A Minnesota painting contractor with four houses in foreclosureBy
The Minneapolis Star Tribune tells the amazing story of a painting contractor, living with his wife and three children in a trailer park, who three years ago managed to buy four homes worth $1.2 million. He was hoping to flip the homes and get rich off the appreciation. Instead, the real estate market collapsed and his investment properties sank into foreclosure.
The story is part of a series that started April 20 about the unraveling of the investor-heavy Wright County real estate market.
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