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.
I knew something was fishy about this dude and his company but damn. They live in Atlanta and attend a very prominent church out here, so I’m sure they are making business/potential investor connections at that church.
They strike me as a “wanna be power couple”.
no you dishonest rat b*stard...you saw what i bolded in red, i'll post it again for your dumbass: