We can never predict every bad case scenario, but we do need to be aware of the breaking points on each deal we invest in.

They seem, at the surface, to be a logical instrument for long term incentive alignment, especially in today's market.

"Companies", dang predictive text ...

The letter states the following:FULL RECONVEYANCEWHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No.

I don't believe they use any security instrument.

.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

If we are getting the same yields investing in real estate, why are we working so hard, why are we dealing with less predictable cashflows, and why are we dealing with eviction/property management risk?

Tampa Bay has been experiencing significant growth and change, and I’d love to gather insights from this knowledgeable community.How do you predict the Tampa Bay market will perform over the next five years?

If you wouldn't mind I can send an email and you child help assist with the predictions / calculation on future appreciation.