Quote from @John Key: Quote from @Ray Hage: I had already thought dropping 5 figures into these "mastermind" programs was a bad idea and now, I think it is even worse based on what I read in this thread.

If you need me delete my posts I have no problem I am not trying to give you a bad review.I was offering my opinion based on knowing you are "Not a lender" so for me seasoning and being familiar with guide lines is crucial in offering an investor the right guidance and direction for financing.

But can anyone here actually speak from their OWN experience as to why NWAC is bad?

no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly. 

Just like most things in life there are good and bad to both choices. 

Plus the reviews above sound very bad.

I have heard both the good and the bad sides of investing out of state and so I am curious to know what other's experience has been? 

The difference between this attempt and the two previous attempts that failed badly is the large amount of money the aids foundation is spending.  

They'll probably also want to be sure that you are competent to operate the property afterward, because their reputation is tied up in who they do business with, and it's bad for everyone if the property becomes devalued.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.