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Chicago Property Management Blog

Losing 50 Rental Properties to Theft | David Greene

Recently we had author, investor, & Bigger Pockets Podcast Cohost David Greene on the show and he told to Straight Up Chicago Investor podcast listeners something that shocked us all.

David Greene, a respected figure in real estate, shares a turbulent journey losing control of 50 properties to fraud. Exploiting a website glitch, fraudsters transferred titles and sold them. David faced law enforcement delays and tenants' confusion. Reclaiming his properties, he encountered 1031 exchange challenges due to a rule limiting property identification, forcing rushed decisions. 

Luxury property investments led to regulatory issues, and rising interest rates strained refinancing, impacting his brokerage and mortgage company. 

Despite setbacks, David's story underscores the need for resilience in real estate's unpredictable landscape.


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