Buying a Trump? Better read the fine print.
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Goodson still has that glossy book, but nothing else. Trump International Hotel and Tower was a failure.
The project fell victim to the property slump that hit South Florida in 2008. Two years later, the failed tower was in foreclosure and no longer bore the signature name. Donald J. Trump, it turns out, was not the developer. He had licensed his name and signed on to manage the hotel. When the project developer ran out of money, Trump took his name and walked away.
Goodson walked away with nothing to show for his $345,000 deposit and a lesson in Trump properties: When purchasing a Trump development, you better read the fine print.
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It turns out all Donald J. Trump properties are not the same. Trump has become hugely successful building a worldwide brand synonymous with the very best in luxury living. Though Trump does in fact build many of his signature properties, he and his family have made a fortune simply licensing his name.
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http://www.cnn.com/2016/02/22/politics/trump-properties-investigation/?iid=ob_homepage_deskrecommended_pool&iref=obnetwork
He might win and then send one of his Apprentices - maybe we are just looking at his brand.
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