Feroz Basha - Nightmare story of a joint venture, developing property and builders going bust!
Manage episode 384900871 series 3517002
In this episode of Real Estate One Ohhh One, a past client of Geelong Real Estate Co., Feroz Basha, a part-time stand up comedian shares his horror story of what should have been a simple and profitable joint venture between friends.
Listen in as Feroz relives the painful story of how he and a syndicate of 5 friends were taken advantage of by what was essentially a scam that sold them a developer turn-key project, expected to return a 20% margin over 12 months, turned out to be a loss over 4 years.
Great insights of what he'd recommend people do differently and what to look out for.
Feroz is a generous man with a cautionary tale. Keen to hear your thoughts.
Get in touch with Ricky and the team here: www.geelongrealestate.co
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