
12 January 2017 | 16 replies
The rest never got their documents because they were told the documents would all be posted online on the company's website.It never happened.In Indianapolis, Ms Tan's company popped up in county land sales records of 2013 as the buyer of at least 18 low-priced homes in Center Township.These purchases stood out, because at least eight were sold by non-profit group New Day Residential.In May 2013, the president of New Day Residential was among five people charged in a kickback and bribery scandal involving vacant homes sold by the city-run Indy Land Bank.FRAUDOne John Hawkins pleaded guilty to wire fraud in an alleged scheme to reap kickbacks from the sale of abandoned properties last June.On Sept 2013, The Indianapolis Star reported that CTL Global Holdings had already resold some of its Indianapolis properties "at prices sharply higher than it paid for them to buyers with Asian names".For instance, records in 2013 showed two side-by-side houses bought by CTL were sold by the Land Bank to New Day for US$2,500 (S$3,390) in March.They were resold that same month to CTL for US$10,000 and in April, CTL "flipped" the houses for US$38,334 each to the current owners.Both homes remain unrenovated.How their troubles started"The first sign of trouble was six months after, when the property management company engaged by CTL started communicating directly with us, the investors," said Mr Kenneth Ng.The property management company in question is in the US.Mr Ng's troubles were echoed by many other investors and The New Paper on Sunday met with seven of them on Jan 24.A 60-year-old investor told TNPS on Friday that he bought two properties in Indianapolis and paid in full, spending about $100,000 in all."

3 April 2022 | 18 replies
Things have just started to move up after the "Lava Jato," Car Wash, Billions of Dollars Kickback Scandal that put 500 Politicians and the President in Jail.

19 September 2021 | 8 replies
You turn on the news, log into Facebook, Twitter, or IG, and can easily be bombarded with the latest scams, scandals, crimes, threats, tragedies, all of which further reinforce our confirmation bias.As it pertains to real estate investing, there will always be a naysayer, telling you you’re making a mistake, telling you all the things that could go wrong, when in reality, we all know that real estate runs in cycles, and is a time-tested asset class.

18 January 2022 | 5 replies
So, how do you BRRRRR and buy-and-hold in a scandalously hot real estate market?

3 November 2022 | 9 replies
My issue with public REITs, like @Mike Dymski said, is that their value is impacted by CEO scandals, wars in Europe, random tweets and the mood on Wall Street.

8 June 2016 | 2 replies
Will this scandal end up shedding a bad light on investors?

12 June 2017 | 126 replies
And then to top it off there has been a scandal where allegedly the CFO attempted to extort money from them for not doing appropriate due diligence (and by the way this is alleged by Fundrise, so I see no reason to doubt it).
31 March 2016 | 2 replies
News and scandal in both directions from the same publication and even author is far more prevalent than is noticed till you start examining the copy regularly.

31 March 2016 | 9 replies
(It seems to me, that's the ONLY reason transactional Lenders exist - to help skirt the whole "illegal" unlicensed Wholesaler issue, and to hide those scandalous wholesale profits).So now you know "THE secret"!

13 May 2016 | 10 replies
We all survived the robo-signing scandal in 2010 and those attorneys I chose to work with back then are still in business today in Florida, which is no small achievement.