NY investor makes healthy profit on Trump’s childhood home

Mark Ross
By Mark Ross
March 28, 2017World News
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New York investor Michael Davis made a smart buy when he saw President Donald Trump’s boyhood home show up at auction.

The real estate investor bought the home in December for $1.39 million, then sold it for $2.14 million on Monday, March 27.

That’s a healthy 54 percent profit.

The five-bedroom, brick-fronted house in the Queens borough of New York was built by Trump’s father in 1940.

President Trump’s father started out developing this sort of single-family home in Queens, before graduating to apartment complexes.

President Trump got his start in the business by using a loan from his father to start buying and managing business and residential properties in Manhattan and later, around the world.

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