Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

I wanted to create an STR experience and bring my bold ideas to life.

Attend in person, bid, if you win you have to pay right then via a cashiers check.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Personally I'm against these types of programs, especially 5-figure ones.

Hi Ivan,Agreed,  very intelligent person.

The last one I say from personal experience.