The city is giving us what amounts to $60,000 for...

The city is giving us what amounts to $60,000 for acquisition and repairs (per house). So if it costs us $100,000 and we borrow $40,000 for purchase and repairs, then we sell it at fair market value for $85,000. We pay that $40,000 back and we've got another $45,000 and plow it back into another house.

Matt Strauss Quote About Borrow, City, Costs, Fair, Giving: The City Is Giving Us...

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