New Year, more problems, HIGH TAXES!

Hopefully this year brings us better results re: our Sun1031 "investments". we all know that's hopeful thinking, but thought i'd say it anyway.

One thing our owner groups are finding out the hard way, is that since we ALL overpaid SUN1031 for property due to their many misdeeds, that we are paying high property taxes. This has driven NNN tenants away to lower cost centers. this has also has prevented any new leasing in many of the properties.

You really find this out when the tenants leave and owners are left paying their own CAM!

Once a County/City/State get their tax hook in you, they are loathe to lower their rates, etc. the valuations are typically done when a sale occurs.

We have appealed our taxes but have been denied repeatedly. This also can cost money IF your appeal is successful. A tax appeal company can charge 50% of whatever taxes they save you. Or you hire an attorney which may be more cost effective in a few ways.

One center i'm in thru SUN is only 16% occupied, one tenant left. NO DISTRIBUTIONS OF COURSE.

How about that for investing hundreds of thousands of retirement dollars!
How about that for a "high quality, worry free investment"?

In typical SUN1031 fashion, they do NOTHING to help. They simply flipped high cost property. I'm surprised they even answer the phone.

There will be a day when scammers like SUN1031– shawn & ruth coleman of Arizona – will get what's coming to them. You can't scam 1,000 people without a few taking matters into their own hands.

HOW DO THEY SLEEP AT NIGHT?