bmks270 said:
Tom Doniphon said:
someone got their hands on a leaked copy of a portion of the tax return for the POTUS but there's nothing on this guy? where did you find the info on the apartment sell?
Paying for everything in all cash seems shady as heck to me... I'm just curious what the hell the guy was into.
Are any of his properties listed online by tax appraisal districts?
Cnn reported on some of his real estate background. Said he bagan investing when he was a postal worker.... in condos and apartments.... ? sold apartment for 3.2 million, moved to NV.
I still don't believe he made profits gambling. One report someone interviewed said the Paddock told them he had algorithms that he used to make money gambling.... so the Casinos let this guy and his algorithms clean them out? I don't buy it.
Agree. And one has to keep in mind that debt is available on these deals. It doesn't take $2.5 million (guessing) in cash to buy a complex and sell it sometime later for $3.2.
There's all of these great theories about possible arms dealing, money laundering, etc, and maybe he was involved in something illegal. But lots of people have made great coin buying and selling real estate, and they didn't need much startup capital to do so. You can make your nut off a few deals and it's not a time consuming way to make a living. So you could spend plenty of time in casinos gambling what seems like a large amount over time, but in the grand scheme, is a fairly sizeable bankroll that just bounces up and down somewhat over time if you're playing mostly optimized strategy.