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It most likely needs maintenance. It needs fixing up. This is a deal that Trump used to get on condos.
by orionblastar 3y ago
It most likely needs maintenance. It needs fixing up. This is a deal that Trump used to get on condos.
- bdjsiqoocwk 3y agoI'd like to hear more about this. Trump used to buy what? Abandoned condos?
- orionblastar 3y agoTrump would use his father's $1M loan to buy condos that were undervalued because they were old and in need of fixing. He'd pay people to fix it up and paint it and turn around and flip it for more money. Then with the money he made flipping condos, he started to buy hotels and casinos and made his billions. Of course, he had to eat the costs sometimes and file bankruptcy but he never gave up until he was successful. My son is learning how to flip houses, a lot of people do this, pay to fix them up and then sell them for more than they bought them for.
- justadolphinnn 3y agoYep, but no one can afford to do that post COVID when their own portfolio isn't filled unfortunately