Today 5K down
April 30 Poss Date 195K
Forsale sign May 1
Sell within 2 months.
Cost of Interest 5K - 5 months 250$
Cost of Interest 195K - 6% 2 months $2000
Comfree Fee $600
Legal Fees Buy and Sell $1500
Property Taxes $200 (2 months worth)
Misc Costs I don't know about yet $500
Total Cost $5000.00
Buy 200K gain 4% per month 3-4 months
List 225K
Sell 220K
Total Gain 20K
Gain 20K less Costs 5K = 15K Gain
50% Cap Gains still equals $7500 profit
So for really doing nothing there is a bit of money to make. Wht else could I do to make that kind of money is such little time?
Help/advice is greatly appreciated.
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