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The higher the value the more likely cash buyers will use a LLC or trust to buy property especially in NY.
Without knowing the number of units sold and their values it's unreasonable to draw a conclusion.
Having said this, there has been no shortage of notorious characters who have purchased units from Trump Org over the years, including dictators, ex cons, Saudi Royal Kingdom family members, Russians and some on the run and so on.
This is life at the super high end.
Trump properties haven't suddenly jumped in price that much. From what I've read, the premium that buyers used to pay for Trump condo in NYC has largely disappeared.
So what would explain the significant change in buyers?
Are they the same buyers, it's just that now they prefer to hide their identities behind shell companies.
Or are they different buyers, buyers who always have hidden behind shell companies and are now buying Trump properties.
It's common practice to set up LLC's for commercial real estate. We have one set up for our assemblage of properties.
This story is as stupid as the third Sesssions "meeting" with the Russians where the Russian ambassador simply walked past his seat in the assembly and exchanged passing greetings.
It's common practice to set up LLC's for commercial real estate. We have one set up for our assemblage of properties.
This story is as stupid as the third Sesssions "meeting" with the Russians where the Russian ambassador simply walked past his seat in the assembly and exchanged passing greetings.
Looks like you didn't make it past the first line of the post: "Most Trump real estate isn't sold to persons or LLCs; most of it is sold to anonymous shadowy shell companies:"
I have a nice pile of sand I can sell you to stick your head into.
Looks like you didn't make it past the first line of the post: "Most Trump real estate isn't sold to persons or LLCs; most of it is sold to anonymous shadowy shell companies:"
I have a nice pile of sand I can sell you to stick your head into.
You have to read the article and understand what an LLC is.
The line you post makes a poor attempt to editorialize a common practice of placing commercial buildings and rental properties in limited liability corporations. Owning and selling a condo hotel will lend itself to a large number of units being sold off to LLC's.
Perhaps you need to brush up on the definition of companies and corporations as well.
He never did produce a real birth certificate. What he produced (literally) was a poor forgery, and it was easily recognized as such upon analysis by document experts. His brother has shown his real birth certificate (from Kenya, just as his grandmother has always said). Obama is a liar and con-man.
Sigh, let's pretend obama was born in Kenya. His mother was a us citizen which makes him a us citizen.
But oh I forgot, that scenario was okay for ted Cruz but not obama.
"according to a six-month USA Today investigation that catalogued every condo, penthouse and property owned by the president. During the two years previous, just 4.2 percent of Trump property buyers were LLCs."
Why is it anyone's business who he sold anything to?
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