Word: lande
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Dates: during 1990-1999
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...came in and announced they had just bought 1,200 acres nearby. Wade pointed out that the acreage consisted of scattered parcels, some of them lacking road frontage or access. McDougal was impressed that Wade seemed to know what he was talking about. He listed the land with Wade for immediate resale...
McDougal was an old hand at this game; he had even helped his old boss, Senator Fulbright, make some money by cutting him in on a land deal in 1974. Fulbright was thrilled, and word soon spread among the Senator's circle of McDougal's financial acumen. Later McDougal spotted a small plot near Little Rock, and, almost offhand, mentioned it one day to Clinton. "You ought to buy this, Bill," McDougal said. Clinton knew of McDougal's success with Fulbright and was interested. He was still paying off student loans he'd taken to finish Yale Law School...
...minutes from each of their homes. McDougal and Susan would sometimes mention their successful real estate operations; Susan had even obtained a real estate license and was working as a broker. The Clintons, by contrast, complained that they could barely make ends meet. But at least Clinton's small land investment worked out well. In 1978, just as Clinton was starting to mount his campaign for Governor, McDougal was able to sell the tract for $5,000, a 75% return on their initial investment...
...take care of it," McDougal said. "You may have to sign a mortgage." McDougal explained that the investment would involve little or no cash; they'd borrow the full amount and flip the land as quickly as possible. Both Bill and Hillary seemed excited at the prospect of making some money and agreed on the spot to join in the venture...
...tract, with Wade's encouragement. The loan officer was a young senior vice president, Frank Burge, who was soon to be named president of the bank. The president then was James Patterson, who happened to be one of the investors in 101 Development Corp., which was selling the land...