Everyone should read the entire series of posts on X but to highlight the two largest red flags:1) They had to raise millions of dollars to fund the operational shortfall of the investment while still falsely claiming to investors a 5% average annual cashflow.

Using an annual 4% lapse rate for years 11-20, the overall lapse rate is 60% at year 15 and 70% at year 20.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

 $500k to $3.8M in those 35 years is 6% annual appreciation.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I have found that I have been able to do one or two deals annually that add significantly to increasing my net worth.  

@Cassidy Burns what is the annual gross revenue to purchase price ratio in Shenandoah?

A lender could probably use the income if it’s an annual lease, but not a profit and loss. 

They were exactly 5% on an annual basis.

Whether it's checking the permit status at the AHJ, notifying us to send an annual rent increase notice, collecting tenant insurance, etc.