Also you have to follow local requirements for placement.

This practice isn't allowed under the Terms of Use of the lockbox company--precisely for the reason that incidents like this can happen.

It is helpful to get some background understanding of how to structure a syndication so that when I begin searching for the right professional I will know what questions to ask.To give you some more background on the deal, I am actually raising money for a private placement loan for a business that is a cash flowing like crazy right now but cannot get a conventional loan due to the industry that it is in. 

then pay $2.5K to send all these mailers, hoping you have the correct copy on your cards, waiting for the precise day of the week to send them so they arrive on a Monday at 4:23 PM, only to have 30% of these mailers returned to you, due to wrong address, only for you to add more work to your roster to skip trace them and resend these mailers, only to be yelled at because the card was not welcome..Come now.Anyone that says DMM is awesome, is delusional.

They’re idealing going to take a percent of rent (8% in Las Vegas) and maybe a placement fee ($300 given to a realtor in Las Vegas).

If you are just looking to invest as a passive investor you have to qualify to invest in private placement funds that invest in notes.

Me: Well I mean (sigh) I have a maximum and I understand that you want to know it.Seller: Tell me your maximum and I will tell you whether we can come to an agreement or not.Me: (Giving up the battle) Alright well uh I will just pull up my calculations to give you a precise numberSeller: SureMe: Okay so my maximum will be below 400Seller: Below what!

For instance, one GC I work with is 1 week behind schedule and I am charging him $100/day penalty.Also because the weather is nice, getting permits is harder too as there is a backlog of permit applications as those permits flooded in (precisely because the weather is nice enough to do work on these houses).

One big obvious no no to me is they are advertising a private placement on Facebook.

Seems like this would be good for one of his riffs...In any event, I hesitate to call myself a Real Estate Investor precisely due to the lack of clarity which the term conjures up.