Investment Info:
Other buy & hold investment.
Purchase price: $640,000
Cash invested: $1,200,000
Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with...
Purchase Price = $126,500
Sell Price = $185,000
Don't think it matters for this, but Debt currently on it = $126,700 (purchased with 103% loan).
Owned for 25 months
I was told an Excise tax in the area of $3500.
Ca...
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