How to calculate the profit when you sell the house?
Okay, so I watched this video and it's confusing me.
https://www.youtube.com/watch?v=l1B4Ef00084
He's showing the summary of how much money he made by sold one of his property.
@3:04 He says he received $38,986 check after he sold the house.
How did that amount come? He sold his house at price of $130,785 (says on the paper) after $84,118 paid off from $109,700
So he should make at least ($130,785 - ($109,700 - $84,118)) = $105,203 from selling that house.
Then $105,203 + $107,152 (income since purchase) = $212,355 - $70,173 (expenses since purchase) = $142,182
After he made $142,182 he should give his partner $9,069 back and split in half = $66,556
So he should make at least $66k from selling that property. Am I wrong?! or this video is totally a scam?