AI
Thursday, July 02, 2015 1:18:27 PM
Yes, they get revenue from the property.
BUT... without knowing how much they paid for the property, we have no idea if it's a gain or a loss.
2008 was near the height of the real estate market in the US.
Hypothetically, Beechwood could be getting killed on that property. They could have bought high and since have been taking in payments which don't cover their mortgage.
So, it's entirely possible that Beechwood dumped a dog of a property on Redhawk.
Those are 100% guesses. But it's possible.
BUT... without knowing how much they paid for the property, we have no idea if it's a gain or a loss.
2008 was near the height of the real estate market in the US.
Hypothetically, Beechwood could be getting killed on that property. They could have bought high and since have been taking in payments which don't cover their mortgage.
So, it's entirely possible that Beechwood dumped a dog of a property on Redhawk.
Those are 100% guesses. But it's possible.
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