Stomp today profiled a story where a group of investors seem to be scammed by a group called CTL Global. Through property seminars organized by CTL Global in Marina Bay Sands, they were sold the prospect of good yielding “fixer-upper” properties in USA, Fixer-upper are properties that needs redecoration, reconstruction or redesign. The folks didn’t get much rent from CTL Global and some of them were informed that if they do not pay the mortgage, these supposedly foreclosed properties will be foreclosed again.
You can read more here > Singaporean’s lose thousands after US property scheme turns sour
The common advice that seem to resonate with most is “if it is too good to be true, then it probably is”
I think perhaps the lesson learnt here is a bit incorrect.
