Buy low, sell high
Friday, September 22, 2006
Today's story by the Salt Lake Tribune indicates that Dwight Manley, the agent for former Jazz PF Karl Malone, purchased Malone's home in Utah for roughly half of its original price. The house, described as a "17,230-square-foot trophy home," has everything you'd need, such as a pool and water slide, indoor shooting range, basketball courts, home gym and a five-car heated garage and five fireplaces!!
How much did Manley pay for this little treasure? Though the house was appraised at more than $5 million, Manley shelled out a mere $2.75 million to purchase it at an auction. Manley is expected to turn around and sell it for a big gain.
I'm coming for you, Dwight Manley0 comments:
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