Tulsa Real Estate Fund manager gives tour of recent apartment complex acquisition
- Thread starter Problematic Pat
- Start date
1) If you tell people to invest in you, 500 dollars or whatever, and they MIGHT see an ROI in a few years maybe - 99% of them are gonna say hell no, i don't give a fukk if they come from poor communities or not.
2) this is where game spitting comes in, this is what got Jay in trouble with the SEC - using what they call "forward looking statements" or as we call it "talking shyt"
3) 500 dollars is a lot of money for somebody making a little over 2.5-3K a month especially when they aren't seeing quicker turn around on their investment
4) and you're the first person i've ever heard on here shyt on flipping houses...that's one of the most common ways people make their money grow in this country and has been for years. also most people take out loans to get into that business, not their own personal income. you know this.
either way, i'm still waiting on somebody to explain why investing in this real estate fund makes sense in 3 sentences or less
It got eerily quiet in here - and nobody could post receipts that this investment scheme works, or even makes sense. /thread
Its the same 1-2 people making negative comments in here over and over. The SEC investigation came out clean. If Jay can survive the gov't, whats a internet troll to him?
Those same 1-2 people are posting facts to back their claims, not being whole grown ass men just "believing" in shyt with their hearts
also the subpoena was more of a warning for shyt they were already doing, so nobody came out "clean", it's all here
tulsa_1u.htm
also the subpoena was more of a warning for shyt they were already doing, so nobody came out "clean", it's all here
tulsa_1u.htm
Can someone answer this question? Seems like if this happened monthly, investors wouldn’t be doing guesswork around their investment?
Yes, investors are added to a private mailing list that keeps them updated.
oh shyt the TREF responded to the SEC last month and this is terrible...he doesn't talk like this on youtube or on social media....too "Swaggy" as he puts it 
Tulsa Real Estate Fund, Llc 1-A POS
General Risks Related to Our Business
We are an emerging growth company organized in July 2016 and are currently operating at a loss. There is no guarantee we will ever generate a profit
As of December 31, 2018, we had a net loss of $(184,272). As a result of our start-up operations we (i) have generated very little in revenues, (ii) will accumulate deficits due to organizational and start-up activities, business plan development, and professional fees since we organized. There is nothing at this time on which to base an assumption that our business operations will prove to be successful or that we will ever be able to operate profitably. Our future operating results will depend on many factors, including our ability to raise adequate working capital, availability of properties for purchase, the level of our competition and our ability to attract and maintain key management and employees.
This offering is a blind pool offering, and therefore, Members will not have the opportunity to evaluate some of our investments before we make them, which makes investments more speculative.
We will seek to invest substantially all of the net offering proceeds from this Offering, after the payment of fees and expenses, in the acquisition of or investment in interests in assets. However, because, as of the date of this Offering Circular, we have not identified the assets we expect to acquire and because our Members will be unable to evaluate the economic merit of assets before we invest in them, they will have to rely on the ability of our Manager to select suitable and successful investment opportunities. These factors increase the risk that our Members’ investment may not generate returns comparable to our competitors.
An investment in the Interests is highly illiquid. You may never be able to sell or otherwise dispose of your Interests.
Since there is no public trading market for our Interests, you may never be able to liquidate your investment or otherwise dispose of your Interests. The Company does currently have a redemption program, but there is no guarantee that the Company will ever redeem or "buy back" your Interests. Further, no one is allowed to redeem their Interests until twelve (12) months after the Interests were purchased. The Company will only redeem up to 5.0% of the Interests as calculated on December 31 of the prior year.
Rising expenses could reduce cash flow and funds available for future acquisitions.
Our properties will be subject to increases in tax rates, utility costs, operating expenses, insurance costs, repairs and maintenance, administrative and other expenses. If we are unable to lease properties on a basis requiring the tenants to pay all or some of the expenses, we would be required to pay those costs, which could adversely affect funds available for future acquisitions or cash available for distributions.
Tulsa Real Estate Fund, Llc 1-A POS
General Risks Related to Our Business
We are an emerging growth company organized in July 2016 and are currently operating at a loss. There is no guarantee we will ever generate a profit
As of December 31, 2018, we had a net loss of $(184,272). As a result of our start-up operations we (i) have generated very little in revenues, (ii) will accumulate deficits due to organizational and start-up activities, business plan development, and professional fees since we organized. There is nothing at this time on which to base an assumption that our business operations will prove to be successful or that we will ever be able to operate profitably. Our future operating results will depend on many factors, including our ability to raise adequate working capital, availability of properties for purchase, the level of our competition and our ability to attract and maintain key management and employees.
This offering is a blind pool offering, and therefore, Members will not have the opportunity to evaluate some of our investments before we make them, which makes investments more speculative.
We will seek to invest substantially all of the net offering proceeds from this Offering, after the payment of fees and expenses, in the acquisition of or investment in interests in assets. However, because, as of the date of this Offering Circular, we have not identified the assets we expect to acquire and because our Members will be unable to evaluate the economic merit of assets before we invest in them, they will have to rely on the ability of our Manager to select suitable and successful investment opportunities. These factors increase the risk that our Members’ investment may not generate returns comparable to our competitors.
An investment in the Interests is highly illiquid. You may never be able to sell or otherwise dispose of your Interests.
Since there is no public trading market for our Interests, you may never be able to liquidate your investment or otherwise dispose of your Interests. The Company does currently have a redemption program, but there is no guarantee that the Company will ever redeem or "buy back" your Interests. Further, no one is allowed to redeem their Interests until twelve (12) months after the Interests were purchased. The Company will only redeem up to 5.0% of the Interests as calculated on December 31 of the prior year.
Rising expenses could reduce cash flow and funds available for future acquisitions.
Our properties will be subject to increases in tax rates, utility costs, operating expenses, insurance costs, repairs and maintenance, administrative and other expenses. If we are unable to lease properties on a basis requiring the tenants to pay all or some of the expenses, we would be required to pay those costs, which could adversely affect funds available for future acquisitions or cash available for distributions.
Last edited:
watch how quiet this thread gets 
So are they just updated by one mass email? All legitimate investment funds worth their salt dissiminate investor statements to each individual investor that detail the P&L for the month, the ROI, and the NAV. Because this a pooled fund, I can understand if they can’t detail individual investor position but they should at least have a listing of all investments held under management, and associated expenses incurred by the fund and NAV. This leaves little room for guesswork. Do Jay and the CFO have any prior experience working in investment management?
A lot of what you posted are def red flags, but not everything is noteworthy, for instance.
This is just the nature of investment management. Investors rely on the expertise of the investment manager to make those decisions for them. Which is why investors pay fees because essentially the manager is doing the work on behalf of the investor. Which is why investors should do their due diligence in whom they what to manage their investment.
Again, you pointed out lots of red flags but what I quickly skimmed over, that one wasn’t one.
But.
As a former Big 4 auditor, this is a death knell.
Our independent auditors included an explanatory paragraph in the report on our 2018 financial statements related to the uncertainty in our ability to continue as a going concern.
Auditors don’t give out this type of opinion on the regular. It means death of a company is IMMINENT. The fact that this is a new company is not an excuse.
These are the factors the auditors list.
Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to:
our ability to effectively deploy the proceeds raised in the offering (the “Offering”);
our ability to attract and retain members to our online platform;
changes in economic conditions generally and the real estate and securities markets specifically;
limited ability to dispose of assets because of the relative illiquidity of real estate investments;
intense competition in the real estate market that may limit our ability to attract or retain tenants or re-lease space;
defaults on or non-renewal of leases by tenants;
increased interest rates and operating costs;
our failure to obtain necessary outside financing;
decreased rental rates or increased vacancy rates;
the risk associated with potential breach or expiration of a ground lease, if any;
difficulties in identifying properties, and consummating, real estate acquisitions, developments, joint ventures and dispositions;
recent subpoenas from the Securities Exchange Commission and Federal Bureau of Investigation which have used Company resources in order to comply and of which the outcome of such subpoenas is uncertain.
That is too much risk for black investors who are most certainly giving up money that they can’t afford to lose.
Investors rely on the opinions auditors give on financial statements in making their investment decisions. Any sound investor would have jumped ship after the auditors gave the opinion of their uncertainty of the funds ability to continue as a going concern. Like that is legit investing 101 the things you look out for as an investor. Things that should give an investor pause.
I don’t know, I think people who don’t have a modicum of financially savvy should hold off on investing until they up their financial intelligence because they are just going to lose money.
Last edited:
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.
Have you ever read anything Warren Buffet had to say?
oh shyt the TREF responded to the SEC last month and this is terrible...he doesn't talk like this on youtube or on social media....too "Swaggy" as he puts it
Tulsa Real Estate Fund, Llc 1-A POS
General Risks Related to Our Business
We are an emerging growth company organized in July 2016 and are currently operating at a loss. There is no guarantee we will ever generate a profit
.
Almost all investment is a risk. Some of the most successful corporations the world has ever known operated at a loss for years before they blew up. I can cite them for you.
Does anybody know what Yvette and Tone have done with all their YouTube/PayPal donations?
Have you ever read anything Warren Buffet had to say?
answering questions w/questions? I was very clear with my point and that was that working class people don't typically make investments that take years to see ROI's on, especially when the ROI isn't guaranteed.
does warren buffet regularly promote that working class people do this? if so you have a point.
Do they also say that there is no guarantee that they'll ever generate a profit?
please just answer my questions and address my points...that's enough dap fishing for one day fam
