New house flipping show enables viewers to invest while watching - Chicago Agent Magazine News + Features
[{"id": "gedmuco", "text": "Sooooo what's the return structure on this? Is everything pro rata? Seems unlikely...", "replies": [{"id": "geefi7u", "text": "You're the first money in and last money out, with all of the liability? Just guessing.", "replies": [{"id": "geeg5at", "text": "That'd be my guess. Probably paying some juicy AM and \"development\" fees too hahah.\n\nGuaranteed the viewers investing are making a junk return on this.", "replies": [], "depth": 3}, {"id": "geen8ax", "text": "And fees. Just wait until you find the fees on page 432 of the prospectus", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gedn18w", "text": "Proving once again that there is a sucker born every minute.", "replies": [{"id": "gefnk0v", "text": "The idea of remotely investing in real estate goes against the advantage of investing in real estate, knowledge of the area and market and control over your assets.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gednzyb", "text": "Yikes.", "replies": [], "depth": 1}, {"id": "gedpw1c", "text": "Lol no potential for anything to go wrong here", "replies": [], "depth": 1}, {"id": "gedsway", "text": "Yikes! Grabbing investor bucks post flip is awful. I could see a legit shark tank like show being cool. Developer shows up with a deal and a plan and investor panel runs their numbers and funds (or not) and then we get to see the outcome.", "replies": [], "depth": 1}, {"id": "gee22q5", "text": "Without actually reading the article... This sounds like an infomercial.", "replies": [], "depth": 1}]