Have a look at this Toddg before you consider Detroit. It is all too easy to get taken in by slick advertising and promises of high rents…the truth is rather different.
mindthe gap replied to the topic I have been asked for people willing to tell their ‘Ive been ripped off’ US RE story – Please help. in the forum Overseas Deals 6 years, 10 months ago
Metro Property Group the largest purchaser of foreclosed homes in Detroit is being sued for fraud and racketeering. A 116 page complaint has been filed with Detroit Federal Court naming Sameer Beydoun, Ali Baydoun, Tarek Baydoun and Chris Picciurro amongst the defendants.
The suit alleges that Metro Property Group are in effect running a Ponzi…[Read more]