Invest Clearly empowers you to make informed decisions by hosting unbiased reviews of passive investment sponsors from verified experienced investors.
Myma Cox Osborne
5.00
I’m Myma Osborne, and I wanted to share how positive my experience has been working with Hickory Creek and Kent Leach. Kent has been so very helpful throughout the entire process of investing with my solo 401(k) account. He took the time to answer all of my questions, and his guidance with the paperwork and account setup made everything much smoother than I expected. Kent’s knowledge, patience, and willingness to help made me feel confident and supported every step of the way. If you’re considering investing with Hickory Creek — especially if you’re using a solo 401(k) — I highly recommend working with Kent. He truly goes above and beyond to make the process clear and manageable. Thank you, Kent and Hickory Creek, for such a great experience!
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Hickory Creek Capital Partners
Cheryl Abram
1.00
I invested in three Blake Capital deals (at the time they were doing business as the Djuric Family Office): ** Canopy Creek Apartments, Jacksonville, Florida (Mar 2021-Dec 2021); ended quickly with a moderate return on investment ** Waterford Grove Apartments, Houston, Texas (Mar 2021-Dec 2023); failed resulting in a MIPA and total loss of all investor funds. Failure attributed to bad property management. ** Park North (aka Life at Spring Estates), Houston, Texas (May 2022-Dec 2024); failed with a foreclosure & total loss of all investor funds. Failure attributed to bad property management, bad contractors, bad debt service. Some of the roughest spots for me include: * Deceptive & unqualified deal placement - With Waterford Grove I was led to believe I would be investing directly in the deal, however according to the lead sponsor (which was not Blake Capital) I was not a direct investor in the deal. Instead, my investment went to Blake Capital and Blake Capital was the investor in the deal. Some on Bigger Pockets have called this a fund of funds investment structure, which was not disclosed up front, nor did I knowingly agree to. Park North was a 1031 exchange from the sale of Canopy Creek, and I was placed into a deal for accredited investors only, even though it was known that I did not meet accredited investor criteria. * Poor investor communications – despite being promised timely updates, most Investor reports were either not received unless I asked for them, or they were received 2-3 months late. At times I had to chase, even beg to get updates. As Blake Capital was not the lead operator on these deals, communications and reports were often delayed and second hand. With Waterford Grove, I became aware of the deal's failure and total loss of investor funds four months after the fact, and this information was communicated by the lead operator rather than Blake Capital. Timeliness and transparency in communication was very poor. * Poorly maintained Investor Portal - The investment portal was not consistently updated or actively managed. It required multiple follow-ups to ensure my investment amounts were accurately reflected, and the few dividends received were not recorded within the system. * Late tax statements - Every year I was forced to file a tax extension due to late K1 delivery, causing additional stress and uncertainty around my tax planning and potential penalties. ** Canopy Creek: the 2021 the K1 was received on September 14, 2022. ** Waterford: the 2021 K1 was received on September 14, 2022; the 2022 K1 was received on September 15, 2023; and the 2023 K1 was received on June 13, 2024. ** Park North: the 2023 K1 was received on October 10, 2024; the 2024 K1 has not yet been received. * Legal intimidation - In mid-2024, after several months of limited communication, unresolved questions & confusion, I initiated a discussion on Bigger Pockets to connect with other investors facing similar issues and to gather insights on how they were handling the lack of communication from Blake Capital. Shortly thereafter, I received a letter alleging online defamation and commercial disparagement, which threatened legal action should I not comply with a cease-and-desist request. The primary claim outlined in their letter is: “Four months ago, you started a thread on BiggerPockets.com entitled “Has anyone invested with Djuric Family Office aka Blake Capital Group.” A copy of the thread is attached as Exhibit A. In a post you authored three months ago, you identify yourself as an investor in certain deals associated with the Djuric Family Office “aka now the Blake Capital Group.” You go on to express your dissatisfaction with your involvement with the Djuric Family Office in a manner that suggests Blake Capital Group is the successor to the family office and is somehow the party responsible for the performance of your investments. Your statements are objectively false because Blake Capital Group and the Djuric Family Office are two entirely separate entities. To be abundantly clear, Blake Capital Group is not the successor to or the alternate name of the Djuric Family Office.” This statement is in contradiction to this notification sent by Blake Capital to investors on March 2, 2023. “Firstly, I’m reaching out to thank you for your participation as an investor. As you may know, the last few years have been very productive for the firm, and your trust and confidence in us has made that possible. Going forward, we will now operate under the “Blake Capital Group” banner. Blake Capital will assume responsibility for our current portfolio, and spearhead new acquisitions efforts. In addition to myself, we were recently joined by Henry Post (cc’d) who will serve as our Vice President of Capital Markets. He brings a tremendous amount of experience and has partnered with us on several transactions through his prior firm. We have a few new opportunities for which we are accepting investors. However, in light of the current economic climate, I think it would behoove us to jump on a call so that we can reconnect and get up to speed on your updated investment goals. We can be available at your convenience and are looking forward to catching up. Click here to book a call with me Best, Ian“ Since this notification all aspects of my investments have been managed under the banner of the “Blake Capital Group”, within the Blake Capital Group investment portal and by Blake Capital Group employees. * Hush money offer - In June 2025, I was approached by an Executive Assistant from Blake Capital Group, who stated that the company was prepared to offer $25,000 in exchange for the removal of my Bigger Pockets forum post and a commitment to refrain from making further negative statements regarding Blake Capital Group. I declined this offer. * Gas lighting - On July 02, 2025, I received an email stating “I have never been an investor with Blake Capital, nor have I had any business relationship with the firm” and not to contact anyone within the Blake Capital Group, except for Ian Djuric, who ironically is with the Blake Capital Group. My investor account in the Blake Capital Group has now been deleted & I no longer have access the investments in the portal. Overall, my experience with Blake Capital & Ian Djuric has been completely unprofessional and complete madness, costing me significant financial loss.
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Blake Capital Group
Verified Investor
2.00
I've invested in 2 of their syndication deals. The first one did very well as they sold it in 2022 when values were near peak. The other has had paused distributions for some time now given they used floating rate debt. The operations/property performance are decent, but the increase in debt service cost they have not been able to overcome. They have raised money via a pref note (vs. a capital call) to cover the additional rate cap and loan pay down costs. I think/hope they will have the ability to navigate and in the long run and that they can hold on and or sell if/when market improves. I feel they have done an OK job of communicating the status to their investors
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PassiveInvesting.com
Verified Investor
1.00
I invested in two different deals with Lurin. Both of them are past the pro-forma hold period, with no progress. They contacted me to inform me that one of the assets would be moved into NewCo, a new holding company, and would be transfered at "market value." As it turns out, there was 0% return for the past 3 years. Additionally, they asked for a capital call to refinance apparent poorly conceived debt service. This was supposed to be finished 4 months ago, and haven't heard any progress on that transition nor the progress of the asset itself. The other asset, along with ~$300 million worth of other assets, were suddenly forcelosed on after two capital calls that didn't produce enough capital to do a refinance. I most likely have lost my entire investment three years later. Why didn't they sell?!?! This is a HORRIBLE outcome, one that should not have happened, and only did due to extremely incompetent management decisions. We will be looking into a lawsuit for breach of fiduciary duty. STAY AWAY FROM THIS GROUP!
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Lurin
Verified Investor
1.00
I invested $100,000 in a multi-family property deal they had. I received an email asking if I wanted to receive only 10% of my investment back, a 90% loss, or try to get more of my money back with the new buyer. I would not invest with them again, and if you are considering it, please consider what happened to investors like me.
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Open Door Capital
Sangeetha Ganesan
4.00
I'm in one multifamily deal that has been underperforming. While not ideal, the team has been proactive in addressing the issues and communicates regularly about their progress. Monthly and quarterly investor reporting is solid, and Sean, their Director of Asset Management, has been very responsive to any questions. Overall, I’m cautiously optimistic about the direction of this deal, given Wildhorn's transparency and communication.
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Wildhorn Capital
Verified Investor
5.00
Invested in the debt fund which was a lower entry point that directly with DLP. Solid communication with consistent distributions. Pascal is easy to work with and communication is great. Will be investing more soon.
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Grow Your Cashflow
Michael Ungar
5.00
We have found Passiveinvesting.com easy to work with. Communications have consistent and clear from the very beginning. The owners are heavily invested themselves in any investment they make available to the public and are accessible to answer any questions that may arise about our investment. We know the market is challenging for multi-family investments and are confident that Passiveinvesting.com will take the necessary actions to either maximize our results or minimizing any losses.
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PassiveInvesting.com
Verified Investor
1.00
I concur with the previous review of McKenna Capital ! ! ! They are really good at marketing OTHER GP's deals to collect their "promotion/marketing" fees but they are nothing short of a PATHETIC sponsor! I personally invested six figures into one of their "co-sponsored" deals and the deal has been abysmal! Distributions stopped shortly after acquisition of the property supposedly due to rising interest rates and now occupancy is struggling due to oversupply in the market with new inventory coming online that their WEAK underwriting should have seen in the first place coming down the line. However, I am not sure that McKenna can be blamed as much as the underlying sponsor can be blamed "RISE48" - however McKenna continues to promote and collect lots and lots of marketing fees from RISE48 and others promoting as many GP deals as possible with ZERO due diligence and thus ZERO accountability when things go wrong. All they care about is collecting their promote fee and this is an undisputed FACT! I know personally that Many Many Many of the investments that they promoted and collected hefty fees for "partnering" with others like RISE48 are now so far underwater that they is very little chance of any of us recouping any of our principle back let alone phantom accrued interest after paying back the senior mortgage on the properties! I could go on and on about McKenna but I think you get the point here...do NOT invest anymore of your hard earned capital with them!
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McKenna Capital
Verified Investor
1.00
Chris Salerno and his money raisers started out very strong with all of the bells and whistles. In two short years they lost all investor capital on a project in San Antonio blaming poor property managers and a bad economy in Texas. Salerno was very rude to investors and when questioned, even by attorneys, was told, "investing in risky and you took that risk." I advise to steer clear of anything he, Joe Fairless and Ian Djuric are a part of.
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QC Capital
Verified Investor
2.00
My investments in two ODC funds, marketed as "cash-growth" and "day one cash flow," have been disappointing. Distributions on both funds have been paused for multiple years, directly contradicting their initial stated goals. Although ODC's communication is acceptable, their consistent underperformance relative to even their most conservative projections is a significant concern.
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Open Door Capital
Verified Investor
1.00
I would not recommend investing with McKenna Capital. They heavily promoted a ponzi scheme investment that has since vaporized. They've offered no real assistance to investors, merely forwarding emails from another operator. All they are is a messenger, refusing to take ownership of their failed due diligence or the promotion of a disastrous deal. Their service is underwhelming and severely lacks accountability. Proceed with extreme caution.
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McKenna Capital
Nicholas Soileau
5.00
Been nearly 8 months working with them and I have made an additional investment since I hit the minimum in the Private Debt Fund. Have had zero issues and the communication monthly has been great.
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F Street Group
Nicholas Soileau
5.00
I have been with PPR in the Reliant Income Fund for over a year. Zero Issues. The monthly/quarterly updates are perfect. They stand behind what they state, there have been zero distributions missed. Great company to work with and Stefani is great to work with from the customer relations side!
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PPR Capital Management
Ronald Brummitt
5.00
We are extremely satisfied with working with TJ and his team. Looking forward to future opportunities.
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Burns Capital Partners
Verified Investor
2.00
I'm an investor in one of the car wash funds. The projections going in were quickly adjusted down after close, communication was adjusted from monthly to quarterly, and distributions were changed from monthly, to quarterly, to then none at all. They've done a pretty good job with the detail of the reporting, but it's hard to understand how the deal started underperforming so quickly. If there was an exit, I would take it, but I think I'm locked in for the duration of the hold, at least another 5 years.
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PassiveInvesting.com
Tom Nevin
5.00
“ I want to build a business that I as an LP would invest in”. TJ said this. He is doing exactly that. Diligent, communicative and smart. As long as I’m liquid I will invest in his deals.
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Burns Capital Partners
Verified Investor
1.00
Initially, had good results investing with them in a multifamily deal (Carrington at Brier Creek in North Carolina). Then, we elected to roll over our equity through a 1031 exchange through a TIC with another group to purchase class A multifamily in Katy, TX in late 2020. Despite decent operational performance, the capital stack that they put together has blown up due to the use of short-term, floating rate debt with interest caps. Looking back, with the benefit of hindsight, it was all very predictable, but everyone was drunk on cheap money during the pandemic. Now in 2025, they tried a capital call with very unfavorable terms for non-participants, essentially moving non-participants to the back of the line and promoting old-money contributions for participants ahead of other LP's in the same share class. We did not participate for a number of reasons. I did not appreciate the strong-arming they tried to pull with the capital call, but also didn't want to throw good money after bad. We've lost a lot of capital in deals like this and need to preserve what we have left. They are doing a forced sale now and we are told that we will not receive any of our capital back. Earlier communications indicated that if the asset were sold today, there was 18% left. Going to zero was not in line with expectations. Groups like these are a dime a dozen. I don't see how they add value. They're merely asset gatherers who rode the wave in multifamily appreciation, collecting fees and promotes along the way. Their judgement on macroeconomics and risk is no better than mine. I should have listened to doubts I had about valuations, but I trusted their judgement. One of the founders said and I quote (paraphrasing): "I love low cap rates because they give us more leverage" (due to the multiplier affect on NOI). Well, how has that worked out? It turns out paying peak valuations for RE and layering on short-term debt is risky. The way the call and the forced sale calls into question their integrity. I would not trust them with my hard-earned capital again, even if I could forgive them for their poor judgement and lack of respect for risk.
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PassiveInvesting.com
Dylan Robertson
5.00
Before I discovered Hickory Creek Capital Partners, I felt fairly alone in the LP investor journey. I was looking at a decent amount of deals but didn’t have an extra set of eyes to help discern the operators, the asset class, and specific opportunity. It can be quite overwhelming to navigate the syndication world by yourself so I am very grateful for Hickory Creek as they provide an extra layer of due diligence and expertise. In addition, due to their network and connections, they were able to provide access to a unique tech private equity deal that I would never have had access to otherwise. Investing truly is “better together” and the fund of fund model really does offer that benefit in a powerful way. I look forward to the future opportunities that will arise with Hickory Creek Capital Partners!
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Hickory Creek Capital Partners
Verified Investor
5.00
Investing with Burns Capital Partners has been a really positive experience. TJ is incredibly responsive, easy to communicate with, and always takes the time to answer questions—no matter how big or small. All documentation is provided in a timely and clear manner, and the transparency throughout the process gives me real confidence as an investor. I invested in an income fund that is performing as expected—no small feat given the macroeconomic uncertainty this year. It’s clear the fund was carefully selected, and I look forward to investing with Burns Capital Partners again in the future.
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Burns Capital Partners
Verified Investor
1.00
Terrible inexperienced sponsor that had some luck flipping properties post Covid BOOM and expected rates to remain near ZERO so acquired lots and lots of multi family apartment buildings in the greater Phoenix area at the top of the market 2022'ish and cheapened out by securing "very short term floating senior debt" and now that market values have come back down to reality and interest rates have shot up EVERY SINGLE ONE of their deals is dramatically underwater far below their senior debt thus wiping out ALL of their investors capital. Distributions stopped a very short time after closing and I see no way for them to recover before bank forecloses since debt service is far greater than current income!!! Terrible awful underwriting from Zach Haptonstall their CEO due to his inexperience is down market cycles! Total wipeout of capital is expected, however they keep on taking in additional capital to keep property afloat before REO so that they can collect their management fees!
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Rise48 Equity
Verified Investor
1.00
Just do yourself the favor and Google search 'Techvester reddit', and read the many many MANY posts and comments about how Sief Khafagi (CEO of Techvestor) has already lost millions of investor capital with his previous bankrupt company ScoutPads, and eventually received regulatory penalties from the SEC for his actions. Then you can go further and read how Techvestor's 1st Fund (TVR I) has already paused investor distributions after only 2 years in operation. I invested in their 2nd fund (TVR II) after receiving a presentation projecting 10% annualized yield. Little did I realize that all the numbers they were presenting were before overhead expenses and management fees, which they conveniently never mentioned until I later asked more pointed questions. Little did I know #2 that the fund was so poorly performing and behind on preferred return payments, that as a new investor I would be receiving a tiny share of ongoing profits because more senior investors needed bigger shares to catch up on their pref returns. In the end, I have received quarterly distributions equivalent to less than 1% APR. Every quarterly distribution has been less than the last, and I won't be surprised if they pause distributions for TVR II soon too. All through the process, I slowly noticed a disturbing trend where they responded to my questions with non-answers, or answers to questions I didn't ask, or answers that steered my questions away from sensitive information. They market themselves as TRANSPARENT in their operations, but when I asked straight out for performance data from previous quarters, they responded that they can't show any historical data to me because 'they have tons of copy cats who would love to reverse engineer their business'. All of their words present themselves as professional, but all of their behaviors feel like they are ducking, dodging, and just trying to keep disgruntled investors at bay.
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Techvestor
Verified Investor
5.00
I started investing with NNG Capital Fund in November 2021, using a mix of IRA funds and personal cash. I’ve been really happy with the communication. The team sends out monthly updates that are detailed and easy to follow. The investment process was seamless, with responsive support staff and a smooth experience through the fund administrator. The online portal is also user-friendly, with access to monthly statements, tax documents, and a current dashboard showing my investment. Whenever I’ve had questions, Fuquan Bilal, the fund manager, has been available for direct phone or Zoom calls. He’s easy to talk to, respectful, and knowledgeable. Fuquan genuinely seems to care about doing what’s best for the fund and its investors. He’s been open and transparent about what’s going on behind the scenes, which gives me a lot of peace of mind. If you’re thinking about investing, I’d say it’s worth a serious look. I’ve had a good experience so far and would definitely consider increasing my allocation when I’m able.
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NNG Capital Fund
Verified Investor
1.00
One of the worst passive investments I have ever made! I invested (almost $200,000) with these guys back in 2015 and I have yet to exit any of the investments due to "worse than expected property performance compared to the pro-forma". Distributions all stopped within a year and very little has been done to exit any of these holdings since they wont get paid their mgmt fees anymore if they sell the properties. So my money is DEAD and earning me nothing until such time that they decide to exit these investments (it has been a decade already!!!)
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Alpha Residential
Sangeetha Ganesan
5.00
I’ve had a positive experience with Quad Property Group. The GP is very responsive to any questions and solid investor reporting. I really appreciated that they invited me to a property walkthrough, showing their commitment to transparency. In a tough market, they stepped up and put their own money into a deal when needed, which instilled a lot of investor confidence. One of their deals went full cycle with an excellent return, and I’m currently invested in two active deals with them.
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Quad Property Group
Sangeetha Ganesan
5.00
I’m most impressed with Bolt's monthly and quarterly reporting and investor relations. The monthly reporting format is clear and comprehensive, providing all the information you need without feeling overwhelmed. I’m currently invested in three properties with Bolt—two of which are performing well, and one was underperforming. What stands out most is that Bolt stepped up and chose not to take an asset management fee for the underperforming property, instead worked tirelessly in turning it around. I'll continue to invest with Bolt.
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Bolt Storage
Verified Investor
2.00
Unfortunately, my experience as an investor in Alpha GP Fund I has been disappointing. The performance has been underwhelming, and it’s been frustrating that the quarterly reports are consistently late, creating a lag in understanding the current status of the Fund. I hope the situation improves, but so far, this investment experience has fallen well short of expectations.
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Alpha Residential
Sangeetha Ganesan
5.00
I see a lot of potential in Scholastic Capital’s strategy of acquiring single-family homes (SFHs) in elite school districts. Sean is passionate about the Fund and has a strong commitment to delivering steady cash flow to investors. What truly sets Sean apart is his approach to investors—not only does he value our capital, but he genuinely wants to get to know who is investing in the Fund. He is highly data-oriented, always providing insightful metrics and analysis to back up his decisions. The Fund is so far performing well and I look forward to seeing the Fund scale-up.
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Scholastic Capital
Sangeetha Ganesan
5.00
I’m invested in Fund I and Fund II with Arx Capital, and I’m happy with their performance. From the first time I toured their Fund I properties, I was impressed by the honesty, confidence, and clarity of the team. Nathan, Levi, and the rest of the Arx Capital team are consistently accessible, transparent, and genuine, making the investment process pleasant. The quarterly reports are incredibly thorough and I rarely have follow-up questions because of the level of detail provided. This has given me a strong sense of confidence in their strategy and approach. I look forward to continuing to invest with Arx Capital.
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Arx Capital
John Sims
5.00
When I was introduced to Wellings Capital in 2022, my alternative investments included notes, syndicated multifamily offerings, and debt funds. I wanted to diversify into other asset classes such as manufactured housing communities, self-storage, light industrial, and open-air retail centers. Wellings Capital offered this diversification. I continue to be very impressed with their leadership and team. They have a documented, detailed due diligence process and share the results with investors. Wellings Capital is the standard by which I measure other investment companies.
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Wellings Capital
