Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (18808)	3/22/2004 4:30:40 PM
From: Elroy Jetson	Read Replies (3) \| Respond to 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?