Recent Posts

1

Getting Started / Re: Welcome! Please introduce yourself

« Last post by TommyBeam on July 16, 2019, 03:33:55 PM »

Hello! My name is Tommy and my aim is to become more financially successful by learning financial tips and tricks from this forum!

2

Managing And Investing In Physical Real Estate / Should I buy a house on a visa?

« Last post by jsad on July 16, 2019, 01:29:07 PM »

I’ve been a recent patron of your website and really enjoy the content and your general tone while dispensing advice and encouraging discussion.

Had a question- Since I am on a work visa and it may be 5 years before I get my green card , should I still go ahead and buy a house. I’m married with 2 kids (both under 3).

Also property prices in Arizona area do seem rather inflated at this point.

Disclaimer – I have applied for my green card in 2009 and have been renting since. I do have some savings($325K+) , but with the uncertainty of being on a visa and the market being as it is right now have made me think a little more before buying.

What would be your advice to me?

Thanks for your response,

3

Family Finances / Re: Two Children Combination Preferences By Sex

« Last post by Sam on July 16, 2019, 01:17:08 PM »

 Check out the results of a 1000+ survey here. https://www.financialsamurai.com/trophy-husbands-trophy-wives-and-now-trophy-kids-oh-my/

4

Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by ramesh on July 16, 2019, 12:31:30 PM »

In regards to New Jersey Multifamily Fund II - sponsor did not pay 2 months.

Thanks for sharing the info.  I received a slightly different response from Mr. Sullivan today, however.

NJ Multifamily Fund II - we have received a payment in July to cover the May pay period Currently in the approval process. ETA approximately 5-10 business days. Missing June. Our asset management team contacted the sponsor. This matter is pending.

Also, info on Bryant Avenue 2nd Lien Tranche 1

Received a distribution in July that cover June pay period. Currently in the approval process. ETA approximately 5-10 business days.

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Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by Sdb on July 16, 2019, 10:59:56 AM »

Thanks for the info. This sponsor has always paid on time, interested in the response.

6

Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by dwengca on July 16, 2019, 10:10:23 AM »

Received this private email update after I sent them an email asking about

New Jersey Multifamily Fund II

Philadelphia Multifamily Fund VII

Both of these have been paying consistently every month, but they have recently stopped paying. 





Hi Dennis,

My name is Eric Sullivan and I am the Director of client relations. IIRR management services will be handling all customer concerns on behalf of RealtyShares. We will be happy to try and help.

In regards to New Jersey Multifamily Fund II - sponsor did not pay 2 months.

In regards to Philadelphia Multifamily Fund VII - received a distribution on July 5th for pay period of May. Currently in our approval process. ETA is approximately 5-10 business days. Missing June payment.   

Both of these investment are the same sponsor O-Neill Properties Group.

I will reach out to the asset manager and find out whats going on with the 3 missed payments.

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Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by mspringer on July 16, 2019, 05:09:39 AM »

For those in Linda Terrace, I spoke (electronically) with IRM/RS yesterday and I expect to see an update on the website in the near future.  I don't have any additional information other than I think they are looking a bit deeper this time and hopefully will have more specifics, including a plan of action moving forward.

8

Family Finances / Cell Phone plans

« Last post by ForgingFinance on July 14, 2019, 02:37:36 PM »

Curious if anyone out there has tried one of the smaller cellular providers.

I've looked at Mint, Republic, Ting, Cricket, Consumer, Google Fi to name a few.

Right now I'm looking hard at Google Fi because they seem to have the most seamless option for folks that travel internationally. 

I've been an AT&T customer for over 20 years (way too long). From what I've read, heavy data users (over 4 or 5GB/month) may feel somewhat underserved by the smaller provider. I'm somewhere in the 4GB/month category. 

Thanks in advance for sharing your experience.

9

Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by cleon on July 14, 2019, 10:38:35 AM »

... If your view, or evidence you have, contradicts what the sponsor is telling IRM (and IRM is relaying to us), email IRM at priority@iirrms.com and tell them. I have done this for a couple of projects and they have been responsive...

well stated...

10

Real Estate Crowdfunding / Re: Thoughts On RealtyShares Closing Its Doors To New Investors

« Last post by Hindsight2020 on July 14, 2019, 09:57:54 AM »

There is one glaring statement in practically all (if not all) updates from IRM that has caught my attention.

"*Disclaimer: All of the information presented above is on an as-is basis, as provided to our team members, and has not been independently verified by IRM."

This is effectively the same disclaimer that RS used in its deal documents. Accordingly, we all must remain very focused on the status of our investments, notwithstanding any positive statements from IRM. If your view, or evidence you have, contradicts what the sponsor is telling IRM (and IRM is relaying to us), email IRM at priority@iirrms.com and tell them. I have done this for a couple of projects and they have been responsive. I think they are still trying to learn as much as they can about each underperforming project, including the perspective we can add as investors that have been riding the ups and downs from the start.