Looking back on December I had a record month. A record month so far. When I looked closely at the deals it became obvious that I had earned a lot of money but I also had paid out a lot of money. I paid a lot of money to sales people and investors.
There were basically 3 types of deals that we worked on in December, 2009. We did 4 sandwich lease options, 3 Buy Fix Lease Options and 3 Assignments. The Gross Profit was $254,000. The total commissions and splits were $104,000. My Net Profit was $150,000. Here is an example of each type.
1. Sandwich Lease Option Deal #1
Option Price 150,000
Purchase Price (130,000)
Gross Profit 20,000
Commissions (3,000)
Net Profit 17,000
2. Buy Fix Lease Option Deal #1
Option Price 170,000
Principal Profit 10,000
Purchase Price (128,000) (after renovation)
Gross Profit 52,000
Commissions (6,000)
Net Profit 46,000
JV Partner 23,000
My Net Profit 23,000
3. Assignment Deal #1
Assignment Price 297,250
Purchase Price (290,000)
Gross Profit 7,250
Commissions (1,500)
Net Profit 5,750
Happy Investing,
Jim Pellerin
Investor, Advisor, Speaker, Coach, Writer
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