Lucid Group of Companies

[Thomas Beyer]

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

 

[JimWhitelaw]

I went to a Lucid presentation back when they were raising money for the Ft. Mac RV park project. Something about them didn't seem quite right (got a weird "slimy" vibe from them) and we didn't invest, but I did enjoy the free beer. From some of the stories on the reviewstalk site, it seems the situation was actually even worse than I'd imagined.