The free-for-all of asset bubbles builds a world of hurt for would-be “investors” who neglect math and due diligence work. Old lessons are ripe for relearning here. See: Real estate company collapses, 500 homes affected, $10m from investors across Canada missing. “Fund-A-Flip…hassle-free landlord programs”…so many red flags…
A judge has assigned a special investigator to look into the collapse of a Saskatoon real estate group in January. Epic Alliance managed more than 400 properties in Saskatoon, most in core neighbourhoods. It also had a pool of more than $10 million from investors. Here is a direct video link.
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