Donald Trump is a household name.  Most people think of the name as representing wealth.  Others might think of all of the failed businesses and bankruptcy filings.  Either way, he is a guy that takes risk and is rewarded.  Trump bought the house shown below for $41 million.  It is a 60,000 sqft ocean front home that sits on ~6 acres.  He then flipped it for over $95 million dollars.  I am sure there is a little room in there for profit. 

So that is crazy in and of itselft.  What makes the story a bit more crazy is, Trump wanted $125 for the property.  But the rumor is the buyer, Rybolovlev one of Russia’s richest, is wanting to tear down the house and start over on the property.  Story from Palm Beach Post.

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Posted by LeGo, filed under Flips. Date: July 24, 2008, 9:14 am |

2 Responses

1. Tom - StandOutBlogger.com Says:
   July 24th, 2008 at 4:27 pm

   Wow. that is an amazing position. As much as everyone bags donald I reckon he is a really great business person. Someone that I could learn a lot from.

2. C.V. Says:
   July 29th, 2008 at 10:42 am

   They should have this place onn “Flip This House”, or in this case “Flip This Mansion”

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