All Forum Posts by: Scott Morgan

@Roshan Koppuzhayil

I originally asked my questions before the project I was considering had formally come on line. Since that time I did reserve a unit and am moving forward, but construction does not formally begin until March.  FIG has been great to work with so far and I'll keep the thread updated as the project moves forward.

Sorry I missed the event, is there a way to be notified of future events?

Thanks for all the help guys, I really appreciate it!

I just wanted to close this thread out by stating that I have received multiple emails and had an in depth conversation with current FIG investors, all of whom are very happy.  Thanks for the info @Steven Bond.

I tried to tag @Steven Bond and @Account Closedin the original response as well!

I tried to tag @Steven Bond and @Account Closedin the original response as well!

@Steve Theobald Do you mind me asking what type of experience your BIL had prior to purchasing the FIG four-plexes?

Thanks @Steve and @Steve for your input.  I've looked a couple of their current construction projects and have mixed feelings, but I am new to the game and am trying to determine what type of deals I want to add to my portfolio.

@Michael I certainly understand that a 30 year pro forma is just a guess and put little weight into property value or rental income in 2040; however, I am curious about the year one pro forma and wanting to make sure that I have positive cash flow out of the gate. Sometimes when a deal seems good (not even too good to be true, but just good) I become skeptical and walk away. I really just wanted to see if there is anyone out there with positive or negative personal experience.  

I'm new to the site and would love to hear some success stories with people who have invested with remax/fig in Utah or Texas. They are building new fourplex units and advertising compelling cap rates in their pro formas. Any info would be appreciated.