Ann LiptonThis is a story about the tragedy of Regulation D, Rule 506(c)
miketcope“Her family had lived well on her husband’s earnings as a dentist, but after putting four kids through medical school, their 401(k) wasn’t cutting it.”
1000 words about losing $200k in real estate later
"She’s now watching her portfolio for more trouble. She said she’s invested more of her husband’s 401(k) — an additional $1 million — with other real estate syndicators.”
KC Watson@copito @annmlipton I don’t have access to the article but wondering if it says which syndicator(s)?
@kc_watson @copito Several companies mentioned but the narrative focus is on Western Wealth Capital,
@annmlipton @copito thanks! I’ve seen some of these shops but not that one specifically. Seems like there’s lots of affiliated property management companies in that space, and I’ve always wondered if the investors got any cut of the management fees, construction management fees, etc.
@kc_watson @copito almost certainly no but i don't know for sure
@annmlipton @copito wish I could see what disclosures they provided when they originally put these deals out on the market!