Actually, Trump got his start in Cincinatti - he bought, renovated and then sold a large apartment complex there and made several million dollars (in the early ‘70s, when that was real money). From there he went into Manhattan real estate, because he was bored to death with residential, and also saw the potential to really make money in commercial R/E. He certainly called that one right - and, as you said, against his father’s wishes and advice.
But, yes, his true start was with a $1 million loan and a Wharton’s education, plus his years of experience working for his father. He made it largely on his own.
Right.
I forgot about that.