"Senator Warren, you check is waiting..."
Posted on 05/24/2016 6:31:17 PM PDT by blueyon
When she’s not looking out for the little guy being taken advantageof by predatory lenders, Elizabeth Warren is making high-interest, short-term loans to family members and flipping homes for a profit. That’sthe revelation in a story published today by the Boston Herald,which identifies nine instances when Warren made a quick profit eitherbuying and reselling homes or loaning money to family members to fliphomes in the late 90s.
For instance, in 1993 Warren purchased a foreclosed home in OklahomaCity for $61,000. She resold the home 18 months later for $95,000. In several more cases, Warren provided loans so that her brother could buyhomes and flip them. In 2000, she reportedly gave her brother a loan with9.5 percent interest so he could buy a home for $35,000. He sold the home three months later for a 10 percent profit.
Flipping homes was a profitable investment for the Warren family,
(Excerpt) Read more at breitbart.com ...
Oh, but she’s so goofy!!!!
The Empress in waiting proclaimed that Donald wanted to make money on a bad housing market.
As usual, the rules are ALWAYS different for lunatic liberal Democrats. It never fails. It’s sickening.
She is scum like the rest of them
Brilliant
The sad thing about this story is - Granny Warren isn’t even good at flipping houses. Big deal, she made 20k here, 15k there. That is nothing in real estate.
Hillary did much better with her cattle futures.
I wonder if she put any “sweat equity” into them.
That’s what I was thinking. Buy for $61,000 and sell for $95,000 a year and a half later? If they invested any money in fixing it up then it wasn’t a wildly successful flip. And her brother making 10% on a 35,000 property is making only $3500.
Not very good at it.
NICE work, GRACE!
her brother making 10% on a 35,000 property is making only $3500.
And he’s paying almost 10 percent interest.
How is that making money?
Even more fishy.
I find her highly annoying... and it is amazing that this woman can get elected to anything.
However, buying and selling (”flipping”) properties is perfectly legal and I don’t see anything wrong with that ....
As much as I can’t stand her politics in general, at least she has the guts to go after the corrupt Mega-Banksters who have a majority of our politicians perpetually in their pockets. Which is something I credit her for, and I wish I could say the same about a whole lot of self-described elected “conservatives” wearing the “R” label...
“And her brother making 10% on a 35,000 property is making only $3500”
And that was probably before Granny “Clampett” Warren collected her 9.5% wampum
Scalp her, Trump! Scalp her!!
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