Service a response to burned investors
Dunn, who heads up apartment specialist real estate agency City Sales, said he was constantly picking up the pieces for people who lost money in schemes such as Blue Chip.
Choosing properties to invest in was something that a lot of people did not do well, he said. That was why he had started City Sales Investments (CSI), which launched today. “All I see all day every day are people coming to me who have made terrible mistakes.”
Interest in the offer had already been significant, he said. “We sent out 30,000 emails this morning and have already got 10 registered clients. I knew it would be a flashpoint in the market.”
Dunn had hoped to launch Dunn Funds, an investment vehicle that was to raise $7.5 million by offering shares at $1 each and buying 10 residential properties in Auckland.
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