All Forum Posts by: Mark S.

I'm in the middle of a few deals like this now unfortunately. It seems the finger pointing happens when things go south. I believe the best course of action right now is to assume that this all ends in nothing for the investors and attorneys fees for the attorneys. After that, I expect very little. A bit of a bummer but I guess this is the way it goes when we venture into less tried tried and true investments. If anyone does have a webinar replay link I would love to get a copy of that. Thank you. I never received the initial invite.

Hello

New to posting on biggerpockets forums but have been reading and watching many podcasts.   I’m a new investor interested in purchasing my first turnkey investment property. I’ve been looking at turnkey properties in Memphis between 100k and 115k.  With rates staying high, what is the consensus on purchasing all cash vs financing for the first property? I know leverage is typically the recommendation but why not buy all cash if possible and leverage the equity for future properties when and if rates decrease?  Less headaches when there are vacancies.   And if I leverage the equity in the future for additional properties my break even time period can be reduced.  To me seems like a good way to start with less things to worry about with a path to leverage the first property into a few more in the future.  Curious to get opinions from more experienced investors than myself.  Thanks 

Quote from @Andrew Frishman:

Just some feedback for the group regarding AHP fund investment.

I Invested in AHP fund. November of 2020

I have been requesting my funds back since 07 / 2023 (see below)

I haven't received a distribution on my investment since July /2023.

Every time i call to get my funds returned, they say..."sometime next month", for the last 4 months!!.

 They've been doing monthly updates via webinar and the info you're being given definitely isn't accurate. Basically, they have no liquidity and are working to resolve this (like they have been for awhile now). 

@Andrew Frishman

Which fund? I heard the servicing company laid off most employees and transferred the loans to another servicer (in some sort of agreement). I would assume they published it on sec website.

If you are in that fund I would not expect your full amount coming back to you. Hopefully you get something back.

Watch the investor webinar replay.  

Here's a question everyone needs to answer.  Why are you getting into long-term rentals?

"I'm getting into long-term rentals so that..."

If you want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe to subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

A unique strategy for my success...KEEPING MY MONEY WORKING 24/7.

Money are your little workers which should bring you money daily from your investments. Money does not sleep, complain, unionize, get sick, question, go on strike, take a day off, etc.

70% of your money should be in play at all times.
15% pounce money - ready to go when you see a good opportunity.
15% transitory - money in and out of short term deals.

 My suggestion as well. There are plenty of no-load funds out there (Vanguard, Schwab, Fidelity, etc) so there's literally no reason to be using your employer's plan. 

I'm using Capital One at 4.23%