Ron Fossum, Norada Capital Management’s cleverly concealed CFO, was barred by the SEC in 2018 for similar fraudulent activities to those he appears to be engaging in now at Norada Capital Management.3.

But I can tell you that I regularly hear from the grapevine about the shenanigans some of the supposed reputable developers are engaging in.

Ironically, platforms designed for real estate (Zillow, Apartments.com, Rentler, etc.) produce very few tenants for me, compared to FB Marketplace (and I also find a lot of their functionality to be user un-friendly, from the landlord side). ...you'd think that platforms custom-made for real estate would make the process a snap for landlords, but it takes me a lot longer to post and manage rental listings on Zillow or Rentler than it did on Craigslist.

Better materials such as stronger  lumber were used when the earlier vintage properties were built and many  contained design characteristics such as stone or brick work and intricate millwork that are too costly to replicate today meaning many buildings are significantly below todays replacement cost. 

Connecting with local expertsThis forum is a fantastic place to start, and you’re already doing the right thing by engaging here.

Engage with property managers for insights on rents, expenses, or off-market opportunities, and request financial documents like rent rolls and profit/loss statements from sellers’ agents as part of due diligence.

Joinder of Parties due by 5/10/2024, Amended Pleadings due by 11/12/2024, Expert Witness Disclosure/Reports under FRCP 26(a)(2) due by 11/12/2024, Discovery Motions due by 12/11/2024, Discovery completed by 1/10/2025, Dispositive motions due by 2/10/2025, Attorney settlement conference to be held by 4/10/2025, Motions in Limine due by 4/30/2025, Deposition Designations due by 5/19/2025, Pretrial Order due by 5/19/2025, Trial briefs to be submitted by 5/27/2025, Pretrial Conference set for 6/2/2025 at 01:30 PM in Courtroom 16106 before Judge Jamal N Whitehead.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

This was all done by design. 

Following this, I consider it another pro of our situation that I have the ability to do significant property renovations myself, and between my wife and I, we make a pretty good design team.