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Updated over 9 years ago on . Most recent reply

James Barnett's profile image
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James Barnett
  • Wholesaler
  • from Atlanta, Georgia
  • Member since Oct 10, 2015
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James Barnett's profile image
James Barnett's profile image
James Barnett
  • Wholesaler
  • from Atlanta, Georgia
  • Member since Oct 10, 2015
Connect
James Barnett
  • Wholesaler
  • Atlanta, GA
2
Votes |
5
Posts
Starting Out

Double Closing Profit

James Barnett
  • Wholesaler
  • Atlanta, GA
Posted

I am getting ready to do my first double close deal by purchasing a house from the seller for $250K, and selling it to my buyer for $265k.  The real estate agents commission is 6% and closing costs are 4%.  What will my profit be and what is the formula for calculating this?  When I do the math Its not adding up.

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James Barnett's profile image
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James Barnett
  • Wholesaler
  • from Atlanta, Georgia
  • Member since Oct 10, 2015
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James Barnett's profile image
James Barnett's profile image
James Barnett
  • Wholesaler
  • from Atlanta, Georgia
  • Member since Oct 10, 2015
Connect
James Barnett
  • Wholesaler
  • Atlanta, GA
2
Votes |
5
Posts
James Barnett
  • Wholesaler
  • Atlanta, GA
Replied

@Eric H.

Thanks to all of you.

Sincerely,

James.

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