“The bubble is going to start popping if these guys can’t get out of these deals in time.” Small investors seeking landlord riches without any work plowed billions of dollars into rental apartments.
They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed
Houston Mayor Sylvester Turner last July said living conditions were deplorable at the Timber Ridge Apartments, which was owned by Applesway Investment Group at the time.
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