SO WHAT?! If lenders audit, vet and decide to lend against the presented, claimed, supported, audited and accepted values, THAT’S THE LENDERS PROBLEM! The part they fail to mention, is the “BRAND” for which they’re lending to. Sometimes, that presents more equity and cash flow than the assets themselves. If you doubt that, why would Nike (and the likes) pay for names such as a Tiger Woods, LeBron James, etc. Another ignorant part of there presentation is for Trump’s brilliance in reducing the Tax Exposure on the back end of completed renovations. MSM hates when Patriots are successful when playing their game, we their rules! GO, GEOTUS, GO!! We got your back!
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I promise you that Trump did not personally fill out any of that paperwork, his MANY CPAs did. They are licensed and certified and use any and all “loopholes” that CONGRESS approved…the same loopholes that congress uses. They passed the papers to Trump and said sign here.
That is 100% how it happens