Thepropertydevelopmentcourse.com

* This episode was archived June 2019 and is only available for subscribers Property real estate fans! When a contracting business goes into liquidation overnight it can effect a lot of stakeholders. Existing clients can see their deposits lost or their homes uncompleted despite being fully paid for Subcontractors and suppliers can see their credit never being repaid Everyone loses, except for the liquidators and should you choose to get them involved. Unfortunately the only solution at the moment is to be very careful who you contract to do works for you and who you give credit to. You have to do your research and due diligence otherwise you can't really complain when you find out the company with the nice website and charming owner turns out to be a whole lot of nothing In a previous episode I talked about Bernie Maddoff and his ponzi scheme-if you cant trust a pillar of society who has a place on a lot of top boards in New york, opera yada yada yada why would you trust some small builder who you found on