They walked away/Bad experience
In September of 2022, I bought a lot with an existing burned down structure from PIP Group (aka: Strategic Passive Investments) in the City of Savannah. I was to fund the removal of the existing structure and the building of a new house on the lot. PIP was to draw up the plans, get permits, hire a contractor, etc. Any profits from the sale of the property were to be shared.
Due to many problems with the project, the house was never built. PIP found a buyer for the lot in August 2024, and I recovered a portion of my original investment. Still, I did take a large loss.
Additionally, there was never any accounting for the remaining funds that were originally advanced, nor a refund for the unused funds. PIP incurred costs to draw up plans, pay permit fees, etc. But it is unlikely that most of the remaining funds were spent.
At one point, PIP stated in writing that they would place me in another investment to make me whole. That never happened.
PIP was expected to account for the funds used and return any unspent money. Despite many requests, PIP has not done so. PIP simply ignored me and moved on.
I would say at this point, any prospective buyer should be aware of the potential pitfalls with this type of investment. Use Google Earth, check with City about any possible problems with surrounding properties or pending liens on the property that may not show on a title search, and meet in person the principal who is offering the investment.








