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Richmond Slumlord Watch describes The Goswami Scheme

11/12/2009 6:57 PM by

Q_street

Richmond Slumlord Watch does it again, this time bringing to light what they call The Goswami Scheme:

Ok, “scheme” might be giving the Goswamis too much credit. Basically, their business model seems to work like this:

Buy dilapidated house in North Church Hill.

Sit on house for a few years, let deteriorate further.

Try to sell house three years later for a four-to-five figure profit.


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