David McAndrews's (dm1031reviews) Blog

SEC announced closing its investigation on Triplenet without any action. A good sign for the industry. However, I would guess with the impending downturn and with some TIC offerings not meeting their promised yields, scrutiny will increase. http://money.cnn.com/news/newsfeeds/articles/prnewswire/...

Given the growth of the 1031 TIC Sponsor market and the lack of regulation, the potential for fraud is high.  A positive sign that S&P is providing third party ratings on 1031 TIC Sponsors: http://www2.standardandpoors.com It's not charity on their part (they get Sponsors to pay a fee I imagine),...