Guy Swann
· 81w
For those who don’t want to do the math, that’s a 97.5% loss for the owners.
This was done at auction, extended 3 times, and with the sellers having to lower the reserve price just so the sale wo...
I hate real estate as an investment. My wife has a website where we just bought a bank owned apartment in Brazil for 40% of Market Value. It cost less than $14,000 US. It is 8 minutes to a very nice beach and in a desirable area of Joao Pessoa on the North East coast. I know it is probably not worth even $14,000, but I sealed a retirement home for Pennies on the worthless dollar.
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