Since 2008, I’ve witnessed several epic collapses of real estate investment companies. Some small, some still in court for hundreds of millions. Several private lenders, even mortgage brokerages who originated the private lending have deals go bad.
In speaking to friends who had invested with Epic Alliance, a Canadian real estate company that recently collapsed, the passive investors are now actively scrambling and taking over control of the properties.
As Warren Buffet said, “only when the tide goes out do you see who’s swimming naked.”
Please enjoy the show!