Thanks! My background is dealing with LLC structures and partnerships. I specialize in apartment development and dealing with large development projects.
Whenever I would see "membership" buyouts it always created red flags. Especially, when you start seeing LOW percentage NOI's. I believe Kool Aid is on to something when you see shares being structured against this that are inflated at 7,000%.
Given this was built in 2019 and likely has an existing debt in the 65% to 80% range against a 3.7% Cap Rate is not going to end well.
I hate seeing investors here getting sucked into a structure that has no room for error.
''Funny how'' you thought he was critical of me and my skepticism. Rather he just ''blew you pumpers out of the water'' no? I'm hardly the expert he is but even I could see thru this latest scam.