I thought it was just me. I brokered 2 notes and thought that my investors were in good hands at Peak. My investors even talked to John directly. Months pass, no check or anything. When they called Peak for an update, Tammy couldn’t even find their loans in the system! My investors were so panicked they gave me an earful. I called Peak and resolved the issue, but the service and slow responsive has been poor.
I have a group of investors who are looking for a fixed return with performing notes. These investors will be a mix of cash & SDIRAs/ personal & business entities. I want to do all the work and make this a truly passive investment for my investors. Mainly, I want to have an LLC (or even a fund) that’ll allow me to offer a preferred return of 6-8% and then perhaps do a waterfall approach for anything over. I guess that’s not exactly a JV, but more of structuring a deal, so I’m not sure a JV-type LLC would make sense.
