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Investor flips Trump’s childhood home for 50 percent profit
A young real estate investor has taken a page from the president’s playbook and flipped Donald Trump’s childhood home in Queens. Michael Davis purchased the home for $1.39 million in December through an auction conducted by Paramount Realty USA just one month after the presidential election. This week, Davis sold the home to another investor for $2.14 million — for just over 50 percent profit. “This property is so much more than just real estate; it’s the childhood home of the 45th president of the United States, and it’s a part of history,” said Misha Haghani, principal of Paramount Realty USA. “That ... (full story)