Personally I'm against these types of programs, especially 5-figure ones.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

They actually have a licensed person in California.

I've know him personally for years, had the opportunity to consult with him on both sides of the business and have to say he's the real deal. 

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

It actually says “Loans to Partner (or persons related to Partners)”.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Id personally classify those as three different investing areas. 

I do have to ask for the annual statement now, but the person who did their books previously automatically sent me.