Posted on 08/25/2023 8:24:10 AM PDT by Golden Eagle
Donald Trump transferred the ownership of his Mar-a-Lago resort to his son just days before the ex-president was arrested in Georgia, RadarOnline.com can report.
According to online property records, the former president “sold” his Palm Beach, Florida property for $422,000,000 on August 4.
However, a deeper investigation into the Mar-a-Lago sale found that the 1100 S Ocean Blvd, Palm Beach property was sold to a company called Mar-a-Lago, Inc.
The Express reported that the owner of Mar-a-Lago, Inc. – and its registered agent – is none other than 45-year-old Donald Trump Jr.
Zillow – the online real estate marketplace that listed Mar-a-Lago earlier this month – could not reveal details about who bought the Palm Beach property for $442,000,000 on August 4.
Zillow indicated that the Mar-a-Lago listing was legitimate, even though the property was not listed as “Mar-a-Lago” but rather “1100 S Ocean Boulevard.”
"The information we provide is public information gathered from county records,” the real estate marketplace company said, according to the Express.
(Excerpt) Read more at msn.com ...
So what’s ‘secret’ about a public record property transfer ?
Idiots
It is not a secret when there is a public record of the transfer.
Maybe, remember Trump is always playing 4-D chess and we mere mortals aren’t expected to understand
It probably has more to do with keeping his assets away from some of these prosecutors because Trump knows he likely fighting a losing battle in all these cases
He’s not ultra conservative he’s just an evil anti-Trumper.
That was my first thought.
“Secretly”. Did he not call a press conference to notify the press of the real estate transfer? How underhanded of him! Indict him, stat!
It seems to me that President Trump is just moving assets around so they can’t be taken from him by crooked government agencies and courts.
I can’t blame him for that.
He’s a whole lot smarter than they expected him to be.
Secretly..LOL
Published on the Zillow website. That’s some secret.
I was thinking of a bigger picture...Trump transfers his name out so he can put his residency in say, New Jersey? of course, the only reason he would want to do that is if he was going to name another Floridian as his Veep choice. NOT Desantis, but perhaps one of those congressmen/women who have supported him perhaps?
His LAWYERS are costing him TENS of MILLIONS ALREADY!
What's truly funny is how basically every Trump supporter here immediately zero'd in on the wording of the title, other than what the transaction, may, or may not, mean in the big picture. It's perfect proof how superficial and shallow many have become. It's all about image, and projection, not substance, or reality.
Congratulations for basically being the first poster to ponder the actual implications, and not get stuck on the title. I had some similar thoughts at first, before being amazed at how no one wanted to talk about anything but the superficial title. I didn't dare want to float the possibility of DeSantis becoming VP, though, else some small heads might explode.
I wonder will property taxes be based on the $422 million valuation?
Exactly!
The pot is calling the kettle black. The smear is the only substance, the only purpose in the article or in the post.
The transaction is perfectly reasonable, logical & irreproachable. This article illustrates the bankruptcy of the Never Trump & Leftist Globalist allies.
The more that Golden Eagle post, the more he appears to be a nevertrumper and a uniparty supporter.
The poster seems to want to take out and kill support for Trump and the MAGA/America First movement, rather than having the deep swamp, uniparty GOPe lose control over the ‘republican’ party.
That’s a good question. I saw somewhere else I think they said Trump had just paid $2 million in property taxes for it last year. So he will be off the hook for that, but he could face some capital gains taxes if the profit from the original purchase price isn’t re-invested in another piece of property, or at least that’s how it typically works I think. Trump probably has tax lawyers that can find loopholes however.
He needed $440 million to post that $20,000 cash against his $200,000 bond in Georgia. Right.
I’m surprised Trump didn’t have the property held in an irrevocable trust. Selling to a corporation is not as good as having it in a trust. Now he has to worry about capital gains taxes.
With all his troubles lately maybe he has enough losses to offset the gain. That would actually be a good way to get the property out of his estate. Only worry he has is if the sales price was less than the fair market value, then creditors could attack the sale as a fraudulent conveyance. They’ll likely try that anyway.
Remember … He’s also hoping to move back to the White House. :-)
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