A real estate investor who bought President Donald Trump's childhood home in New York City for $1.39 million in December has flipped it for a 50 percent profit. The New York Post reports ( http://nyp.st/2mzQyYo ) that investor Michael Davis sold the five-bedroom Tudor for $2.14 million this past week. ———Information from: New York Post, http://www.nypost.com Davis sold the house in the Jamaica Estates section of Queens at an auction conducted by Paramount Realty USA. Paramount head Misha Haghani says the property is "a part of history" because Trump lived there.
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A young real estate investor has taken a page from the president's playbook and flipped Donald Trump's childhood home in Queens. This week, Davis sold the home to another investor for $2.14 million — for just over 50 percent profit. Michael Davis purchased the home for $1.39 million in December through an auction conducted by Paramount Realty USA just one month after the presidential election. "This property is so much more than just real estate; it's the childhood home of the 45th president of the United States, and it's a part of history," said Misha Haghani, principal of Paramount Realty USA. "That's it, that's where I was born … I want to buy it, I want to buy it," Trump said.
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As it stated in
A young real estate investor has taken a page from the president's playbook and flipped Donald Trump's childhood home in Queens. This week, Davis sold the home to another investor for $2.14 million — for just over 50 percent profit. Michael Davis purchased the home for $1.39 million in December through an auction conducted by Paramount Realty USA just one month after the presidential election. "This property is so much more than just real estate; it's the childhood home of the 45th president of the United States, and it's a part of history," said Misha Haghani, principal of Paramount Realty USA. "That's it, that's where I was born … I want to buy it, I want to buy it," Trump said.
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collected by :Jack Luxor
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