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Tom Napiontek Warns New Investors to Avoid Property Investing Scams Amid Surge
Local real estate investing expert, Tom Napiontek, is reminding investors of increase in investment scams.
“Globally, other economies are struggling, but our rents are increasing and our economy is growing,” Napiontek explained. “It's the perfect time for predatory investment schemes to start emerging.”
Colliers International's 2012 Global Investor Sentiment Survey revealed that more than half of Canadian investors plan to purchase more rental properties in 2013. The same survey also revealed that competition among investors – both domestic and international – has increased as properties available for sale have become harder to find.
Napiontek's advice to potential investors is to always seek a second opinion from a real estate professional when it comes to “too good” deals. He also encouraged investors to verify the contact information, background and credentials of companies that put on seminars and use high-pressure sales tactics. Napiontek said the Canadian Securities Administration’
About Tom Napiontek
Tom Napiontek is a financial specialist in the Canadian real estate market who has spent his career helping entrepreneurs worldwide increase their wealth through real estate investing. Napiontek serves as managing director for a well-known local real estate investment firm, and dedicates a large portion of his time to Vancouver-area charities.