Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

Alper used BLDV money to pay for legal documents that allow him to solicit people to invest in his "triple net lease" real estate scheme. Isn't anyone curious to know what's in this?

These things are also known as "NNN" leases because they involve the lessee is responsible for paying the "three nets" (i.e. property taxes, insurance, and maintenance).

There's a lot of info on them online. This article out there are some concerns--

Risks
https://en.wikipedia.org/wiki/NNN_Lease#Risk

Common Misconceptions
https://en.wikipedia.org/wiki/NNN_Lease#Common_misconceptions

One concern that sticks out is "The tenant's credit rating is a crucial factor which the lender takes into account in their decision to lend on a property and under what terms."