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Too Good To Be True? part 1
Harry Turnbull
Posted: 28 May 2024 13:38:09(UTC)
#1

Joined: 27/05/2024(UTC)
Posts: 12

So a company called CityGate is signing up landlords who own blocks of flats for a scheme involving social housing. The rents at upto 60% above market value are government backed. Your role as an investor is to provide funds to refurbish the properties in units of £13,500. Each unit promises a return of 60% in three years. It all looks very professional and the line is that the govt is desperate to house asylum seekers, ex cons etc. The immediate red flag is that this too good to be true. Anyone know different?
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