Tulsa Real Estate Fund manager gives tour of recent apartment complex acquisition

[Booker T Garvey]

nikka there’s nobody alive that invests in something that takes 5 years to see a ROI, especially when the muthafukka you invested with is rocking furs and building big ass office buildings in Atlanta with your money

Also why can’t you just answer directly about that NFLPA article? Your little stupid ass got flustered by it, just admit it

And that whole “what’s your angle” argument is proof you’re getting mollywhopped in here...i have a stance and I’m defending it better than you, stay mad though.

 

[Hawaiian Punch]

nikka there’s nobody alive that invests in something that takes 5 years to see a ROI, especially when the muthafukka you invested with is rocking furs and building big ass office buildings in Atlanta with your money

Also why can’t you just answer directly about that NFLPA article? Your little stupid ass got flustered by it, just admit it

And that whole “what’s your angle” argument is proof you’re getting mollywhopped in here...i have a stance and I’m defending it better than you, stay mad though.

Public nontraded real estate investment trusts (reit) are not liquid investments, which means they are long-term investment into real estate. Jay is a manager of the fund, which means he gets a salary from this.

Here’s the thing every crowdfunded REIT works like this. Personally I have invested in a company called realty mogul. I get regular dividend returns but since they invest in real estate the principal is not liquid.

RealtyMogul.com™ | Real Estate Crowdfunding & Investing

Jay works the same way. Since he’s black tho we are programmed to question him and ask “what’s the angle?”.It has to be a scam we figure. We don’t do this with Grant Cardone or the site I mentioned. I haven’t invested in Jay so I’m just as guilty.

 

[NeilCartwright]

Can someone explain what his real estate fund is for the uninitiated like me?

Its a fund where a large group of people pool their money together to buy properties. Usually with a guaranteed return. Whatever that percentage may be.

In this case, its black owned and the main goal is to slow down gentrification. More so that the actual expected returns for the people who invest. Basically if your goal is to run up a bag for yourself, do your own thing, but for examples if you want to stop cacs gentrifying the West End of ATL, near the new football stadium, near all the HBCUs out there then this is for you. If you're thinking bigger picture. Group economics.

I applaud him. Forreal. Its not easy to get all the paperwork together, but im sure they have a legal staff that deals with all that. And as far as the people hating, 9/10 they simply dont know what the hell they're talking about...just pure ignorance.

All you can do is stay solid and try and educate those who are willing to listen!

 

[Booker T Garvey]

Public nontraded real estate investment trusts (reit) are not liquid investments, which means they are long-term investment into real estate. Jay is a manager of the fund, which means he gets a salary from this.

Here’s the thing every crowdfunded REIT works like this. Personally I have invested in a company called realty mogul. I get regular dividend returns but since they invest in real estate the principal is not liquid.

RealtyMogul.com™ | Real Estate Crowdfunding & Investing

Jay works the same way. Since he’s black tho we are programmed to question him and ask “what’s the angle?”.It has to be a scam we figure. We don’t do this with Grant Cardone or the site I mentioned. I haven’t invested in Jay so I’m just as guilty.

this didn't even come close to answering my question, but i'll play along:

- people making 35-40K a year ain't investing in anything that "might" see them an ROI in a few years

- anybody that does this has to have money to burn - this is more than likely why Jay targets pro athletes

you claim to have gotten regular dividends from yours, how long before you got your first check? how much was it? etc etc...

believe it or not i'm actually trying to have dialogue, as long as people keep juelzing and dancing around basic questions, it's gonna come across as being combative or "hating"

 

[NeilCartwright]

nikka there’s nobody alive that invests in something that takes 5 years to see a ROI, especially when the muthafukka you invested with is rocking furs and building big ass office buildings in Atlanta with your money

Also why can’t you just answer directly about that NFLPA article? Your little stupid ass got flustered by it, just admit it

And that whole “what’s your angle” argument is proof you’re getting mollywhopped in here...i have a stance and I’m defending it better than you, stay mad though.

Breh i think you're missing the point of all this...the entire point of the fund isnt so much the investors put in $500, and get 7% back in whatever time period they advertise.

Its more so about black people pooling their resources together to effect change in a positive way. To combat gentrification. To make a difference in arenas where we haven't been able to, because we haven't had the money to do so.

Its frustrating when people go off the handle and ask "Where's my $35 return on the $500 i put in last year, times almost up." When thats not the point of the fund

 

[Booker T Garvey]

Breh i think you're missing the point of all this...the entire point of the fund isnt so much the investors put in $500, and get 7% back in whatever time period they advertise.

Its more so about black people pooling their resources together to effect change in a positive way. To combat gentrification. To make a difference in arenas where we haven't been able to, because we haven't had the money to do so.

Its frustrating when people go off the handle and ask "Where's my $35 return on the $500 i put in last year, times almost up." When thats not the point of the fund

Here you go...a comment under their facebook post from 3 weeks ago:



Terrell Deberry I invested $1000.00 at start up of Tulsa Investment. I strongly desire success.
The problem is with all this success talk why has my investment dropped from $1000.00 to roughly $900.00 value as of my 2018 end of year Tulsa investment report.
I would like to see Tulsa show actual investments whereby people like myself have invested $ 500 to $2000 dollars and show have those investments show positive increases or negative increases.
Show Facts! Less Rhetoric more facts! Show the numbers to your current investors as well as your potential investors.
Great Tulsa that you are making money but show us concrete evidence your investors are making money too!

you were saying?

 

[MrRDU]

But it was crazy how people were going in on him, as if there aren't black people out here buying real estate everyday. Grant Cardone is doing the same exact kind of fund, and I didn't hear anyone have shyt to say about it.

Really
Its the same reason ANY Black person who preaches independence & speaks against white supremacy gets hated on here. Ex. Tariq & Polite. But the dead ones get love

 

[Rawtid]

Breh i think you're missing the point of all this...the entire point of the fund isnt so much the investors put in $500, and get 7% back in whatever time period they advertise.

Its more so about black people pooling their resources together to effect change in a positive way. To combat gentrification. To make a difference in arenas where we haven't been able to, because we haven't had the money to do so.

Its frustrating when people go off the handle and ask "Where's my $35 return on the $500 i put in last year, times almost up." When thats not the point of the fund

Yeah in similar funds a lot of people re-invest the dividends.

 

[Hawaiian Punch]

I think when it comes to investing I’m always curious if people understand what dividends, yield or interest mean. Good example you have $1000 in an account that pays 3% interest. After a year you get $30. If it pays quarterly then every 3 months you get $7.50.

- people making 35-40K a year ain't investing in anything that "might" see them an ROI in a few years

I agree. That’s why poor people typically stay poor. Investing requires time and consistency. Most people want instant gratification and investing rarely gives that. The problem is people only focus on the outliers and be like “this dude made a million dollars off of bitcoin!!”. Ok so what? If you consistently invested a small amount over time it will lead to a big payoff.

- anybody that does this has to have money to burn - this is more than likely why Jay targets pro athletes

This is true they have capital to invest.

you claim to have gotten regular dividends from yours, how long before you got your first check? how much was it? etc etc...

Mogul REIT pays about an 8% annualized return payed out in monthly dividends. Here’s the thing breh I prefer investing in stocks because all my funds are liquid. I put a $1000 in mogul just to test. Got the first return in about a month, which was $6.50. To date I have received about $200 in returns, but I do dividend reinvestment to increase my total return amount.

I’m not against investing in real estate but I prefer stocks because if I want all my money back all I have to do is sell the stock. With real estate your principal money is tied up in the real estate, so If you need it the total money is harder to get.

 

[NeilCartwright]

Here you go...a comment under their facebook post from 3 weeks ago:



Terrell Deberry I invested $1000.00 at start up of Tulsa Investment. I strongly desire success.
The problem is with all this success talk why has my investment dropped from $1000.00 to roughly $900.00 value as of my 2018 end of year Tulsa investment report.
I would like to see Tulsa show actual investments whereby people like myself have invested $ 500 to $2000 dollars and show have those investments show positive increases or negative increases.
Show Facts! Less Rhetoric more facts! Show the numbers to your current investors as well as your potential investors.
Great Tulsa that you are making money but show us concrete evidence your investors are making money too!

you were saying?

If the fund is making money. You’re making money. You invested in the fund, therefore its success is your success.

As far as $1000 turning to $900. That’s not uncommon. Real estate isn’t my arena, but investments fluctuate year to year, but over X amount of years it should show an upward trend.

Bro please google some articles on investopedia, to get a lil background on how most of this stuff works. I understand we have been marginalized out of these industries for centuries but now we got the internet, we can read up on damn near anything.

When you & similar ppl spread this type of thinking, anyone with some sense could brush it off, but for the brehs who are new to it, they take it as fact. Now you’re throwing their whole daft finding journey off. Shyt ain’t cool Breh. It’s like the blind leading the blind.

Peace

 

[KyokushinKarateMan]

It got eerily quiet in here - and nobody could post receipts that this investment scheme works, or even makes sense. /thread

 

[invalid]

Its a fund where a large group of people pool their money together to buy properties. Usually with a guaranteed return. Whatever that percentage may be.

In this case, its black owned and the main goal is to slow down gentrification. More so that the actual expected returns for the people who invest. Basically if your goal is to run up a bag for yourself, do your own thing, but for examples if you want to stop cacs gentrifying the West End of ATL, near the new football stadium, near all the HBCUs out there then this is for you. If you're thinking bigger picture. Group economics.

I applaud him. Forreal. Its not easy to get all the paperwork together, but im sure they have a legal staff that deals with all that. And as far as the people hating, 9/10 they simply dont know what the hell they're talking about...just pure ignorance.

All you can do is stay solid and try and educate those who are willing to listen!

Thanks. I’m familiar with real estate investments funds. In fact, one of my mentors owns a very substantial real estate investment company and its black owned.

Capri Investment Group

I wasn’t sure what Jay Morrison actually did (if he owned a real estate company or an investment company) so I wasn’t sure if he had a legit real estate investment fund. Does he provide monthly or quarterly statements to investors that provide detail about their positions in the fund which is standard for all investment companies?

 

[Booker T Garvey]

I agree. That’s why poor people typically stay poor. Investing requires time and consistency. Most people want instant gratification and investing rarely gives that. The problem is people only focus on the outliers and be like “this dude made a million dollars off of bitcoin!!”. Ok so what? If you consistently invested a small amount over time it will lead to a big payoff.

This is true they have capital to invest.

first of all, that what I bolded sounds republican as fukk...people who make 40-50K don't invest like that because they can't afford to wait 5 years for a ROI

secondly, it sounds like you agree with me, you've gotta be balling to invest in THIS type of fund...

I know plenty of working class people that flip houses, you may as well just do that instead of wasting time with this...I'm wrong?

 

[Booker T Garvey]

If the fund is making money. You’re making money. You invested in the fund, therefore its success is your success.

As far as $1000 turning to $900. That’s not uncommon. Real estate isn’t my arena, but investments fluctuate year to year, but over X amount of years it should show an upward trend.

Bro please google some articles on investopedia, to get a lil background on how most of this stuff works. I understand we have been marginalized out of these industries for centuries but now we got the internet, we can read up on damn near anything.

When you & similar ppl spread this type of thinking, anyone with some sense could brush it off, but for the brehs who are new to it, they take it as fact. Now you’re throwing their whole daft finding journey off. Shyt ain’t cool Breh. It’s like the blind leading the blind.

Peace

Why can't you dudes defend Jay and TREF in just 3 or 4 cohesive sentences? why the 10th grade level essays?

Like I said to your cohort in this thread; I know a lot of people who flip houses, sometimes they hit sometimes they don't - that sounds like a wiser investment than this here

of course sans the "i'm black and we black so let's do this as black folks" hustling and scamming bullshyt

 

[Hawaiian Punch]

first of all, that what I bolded sounds republican as fukk...people who make 40-50K don't invest like that because they can't afford to wait 5 years for a ROI

secondly, it sounds like you agree with me, you've gotta be balling to invest in THIS type of fund...

I know plenty of working class people that flip houses, you may as well just do that instead of wasting time with this...I'm wrong?

Me and you are not on in agreement. I think a lot of people do not understand the concept of time and compound interest. It does not take a lot of money to make money. It takes patience and consistency. Unfortunately in poor communities, WHICH I COME FROM, we are not educated on certain things. We are taught depreciating assets are symbols of success. Fortunately now that we are in the Information Age people are learning. Previously we were denied this information.

Also you do not have to be balling to be in that fund. $500 is not a lot in the grand scheme of things. The same person who doesn’t have money to invest will have money for weed, lotto tickets, sneakers and liquor. Investing is a mentality that can be taught not a political affiliation.

I don’t like that idea of “yeah just flip houses” like it’s easy. You need access to a large sum of cash or credit and there’s no guarantee the flip will work. For every person that did it successfully there’s a greater number that lost their shirt. But again I’m not a flipper. I prefer stocks because they don’t require a lot of money, you can get a nice return on your investment, they are liquid and work both short and long term.