Donald Trumps first deal?

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Altus, OK · Member since 2008 · 2k+ posts · 690 votes
17y

From Wikipedia:

One of Donald's first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio--turning a 1200-unit complex with a 66% vacancy rate to 100% occupancy within a year. When the Trump Organization sold Swifton Village for $12 million, they cleared $6 million in profit.

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  • Residential Real Estate Broker · Payson, AZ · Member since 2009 · 3k+ posts · 1k+ votes
    17y

    his father sold Donald's soul to the devil, in return made him a billionaire.

    I wish my father sold my soul LOL!!!!

    no really, that would be interesting to know, I'm sure with enough research you could find the story somewhere

  • Real Estate Investor · New York, NY · Member since 2009 · 7 posts · 1 vote
    17y

    haha yeah all i know is it was some building in brooklyn but im sure someone on here is a big fan. i give him credit where credit is due but i wish the selfmade developers got as much recognition as the donald does. what to you think?

  • Financial Advisor · Tampa Area, FL · Member since 2008 · 956 posts · 214 votes
    17y

    i'm sure his first deal was really his dads..

    i wish i could start with $$$

  • Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    17y

    From Wikipedia:

    One of Donald's first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio--turning a 1200-unit complex with a 66% vacancy rate to 100% occupancy within a year. When the Trump Organization sold Swifton Village for $12 million, they cleared $6 million in profit.

  • Real Estate Investor · Oakdale, MN · Member since 2008 · 48 posts · 5 votes
    17y

    I wish I was born with a silver and gold spoon on my hands and feet already.

    Oh well, hope my kids and kids' kids will not suffer like me. My kids are the first generation in America and I'm just the beginning. LOL

  • Investor · Bloomfield, NJ · Member since 2008 · 95 posts · 14 votes
    17y

    Read The Art of the Deal.

  • Financial Advisor · Tampa Area, FL · Member since 2008 · 956 posts · 214 votes
    17y
    Originally posted by Amanda Herr:
    I wish I was born with a silver and gold spoon on my hands and feet already.

    Oh well, hope my kids and kids' kids will not suffer like me. My kids are the first generation in America and I'm just the beginning. LOL

    that's the right attitude amanda! what u are doing today can and will make a better future for ur generations! nobody is gonna hand it to us, we have to do it for ourselves and our families!

  • Real Estate Investor · Elgin, IL · Member since 2009 · 135 posts · 9 votes
    17y

    His first deal was being a member of the lucky sperm club(see Warren Buffett's philosophy about those who are born into wealthy families.)

  • Real Estate Investor · Pittsburg, PA · Member since 2009 · 64 posts · 6 votes
    17y

    It doesn't matter if he was born rich. What matter is that, he grew rich from richer.

  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    17y

    interesting tidbit. i have no way to verify this information but here it is because it supposedly has been researched. if you took the trump families fortune in 1964 (earned by fred trump in middle income apartment bldgs in Queens and Brooklyn NY) and invested it in the average REIT, the family worth would be greater than the Donalds! in other words, trump is all hype, passive investments would have done as well for the family fortune as Donalds Trump's investing prowess has. However, the haircut and ego would probably be the same.

    Private Mortgage Financing Partners, LLC
  • Developer · Los Angeles, CA · Member since 2009 · 77 posts · 8 votes
    17y
    Originally posted by Amanda Herr:
    I wish I was born with a silver and gold spoon on my hands and feet already.

    Oh well, hope my kids and kids' kids will not suffer like me. My kids are the first generation in America and I'm just the beginning. LOL

    I propose that posts/threads be more centered on factual evidence in attempt/purpose of providing tangible material that educates us as members.

    Comparing our situation to Donald Trump and wishing for golden spoons is a waste of thread and time. Let's be more centered on development and the growth of our "higher learning". Not that I dont enjoy small chat or find myself dreaming every once in a while; just not here.

    P.S. wikipedia is a great option for answers Philip Lilavois

    Thank you.

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