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Started by Sam, November 07, 2018, 11:29:29 AM
Quote from: dwengca on November 13, 2018, 09:55:34 AMGreetings,I have invested over $250k in RS investments. Currently, I have 17 active investments with 180K still active. At this point, I am very worried. 6 out of 17 of my active investments are in bad shape. One is even pending forced eviction. I have serious doubt that RS or the new "administrator" would be going after these investments aggressively to recover our money. I can't get RS to respond to my emails for 5 days, how am I gonna expect them to go after these folks? I am seriously considering getting some legal representation at this point to protect my investment.As you can see above, so many of my active investments are in bad shape. I really think that RS have not been properly managing our investments...Dennis
Quote from: Sam on November 13, 2018, 10:16:37 AMHi Dennis, thanks for sharing. What was your criteria for choosing these investments? Hi Sam, originally, I was focusing on just "debt" investments. However, soon I realized many of these debt investments were not properly vetted, so I switched over to large apartment units type of investments. As you can see from my list, nearly all of them that are in trouble are the single luxury type of home. This was definitely a learning for me. Best to give them some time to sort things out since they just closed their doors. They are probably working on a bunch of stuff now and will probably be more responsive after the transition by year end imo. If you decide to go the legal route, let me know! It'll be interesting to follow what a lawyer can do. thx
Quote from: CPAprenuer on November 15, 2018, 08:45:50 AMI'm happy (and surprised) to report that 5 out of 6 of my RS investments have already paid me this month as of today! Also, the payments are earlier on average than previous months - I guess when their only focus now is to manage the current portfolio they can get things done quicker and more efficiently. Cheers to continued monthly cash flow!