Real estate JVs and its bigger brother, real estate syndications, are a great investment vehicle that can be structured properly for win/win and can provide average investors opportunities in larger or smaller real estate deals outside the often volatile stock market.
I find real estate firms that go into receivership or fail interesting as there is usually a common thread of over-leverage, mis-management, inexperience, excessive fees, value uplifting on purchase, besides the occasional real intentional fraud or major market correction.
I tried to capture those lesson in this blog, so others (and I) can avoid these failures: http://www.reviewstalk.com/?search=lucid and especially in this 22 page thread: http://www.reviewstalk.com/complaints-reviews/lucid-group-of-companies-l7921.html
I find real estate firms that go into receivership or fail interesting as there is usually a common thread of over-leverage, mis-management, inexperience, excessive fees, value uplifting on purchase, besides the occasional real intentional fraud or major market correction.
I tried to capture those lesson in this blog, so others (and I) can avoid these failures: http://www.reviewstalk.com/?search=lucid and especially in this 22 page thread: http://www.reviewstalk.com/complaints-reviews/lucid-group-of-companies-l7921.html
From some of the stories on the reviewstalk site, it seems the situation was actually even worse than I'd imagined.