Former "We Buy Ugly Houses" franchisee pleads guilty to defrauding investors

[ficuswhisperer]

@GulliverFoyle

The franchises legally pay rock-bottom prices for homes in poor repair or that the homeowners need to sell ASAP, hold them for a few months paying contractors to get them into better shape, and then sell them on the normal real estate market.

Sounds to me more or less like a real estate spin on the “Ca$h for Gold” scam.