Hakeem Olajuwon |
Tectono Business Review gathered
that Hakeem is now one of the celebrated estate gurus in his adopted home town
of Houston, Texas. He employed an
orthodox, yet disciplined strategy, and has managed to make impact in real
estates in the last 15 years. The strategy is that he buys high and sells
higher.
Yes, Hakeem’s real estate
moves caused market watchers in Houston to shake heads because they felt he
overpaid. But they were all wrong. He somehow managed to sell higher every
time. He buys expensive land that is already fully developed. Such land as
everybody in the business knows, is usually excruciatingly slow to appreciate
and even as risk of depreciation.
But he has managed to at
least double his money in country appraisal listings. Profits from his 25 total
transactions have easily exceeded $100 million. His timing has been amazing.
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