Johnny who lived in Sanford, FL, had interests in raising horses and bought a 90-year old farm house which was on 5 acres of land in the year 1988. He bought the house for $180,000 and gave the owner $8,000 and his gold Rolex watch which was worth $5,000 and the owner who knew Johnson’s father sold the land and gave Johnson 5 years to pay.
Read the rest of “Investments in Real Estate: Case Studies of People – Part 5″
