Rise & Fall of Bel Air's Most Notorious Real Estate Tycoon

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Күн бұрын

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Mohamed Hadid has filed for bankruptcy (again) on one of his development projects out in California. From his Cedarbrook projects to his Strada Vecchia project, Hadid has been the source of a lot of controversy in the luxury real estate development scene over the years. Today we talk about the latest news.
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-Scott
#realestate
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Пікірлер: 401

@OLDMANTEA 2 ай бұрын

When normal people file for bankruptcy, they typically have no money left. When rich people file for bankruptcy, it’s to stay rich.

@puddincup9879 Ай бұрын

White, not rich 😊

@qwenqwen1476 Ай бұрын

So true!

@jamalnasir5648 24 күн бұрын

need to bring back debtor jails for these type of amounts. This is all possible because there is no jail time for any of this. It is a civil matter and not criminal. It used to be crime

@DORSEYLANDRIA 2 ай бұрын

ive always said that L.A. developers and real estate agents are cartoon characters

@Real.Estate.Report 2 ай бұрын

😂

@gerardguida7727 2 ай бұрын

They've been called worse....

@chinaboss6683 2 ай бұрын

I'm a realtor and living the good life. The haters hate cause i'm ballin. 😎

@cmichelle6888 2 ай бұрын

😂😅🤣

@thebiglebsshow6603 2 ай бұрын

Personally I suspect money laundering. Even the people he borrows from aren't exactly legit

@ALIA-bb4gr 2 ай бұрын

Get busy and mind ur own shit

@Crypto_Circus 2 ай бұрын

He pays himself a salary most likely so he gets paid no matter what. Why finish the project? Sounds like he’s just running a grift at this stage.

@Real.Estate.Report 2 ай бұрын

That’s a good point… could be skimming off a million dollar salary then walking away

@Crypto_Circus 2 ай бұрын

@@Real.Estate.Report Most likely what is happening, why wait 6 years or more to get paid. Get paid upfront and then abandon the project. I'm sure more details will leak out soon.

@shelbynamels973 2 ай бұрын

If he wears multiple hats, he can get paid from multiple sources for performing various responsibilities.

@Bambotb 2 ай бұрын

He pays himself from the llc or what

@Itsjustme1982 2 ай бұрын

I actually worked for this man in his personal residence on Nimes Road in Beverly Hills, CA. The La Belvadere home. I work as a handyman. Was probably one of the most incredible houses I had ever worked in.

@Real.Estate.Report 2 ай бұрын

Wow that’s awesome, cool experience I’m sure

@kazaabitboll2026 2 ай бұрын

Did he pay you at least?

@loktaroghar 2 ай бұрын

@@kazaabitboll2026odd behaviour from him. He was actually a good businessman and did pay his employees well. So idk what he is up to

@Chris-vz2kv Ай бұрын

@@kazaabitboll2026yes he did. He’s a good man with very big dreams.

@mob4336 Ай бұрын

Yeah I heard he had some crazy homes

@ashishpatel350 2 ай бұрын

bros life is just a house of cards.

@thegreatpaulsmith 2 ай бұрын

He's a money launder. Look who he sells his houses to

@Bambotb 2 ай бұрын

Or you should look for the 1 trillion disappeared from pentagon from tax payers while you’re at it 😂 people escaping taxes so that the government launders them is not laundering

@ortenciafigueroa2782 2 ай бұрын

Hoĺa.no.eniendo.nada.delo.que.dices.español.traducion.okey

@ortenciafigueroa2782 2 ай бұрын

Y.porque.te.ries.eso.es.bjrla.okey

@harison7778 Ай бұрын

Who does he sell to

@thegreatpaulsmith Ай бұрын

@@harison7778 heads of state of different countries

@shadowfilm7980 2 ай бұрын

These huge houses usually look ugly. On the inside. Poor taste in design. Furnishings. Rich people usually don’t have the greatest taste in design. Furnishings. They don’t. 😬😵‍💫

@surfstarcc1 2 ай бұрын

You would think the lenders would do their homework and realize lending him money is a bad idea.

@Real.Estate.Report 2 ай бұрын

I know right

@gidd 2 ай бұрын

What most people don't understand is that relationships go a long way. When you're Mohamed and have years of industry connections, you don't go through the typical evaluation process. It's sad but true.

@BillWoodillustrator 2 ай бұрын

His daughter will bail him out….

@TheRealHempress 2 ай бұрын

Skylark and the other co's. are his own companies going through the lawsuits and lending him money.

@franzvanjulio5523 2 ай бұрын

They’re just as greedy as him and it clouds their judgement.

@jonathantalaie 2 ай бұрын

Money laundering at its finest

@LudiCrust. 2 ай бұрын

100%. I think he goes that route after trying & failing to rip off foreigners by selling them sight unseen properties for 4 or 5+ times what he paid for them. He’s the king of buying $5M hillside lots & trying to get suckers to pay $25-30M+. Or he’ll buy some crappy $2-3M lot on the side of a steep mountain & build some a hideous house on stilts & charge premium luxury prices. If he was legitimate & really had the money he acts like he has he’d be buying the best properties & building the best houses. All the houses he builds seem to be bachelor pads that end up getting torn down after the original buyer manages to sell them. Pretty much every property I know of he’s been involved in has been such a bad ripoff it smells like something else is going on.

@swimbod21 2 ай бұрын

Probably funding Hamas 😅

@ALIA-bb4gr 2 ай бұрын

@@swimbod21sure same as you find criminal Israel ! At least he might not use tax payers money so shut up

@ALIA-bb4gr 2 ай бұрын

@@swimbod21i hope he does like you fund your criminal Israel ! Get busy

@venganzamujer354 2 ай бұрын

Exactly and why a Palestinian would want to set up in the area full of Jews, is my question

@WilliamInternational 2 ай бұрын

He’s just filing bankruptcies on business ventures, he’s screwing the banks/investors, not personal bankruptcy. I’m sure he paid himself from that bank account until it was empty. He wont be getting any new loans but he probably had plenty stashed for himself.

@michealchatman3345 2 ай бұрын

Correct he paid him self no matter what lol

@markdempsey9099 2 ай бұрын

Shell companies laundering money through outlandish development projects, pulling large amounts from one to service the debt load of another. Hadid was gambling with dirty money and it bit him in the tuckus. As a subcontractor I would demand a surety bond to ensure payment, especially with him.

@butwhytharum 2 ай бұрын

Sounds like a trump deal

@markdempsey9099 2 ай бұрын

@@butwhytharum exactly 💯

@nicholaslandolina 2 ай бұрын

Yup and now his daughters are thrown into danger

@nicholaslandolina 2 ай бұрын

Maxes out purchase price and doesn't realized the snapback comes

@nicholaslandolina 2 ай бұрын

He shouldnt be at that caliber without understanding market pullbacks... And time loss value of money

@chrisengletx 2 ай бұрын

Zack Vella is my neighbor- a summer house he owns in the Hamptons. He's not to be trifled with.. brilliant and really tough. I'm convinced he knew the risk of default was super high and he was playing some sort of chess match knowing he'd have the right to take the land in default or resell it in some way. Given how long Hadid has been defaulting on loans and how incredibly aggressive Vella is, there's no doubt that wasn't part of the calculation.

@Real.Estate.Report 2 ай бұрын

Very interesting... thanks for sharing that. I recall seeing Zach Vella on million dollar listing and thinking back then that he seemed like a very sharp businessman.

@shelbynamels973 2 ай бұрын

you have my sympathies.

@jar2222 Ай бұрын

They both know what they’re doing.

@jamielancaster01 2 ай бұрын

@ 3:16 he actually bought the the property on 6/18/2013 and tried to sell it for those two prices that you’re showing. He actually paid $2,500,025 per the LA Tax Portal.

@frenchthomasmusic 2 ай бұрын

the woodwork in le belvédère is amazing, you’ve gotta love the general decorum, but it’s great work

@socket_error1000 2 ай бұрын

What I don't understand is why investors/banks loaning so much money on construction like this are fronting so much of the money up front? This is not normally the way it is done, even on a large project. It is done in stages and only to cover the cost of the stage the project is in and money for the next phase is only released when the previous is completed. The banks/investors have their own inspectors that check the work to make sure it is complete to the point expected and all up to code and signed off before approving the next release of funds. This means that the contractors only get paid for what they can finish and if they come up short, file for bankruptcy, or some other issue evolves to cause a change in the project, they are not walking off with all the money for the entire contract. It also keeps the developer from paying interest on money not needed yet. Even people who build their own homes do it this way and once the home gets its final inspection the bank converts the construction loan to a mortgage. Either he just got all the money and then squandered it, or he only got a small portion of it and either because of cost overruns or other factors, the cost of the next phase increased to the point that both the contractors and the banks did not want to do it for the agreed upon amount. This could result in the next stage funds not being released and the project being broke and sitting with no progress for so long.

@user-le5bb9pe5n 2 ай бұрын

Ever heard of money laundering? Questionable resources. ….i smell many dirty deals. Ery typical of money laundering….just like Kim Kardashians.

@shelbynamels973 2 ай бұрын

That's usually the way it works if a legit bank finances the work. But Skylark Capital is just as shady as Hadid himself, I think.

@ashleylala4293 2 ай бұрын

The level of greed that these people have is unbelievable. They could have a Scrooge McDuck room filled with gold coins to swim in and it still wouldn’t be enough for them, they will always want more.

@janicemaslanko1376 2 ай бұрын

I enjoyed your dive into this story. Interesting when you examine the details. Could be a great Netflix biopic.

@user-cv3bv5or9m 2 ай бұрын

Too bad about the Cedar Brook project, I loved that one. Would like to see it finished and him stop filling for bankruptcy. Keep up with the great work my friend. I enjoy your videos! 😎

@SpencerCornelia 2 ай бұрын

that brick in the ceiling is fascinating. and i think it looked pretty great.

@Stories_I_Tell_Ya 2 ай бұрын

Dude that movie room had me in love! It reminds me of the palace theater I grew up visiting

@toomuchdrivetothrive 2 ай бұрын

Classic bait and switch. He never intended to build that property. Just get the loans for it to cover other expenditures.

@user-le5bb9pe5n 2 ай бұрын

That home was done illegally shoring up the cliff side, and was building without a license to do that. Haddid does not pay his bills and taxes. Money laundering?

@BarryWMedinaMusic 2 ай бұрын

Why are they not funding him in stages of completion VS giving all the money up front ????????!

@chriswhynder8311 2 ай бұрын

Right!

@luciannakluthe9906 2 ай бұрын

Hi, I am on the replay. Tree Lane LLC is in bankruptcy it is not personal bankruptcy.The laws are different within an LLC. Not sure if any of these people will get any money.

@Real.Estate.Report 2 ай бұрын

That’s true

@shelbynamels973 2 ай бұрын

I remember the name Tree Lane in connection with a bunch of real estate deals in the San Gabriel Valley involving Chinese buyers/investors. Ring a bell??

@surfstarcc1 2 ай бұрын

That movie theater was awesome!

@DunningK 2 ай бұрын

I never got these spec homes. Almost seems like a black market for holding corrupt foreign money. The legit money is buying in the flats. I don't know what i'm saying but great video!

@rangerrecon 2 ай бұрын

La Palais - "Palais" is pronounced "pah-lay". (French for "palace"). It is amazing that there are VC people out there dumb enough to lend Hadid money. I think that it is a combination of several things including: 1) he does, occasionally, complete a project 2) The "brand" boost of working with the well-known (although I would say "infamous") Hadid 3) the high-risk, high-rewards nature of VC funding 4) the nature of poorly managed VC firms, 5) VC firms know that Hadid can make money - the question is 'will he?' etc.

@jar2222 Ай бұрын

They’re both on it. Money laundering scheme.

@TheMarslMcFly 2 ай бұрын

14:15 since Hadid has some middle-Eastern background I'd assume this is a hookah room. You just sit there with your friends, have some tea and smoke hookah. Just having a good time.

@vertigo2894 Ай бұрын

Has to be a rcst comment in here somewhere. Rce has NOTHING to do with this.

@docdurdin 2 ай бұрын

When you are playing in the high stakes game it comes with the territory. If you think he's broke, think again. RE is always at risk but the property remains when the wash is done, it converts to the next player and sometimes revolves back around to the original player. If want to talk dirt, just look at the financiers who will bankrupt you one day and lend money to you the next.

@NCDesignsFurniture 2 ай бұрын

Very nice video, be great!

@BigAirDropper666 2 ай бұрын

I think this is a shining object syndrome situation paired with greed. The questioning me is : if you’ve got a net worth beyond 50 billion (therefore around +/- 5 billion in cash), why would you choose to spend 250 Million on a modern development in Hollywood that depreciates immensely in tax unfriendly environment ? I could get 300 million in profits payments if you put the capital into a 1 year fixed interest situation at 6%.

@shelbynamels973 2 ай бұрын

If you had 5 billion, you could buy this property and nineteen more.

@shebamaree9026 Ай бұрын

i read somewhere that for that last 4-5 years he has been in egypt on the massive project of the smart city they are building

@blackmommabrands 2 ай бұрын

What! 😮 Omg , You got the Tea . Didn't know this is happening 😮

@WestCoastTruckingCEO 2 ай бұрын

You were joking when you said he sank $10M into that theatre right? Because that's not anywhere close to $10M and while it would be impossible to pinpoint an exact number the highest I would say is $2.5M max

@Real.Estate.Report 2 ай бұрын

Yeah that was an exaggeration but that room is wild. You can spend a fortune just on the A/V equipment alone. Then add on all of that fancy carpentry and hand painted detail. Lot of money in that room for sure

@shelbynamels973 2 ай бұрын

That's what I'm thinking every time I read about a feature in one of those houses. I ask myself what that feature would cost as a stand-alone project on any other house not in a high-priced neighborhood. Many of these features don't cost nearly as much as the price tag of the house that they are used to justify it.

@capricemadrid5353 2 ай бұрын

"Le Palais" interior feels like a mall

@princedakkar2251 Ай бұрын

That house on Nimes Road has been completely gutted, it looks nothing like that anymore

@benz500r 2 ай бұрын

The house called Le Palais is right across the street from Beverly Hills Hotel. It's a beautiful property, but the location is not the best for the house of that size. Having said that, I watched it being build and what can I say, I was a big fan of that house.

@brittanyb5942 2 ай бұрын

I agree!

@creatainmentdesigner3817 2 ай бұрын

Are there any successful development projects with a budget of more than 100 or 150 million in Bel Air or the surrounding area?

@asserjimordonez9225 2 ай бұрын

SMELLS LIKE AN ORGANISE CRIME RICO IN THE MAKING😂😂

@EclipseCircle 2 ай бұрын

What's interesting to me, if I'm understanding the whole process correctly, is how he creates LLCs to manage each project rather than doing so more directly. It's similar to how movies are created (an LLC is created, which courts investors and manages the whole process). The giant loans he keeps getting are not to him directly, but to the LLC (which, I suspect, is using shares in the LLC itself as collateral for the loan?). That LLC between him and the project likely shields him from a lot of liability and what allows him to keep getting away with this.

@shelbynamels973 2 ай бұрын

Absolutely. No developer puts their own money at risk. At the end of the day, if the project fails, the LLC folds, and the damage is contained.

@merlegreene1488 2 ай бұрын

He launders money!

@Bambotb 2 ай бұрын

How explain

@puddincup9879 Ай бұрын

@@Bambotbthe whole video explains 😂

@brittanyb5942 2 ай бұрын

They say that millionaires and billionaires will file bankruptcy multiple times in their life. It’s all a part of the business and how they get richer. That’s their way of not having to pay their creditors 🤷🏾‍♀️

@tahinaschwegler8112 Ай бұрын

question- how do they file for bankruptcy w/ money in their bank accts?

@ccf8093 Ай бұрын

@@tahinaschwegler8112The LLC they created for the project files bankruptcy so they aren't personally liable.

@samanthab1923 2 ай бұрын

I remember that Zack Vella guy from Million Dollar Listing NYC. Was always using Frederick. He did move to LA but I don’t know what agent he used.

@ccf8093 Ай бұрын

I don't know if I'm remembering right, but didn't Frederick start selling in LA?

@samanthab1923 Ай бұрын

@@ccf8093 Oh! You’re right he was on few a season. Stepping on Altman’s toes 😆

@Jawad.dbysndbbz 2 ай бұрын

Can you make videos about the business model of real estate, like who develops the condos and houses and who sells them and how each of them make profit . You seem to know a lot

@chasegentile7517 2 ай бұрын

i can see his passion he has a talent i think he can make it he just has to keep trying i can see his passion is designing and building homes thats pretty neat

@InspirationalSpaceship 2 ай бұрын

After 40 years of wasting money “he just has to keep trying”

@puddincup9879 Ай бұрын

This is a video detailing how he scams and completes nothing. The only thing he's doing is getting loans and scamming. This is failure.

@benz500r 2 ай бұрын

You're right about the property's location. I've been to the house on the same street (Suummitridge) right next to it. I can tell you that the house you originally pointed out is an older house and it didn't belong to the man of the hour. The unfinished construction project is a different story. You did some good investigative work.

@waimeagrl5142 2 ай бұрын

Cool channel.

@Toltecgrl Ай бұрын

My daughter and I were passing by that last house you showed that he used to live in and the new people that bought it were gutting the whole thing and re doing everything. They had the gates open and even the driveway outside we could see all the brick tore out and they were laying a different driveway. So I bet they tore out that wood because we saw the inside was all white!

@j.e.7430 2 ай бұрын

I think this house "la palace" was featured on real housewives of Beverly Hills, probably right before the couple who is selling it, original purchased it.

@blackswann9555 2 ай бұрын

I respect how he swings for the fences

@Danji_Coppersmoke 2 күн бұрын

"Curve painting" ... Just bought a curve frame and put the canvas in. It is not fancy...

@vldon5931 2 ай бұрын

this happens when you don't know when to stop.... go big or go broke ..... doesn't always pay off...

@ReVelopers 2 ай бұрын

This guys is awesome where can I meet him! He just gets back up and keep going where most men will stop!

@philshelton3534 2 ай бұрын

damn i remeber zach vella for MDL NYC

@shadowfilm7980 2 ай бұрын

How this guy keeps getting these huge loans! All because his two daughters are models?! Crazy. Foolish.

@InspirationalSpaceship 2 ай бұрын

And they aren’t even the best models at that. Naomi is still slaying

@puddincup9879 Ай бұрын

His money made his daughters models... full circle

@shelbynamels973 2 ай бұрын

The only difference between these houses that Hadid walks away from and the Oceanwide Plaza in DTLA is the amount of graffiti on the walls.

@gloriahufnagel5556 Ай бұрын

PSST.. just because they claim bankruptcy, it doesn’t mean they’re broke. It means they’re “protecting “ ( aka hiding) their assets..

@kurtbrisch5776 2 ай бұрын

The room you said you had no clue, that was a hookah lounge.

@Real.Estate.Report 2 ай бұрын

Nice that makes sense

@Real.Estate.Report 2 ай бұрын

How many times can one person file bankruptcy in their life?

@todd737 2 ай бұрын

Right! Seems to be part of his business plans.

@Real.Estate.Report 2 ай бұрын

@@todd737it’s like his “get out of jail free card”

@surfstarcc1 2 ай бұрын

Apparently there's no limit on how many times you can file bankruptcy. You would think after the first two or three times lenders would stop giving him money...

@goodson77784 2 ай бұрын

There's no limit but they can file every 10 years for personal bk but businesses he can file as many as he wants if has an LLC for each one etc

@sandrathompson6381 2 ай бұрын

😂😂

@corvettesbme 2 ай бұрын

Sooooo he made money, spent money, and lost

@Real.Estate.Report 2 ай бұрын

That about sums it up lol

@annonymously331 2 ай бұрын

The $250m project would have never gone through in the first place

@kimi88cz 2 ай бұрын

Zach Vella used to be on Million dolar listing NY. Also that Lola lady is much more interesting..

@Real.Estate.Report 2 ай бұрын

I remember him from the show too!

@Omeomy 2 ай бұрын

La Palais looks like a hotel inside. "Brick ceiling". You mean the copula?

@Mega_Cribs Ай бұрын

Really cool resesrch wow dm

@adamtaintbury 2 ай бұрын

What has Nile Niami been up to lately?

@Real.Estate.Report 2 ай бұрын

Good question

@DORSEYLANDRIA 2 ай бұрын

on J and E its selling for 68 million

@kass794 2 ай бұрын

Blame the companies doing business with him, don’t feel sorry for them, they just need to google his name and find out they never getting paid 🥴🙄🤦‍♀️🤡

@chewy6942 2 ай бұрын

He gets the loans as he’s a foreigner and they dare not lend to him!

@avayu2289 2 ай бұрын

Problems with old time developers in dated “trophy areas” are many, least of which is the design. Why would anyone pay millions for a dated “opulent design” when they can easily do it for cash on their own on a brand new state of the art build? I knew and know of many property developers and ultimately I started to make money when I just did it on my own with limited equity partner(s) on cash terms. Or it becomes a “shell game” to launder money - tax avoidance or evasion if not done to compliance. REITs are the worst. And definitely steer away from dubious sources such that carries libels and multi BKs. Credit rating is really important. Your business entities are your alter ego.

@PaulTrippy-bj8ho 2 ай бұрын

some Saudi Prince will buy him out in exchange for his daughter 🎉😅🎉😅

@Lovepinkdress 2 ай бұрын

So true

@notshylo 2 ай бұрын

How can he keep getting access to his this kind of money? What kind of business credit, official or otherwise, could he possibly have at this point? Oh, btw it’s pronounced Luh Pal-ay

@marcelmarshall4240 2 ай бұрын

It is a laundering scheme with his connections in the Middle East. That’s the only way.

@atedejong5620 2 ай бұрын

I guess it is not personal bankruptcy, but companies set up for each project (house/mansion). so he personally doesnt really lose that much out of it. maybe still collects a mangement fee from it before it goes belly up.

@diveoshin1863 4 күн бұрын

That shot at 14:16 isn’t it where Gigi had her birthday party on housewives of Beverly Hills? With that moment of her wanting cake but all she got was a tiny taste 😢😅

@geeunit831 2 ай бұрын

How does he even get approved for loans by banks with such a bad track record? It seems the more money he loses he's just given more to bail himself out lol

@bobinabuddy Ай бұрын

Bankruptcy should not be for these crooks, it is for the common person who is trying to live and pay bills and finds himself in trouble ….taxpayers paying for his debt I THINK NOT

@tanakanyika9273 2 ай бұрын

wasn't La Belvedere torn down?

@joshJ. Ай бұрын

I don’t recommend building on those types of cliffs

@daviddumoor8450 2 ай бұрын

Go get a bottle of kin euphorics and chill 70s is the new 50s🤩🥂

@MegaSunshineyday Ай бұрын

I feel a lot of people do this. I’m not saying whether it’s legal or ethical.

@kevinhsu8184 2 ай бұрын

His recent developer career in LA smells funny. I don’t know if those LLCs are just fronts for something else than actually developing luxury homes… Zach Vella came off as a ruthless savvy businessman on Million Dollar Listings LA. Either he’s in some kind of cahoots with Hadid or he’s a very good actor when he was on MDLLA. I can’t imagine Hadid pull off what he did and Vella doesn’t go after him with lawsuits after lawsuits after lawsuits till Hadid ended up in a one bedroom condo in Hollywood.

@butwhytharum 2 ай бұрын

The llc's are just shell corps for tax fraud and fraud in general.

@TheVancouverJatt Ай бұрын

He owns the contracting companies, ensuring he earns money regardless of the project's outcome. He conceives large-scale projects and secures investment from equity investors who will profit when the homes sell. He pays himself for the work, but if a project fails, the equity investors bear the loss.

@TheVancouverJatt Ай бұрын

Another approach he allegedlytakes is to claim a project will cost $50 million to build. He starts an investment arm that raises $35 million for the project. He then mixes in around $10 million in cash from shady investors and keeps approximately $5 million as his own equity. When the homes sell, he provides a return on the $35 million, recoups the $10 million, and retains his equity along with any additional profits.

@mihails2332 2 ай бұрын

MAFIA

@SmilingBlackKwhitegrey-777 2 ай бұрын

This won’t stop him. Lol! His biography is insane.

@ra3690 2 ай бұрын

I wouldn’t be surprised if this guy had a price on his head.

@puddincup9879 Ай бұрын

In summary, he's a money launderer.

@blakemann2365 Ай бұрын

I am surprised that there are fools dealing with this guy. Maybe these guys are laundering their illicit money.

@user-du2pq2si9r Ай бұрын

Seems like common sense that he probably used most of that $31 million loan to finance his lifestyle and probably had no intention to use it to build a house on that land. Would it be that surprising that to see that a guy with multiple bankruptcies used it for fraudulent means? Though i can't really feel bad for lenders at this point if they keep giving this guy loans after his track record of terrible business decisions.

@normastanley5853 2 ай бұрын

The fella can"t afford to retire--The lifestyle he is living cost some big bucks and he needs big bucks to stay afloat..Living on credit will sink you fast..

@Epic_Squirrel 2 ай бұрын

Hadid did live in the very last house that was his residence for years. It is also featured in several episodes of real housewives of Beverly Hills him and Lisa Vanderpump are really good friends.

@PureJoyJoyPure Ай бұрын

Doesn't make loan fraud okay bcz he is well connected.

@Epic_Squirrel Ай бұрын

@@PureJoyJoyPure could you please elaborate to me how my comment represents that I condone loan fraud? I was merely stating the fact of his residence because it’s across the street from my house.

@jalabi99 2 ай бұрын

11:41 it's pronounced "loo pah-LAY" , French for "The Palace".

@lindaajide2115 Ай бұрын

For contractors out there please do your due diligence before taking on work! Dodgy business people will file just to get out of paying their debt.

@MrBrownnn696 2 ай бұрын

How does he keep all he’s money they need to deny this bankruptcy

@vickislominski7618 2 ай бұрын

So much fraud...ugh. 😎🤔

@articledon4880 2 ай бұрын

How does he continue to get funding?

@butwhytharum 2 ай бұрын

Fraud.

@Garcelle1987 Ай бұрын

Same way the beyond corrupt Trump kept on business loans, I guess

@dikdoc0079 2 ай бұрын

Follow the money. The people loaning the money know his history. Maybe he is sucking out money, kicking back to the decision makers, then leaving the lenders on the hook. Or maybe the lenders loan dirty money then when the deal fails the property is auctioned for less but clean money.