believe in the model (distressed notes) and thought this was liquid. Otherwise would've just kept 100% control and invested in real estate or index funds myself.

Good to see you successfully redeemed your funds from AHP servicing before. 6 months seems crazy, but understand coronavirus could be at fault. Have you ever done "full redemption" of funds and got it back? I am wondering if I only requested partial that it would redeem me faster, unlike me asking for 100% of my funds back.

This all seems very interesting to me now that it isn't as liquid as thought, especially after watching Bernie Madoff and Ponzi schemes.

@Paul Chapey

@Bruce Coleman @Paul Chapey I have been with AHP servicing couple years and do monthly deposit to them as my system "pay myself first". I have never tried to "redeem" my money back from them, so never knew if it was trouble. I thought it was within 60 days and 10% return goes to 8% if withdraw. 

I have requested my whole account of funds back to get me liquidity on October 19th, 2020 and still have not got ANYTHING. I did this investment, because believe in the model and thought this was liquid. Otherwise would of just kept 100% control and invested in real estate or index funds. 

Have you successfully redeemed your funds from AHP servicing before? Or are you still waiting after requesting from April 2020? 

This all seems very interesting to me, especially after watching Bernie Madoff and Ponzi schemes. 

@Michael Swan $20,000 per property in reserves????

@Umaha Essien you can reach out to me anytime. I grew up from Mahomet 10 minutes away, went to University of Illinois for Bachelors/Masters, and like it here enough that live downtown Champaign, IL here for the long term. I am in couple local Facebook groups can send you information on and REIA associations. This one is more full time operator Meetup https://www.cirpp-live.com/

@Robert Mendez I am full time investor in Champaign, IL and Indianapolis, IN that has my real estate license as well. I am focused on value add and holding all property. Feel free to reach out anytime. I am curious to hear how Champaign, IL made your list? I have real estate license and focus 100% on working with investors only, except family and friends make exceptions :)