The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (18808)	3/22/2004 4:30:40 PM
From: Elroy Jetson	Read Replies (3) of 306849

$100k is not a small profit, but $14,040 certainly is on a $750k gamble. I'd say a 2% profit is close to break-even. $850,000 __ Sales Price $750,000 __ Purchase Price $100,000 __ Gross Profit ($51,000) __ Sales Commission ($4,760) __ Transfer Fee ($1,500) __ Escrow & Title Insurance ($5,625) __ Six months of Property Tax ($20,625) __ Six months of Mortgage payments _ ($650) __ Mortgage Closing Costs ($1,800) __ Home owner's insurance $14,040 __ Estimated Net Profit Are you sure you once worked in real estate brokerage?

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