patrick.net

https://www.thebaltimorebanner.com/community/housing/property-invest-usa-leaves-turkish-investors-scrambling-VOCVTD5DMBEBJNANRU5KQ4MXCA/

Non -paywall version (supposedly)
https://archive.ph/EbEps

Kaiser said many of the homes are rented and can continue to be. But Bayirli sold his clients on an simple process, when the reality was anything but, Kaiser said.

“It’s an easy sell when you don’t tell people about the downside, and promise the upside,” Kaiser said. “They overpromised and underperformed.”

Investor Aylin Öney Dodanlı purchased three homes for a total of $314,000. One was acquired by Property Invest USA for $25,000, and flipped the same day to her for $108,000. It is vacant and boarded up. Another was acquired by Property Invest USA for $50,000 and sold to her for $114,000. A man who answered the door said he was paying rent to Reliable Property Management. A third was bought for $27,000 and flipped for $92,000, and appears uninhabited.

Dodanlı, who lives in Dubai and works for a pharmaceutical company, said her husband and Bayirli were friends in high school. She said when the rental payments stopped coming earlier this year, Bayirli said he was having a problem with his bank. Then people started to comment on Property Invest USA’s social media posts, saying he wasn’t responding to them.

“There are lots of mad people over here who are trying to find a solution,” she said. “We want him to be punished for this.”

Kaiser said he’s continuing to make repairs and keep up with bills on the properties, and offering to work directly with the property owners.

“We’re going to try to retain as many as we can,” he said.

Standing on the porch of his home waiting for a locksmith that never arrived, the pilot wondered if he’d been naïve to invest in property 5,000 miles from home. A group of other pilots had recommended it.

“This is United States. If something bad happens, I can go to court. The United States works efficiently. I thought that,” he said.