Richard's niece, Kristin goes to Clemson and belongs to a sorority and the sorority is in the dorms and wants off campus housing. Richard buys these set of 4 condo buildings that have 4 units each in them and plans to flip it in 10 days. Just cosmetic changes. Carpets, appliances, paint, cover the paneling with sheetrock. They paid Richard's old fraternity Sigma U (forgive me if I spelled it wrong) $10,000 to demo the four buildings. The is a bit of a problem with the tenants that have leases, cause Richard wants to sell all the units. Trademark says it will honor all the leases.
The 1 bedroom units start at 62,500, the 2 bedroom units 82,500. For the first 8 units then will be market value. That is a great deal for a condo.
Dawn visits the guy on the Johns Island property that they are leasing and have him sign a lease. He is not working and Dawn wants a payment, I don't think he has one. He doesn't even start work at a new job until next Monday. I wonder if they will have to kick him out????