LESSON IN MAKING MONEY IN REAL ESTATE IN 2011

11/10/2011

CHICAGO-(AEAE)-”Everyone thinks that you can't make money in real estate today,” said Professor Markom Rebound. “In 2004 New York Real-Estate Investors were told that they were crazy to buy the Sears Tower in Chicago. America's tallest building which was clearly on every Arab Terrorists list to be destroyed, in 2004 for $840 Million dollars. The New Yorkers went ahead and purchased the Sears Towers putting in only $60 million to date and financing the rest. The New Yorkers put the Sears Tower up for sale in January for 1.5 Billion. The New Yorkers stand to rake in a gross profit of $720 million dollars when they sell the building, after they pay off their loan. After 9/11 no one in Chicago though the Sears Tower was worth a dime,” according to Rebound.

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