I bought this home for $116,500 and sold it for $125,000.I made a profit of $8500 in about 15 months.
I put $11,650 down. The client paid me $4000 in option money and $3000 in prepaid rent. $3495 of that was my commission. So I really only put down $1155.
My mortgage paydown was just over $100 per month. So add another $1500 in profit.
