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77. A $1.7M Matrimonial Mess - The Legal Consequences
Manage episode 408858908 series 3425195
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What steps can investors take to conduct thorough due diligence before engaging in overseas property investments? What lessons can investors learn from this case when dealing with overseas property investments?
In this episode, Jonathan talks about a legal case, where a legal dispute between investors and sellers. The investor spent around $1.5 million to purchase five small condominiums in the Philippines, hoping to earn substantial rental income. The seller's pitch promised an enticing 7% annual return on investment for at least three years. However, the promised rental income ceased after a year, and the properties were never transferred to the investor.
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