The Start-up Financing of What Became Real Estate Empire
             Donald Trump's road to fortune began the old fashion way-he inherited it. Unlike the million dollar overnight IPO successes of innovative mega moguls entrepreneurs in the current dot com era, The Donald's roots had been firmly planted both fiscally and by practice in Real Estate by the generations before him..
             The patriarchy of the development dynasty was Donald's Grandfather, Fred Trump Sr. One of many German immigrate to arrive at Ellis Island in the late 1800's, Fred Sr. quickly realize the true value of real estate investing in New York .At the time of his death the senior Trump had amassed six property parcel in New York, a large life insurance policy, and held 14 mortgages. In addition it is reported that owned the rights to 50 shares of preferred stock, several outstanding loans and a number of other buildable lots. "...The total value of Trump's Estate exceeded 36,000, a small fortune at the time"(Barrett 35). This amount would serve as the stepping-stone to the family's trade in real estate.
             If Fred Sr. was the spark that started the of the Trump real estate empire, then his son , also named Fred was the kindle wood that eventually set the fire ablaze. It was from his father that Donald would learn the many defining practices that shaped his paradigms for both business and personal endeavors.
             While possessing carpentry and construction skills, Fred Jr. never had any formal training or experience in the world of real estate dealings. In fact prior to being forced into running local grocery store during the great depression, Fred only had ever built three houses. His rawness in the field however didn't slow him at taking his first major jab at the field of high price acquisition negotiation. At the tender age of 29, Fred Jr. submitted a proposal for the buying out of bankruptcy of the legendary mortgage company cal...