They project that this property will be a five-year hold (why sell?). At current trends, they project the resale price to be $6,600,000. That works out to a gross profit of $1,900,000. The Spauldings’ half will amount to $850,000. On top of around $381,000 in cash flow while they waited those five years. So the first deal they did should be worth more than $1,231,000 in gross profits.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p33
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