Didn’t the IN property sell for $1.1M? And I remembering that right?
After the realtor fee, and maybe a few expenses that’s at least $1M leftover, although he’ll probably owe capital gains tax on that sale.
Then if he sells Puma Path for say $1.5M, he’ll walk away with at least $1.4M and not much of any capital gains tax.
So roughly around $2.4M in cash from those sales.
He bought a the longhorn Ranch Land for $160 then maybe put another $500-600k into construction.
So that’s about $1.6M leftover.
A defense attorney fee is likely but I can’t help put think that BM owes someone a substantial debt and he’s liquidating assets to pay it off and save his hide.
When that info came out, I looked up compatible lots in Longhorn ranch and they were all listed in the $160 range, so I think BM paid the going rate for that land and there is nothing fishy with that sale.