I've never been very god at math - BUT “an average of $12,666 ...” for 150 houses.
I upped it to $14,000 x’s 150 and it comes out to a bit over 2 million.
1.9 BILLION spent to buy 150 houses that they paid a bit over 2 million for?
Where’d all the other money go?
Even assuming they're going to rehab these houses - how is that going to come to 1.9 BILLION? What is that? about 12 million each?
million...million....
They money was lost in the purchase of the homes and the later reduction in value. I think.