How can you buy $2M in real estate with $200K? Even a down payment would be much more.
“How can you buy $2M in real estate with $200K? Even a down payment would be much more.”
He likely had some other money and needed the $200k to get to 20%. Still, he must have a damn good income to qualify for a loan of $1.6M. Didn’t realize charter schools paid so well!
Actually you’re right and the article gets into a bunch of detail. Apparently he was banging a TV anchor (Democrat lingo) and that probably met the income requirement.