yokinazu
03-28-2008, 09:06 PM
i seen this on the news last night
rev. wright bought a peice of property from a local buisness owner. 3 acres for the sum of approx $347,000. he then a couple years later sold this property to his church for aprox $307,000. the procedes of this sale went a trust for wright and the mrs. now the church then took out a loan for the sum of 1.6 mill to build a house on said property. now this is where it gets sticky because the lean the bank has says it is for 10 mill. now who is this house for well you probably guessed by now but it for the wise all knowing reverand and his wife to retire in. but that still leaves me the question of where is the 8.4 mill?
but how do i con someone into this. buy a peice of property sell for 40k less than i bought it for AND have them build me a multi million dollar house on it leaving me in debt 40k. so basicaly i get a multi million dollars house for $40,000. thats probaly less than he paid for his cadilac. unless he bought yugo and sold it to the church and let them buy him a caddy.
i couldnt find a lnik to this story anywhere so if someone could please supply one thanks in advance
one more thing :
this one time, at band camp...
rev. wright bought a peice of property from a local buisness owner. 3 acres for the sum of approx $347,000. he then a couple years later sold this property to his church for aprox $307,000. the procedes of this sale went a trust for wright and the mrs. now the church then took out a loan for the sum of 1.6 mill to build a house on said property. now this is where it gets sticky because the lean the bank has says it is for 10 mill. now who is this house for well you probably guessed by now but it for the wise all knowing reverand and his wife to retire in. but that still leaves me the question of where is the 8.4 mill?
but how do i con someone into this. buy a peice of property sell for 40k less than i bought it for AND have them build me a multi million dollar house on it leaving me in debt 40k. so basicaly i get a multi million dollars house for $40,000. thats probaly less than he paid for his cadilac. unless he bought yugo and sold it to the church and let them buy him a caddy.
i couldnt find a lnik to this story anywhere so if someone could please supply one thanks in advance
one more thing :
this one time, at band camp...