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Techvestor: Verified Investor Reviews on Invest Clearly
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Website
https://www.techvestor.comOverview
Since 2009, they've navigated diverse real estate ventures, from private lending to short-term rentals. Inspired by Airbnb's rise, they pioneered a streamlined, partnership-driven approach for hassle-free, cash-flowing STRs. With a decade of experience, they now share their success, guiding hundreds in their real estate investment journey.
Address
Year Founded
2021
Operates In
N/A
Asset Classes
Vacation Rental
Accepted Investors
Accredited
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Verified Investor
1.00
"Don't trust this Leadership team; previous investors lost millions to their mismanagement"
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.