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To: Always Right

Yeah, but he dumped 1/2 million into it, so he needs a million+ to break even.


3 posted on 12/16/2007 6:02:51 AM PST by randog (What the...?!)
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To: randog

That isn’t what the article said. It says he has $500K tied up.


5 posted on 12/16/2007 6:05:26 AM PST by Always Right
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To: randog

he dumped half a 100,000 into it as I read the story


6 posted on 12/16/2007 6:06:58 AM PST by freedomlover (Make sure you're in love - before you move in the heavy stuff)
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To: randog
Yeah, but he dumped 1/2 million into it, so he needs a million+ to break even.

That's not how I read it. The story says he has about $500 thousand invested; the original $450 + another $50K he spent to fix it up. That's the $500K they say he has in it.

7 posted on 12/16/2007 6:09:06 AM PST by bcsco ("The American Indians found out what happens when you don't control immigration.")
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To: randog

why does he need a million+ to break even on a $500K investment?


11 posted on 12/16/2007 6:19:16 AM PST by a real Sheila (stop hillary NOW!)
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To: randog

No - he put $50K in it on top of his purchase price. He is in for around $500K. The offer would have been about a 50% profit... not too bad.


26 posted on 12/16/2007 7:30:57 AM PST by TheBattman (God, please help us to elect a Godly and patriotic man for President in 08, Amen.)
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