First meeting with a RE investor

[Bilgefisher]

are you missing a digit in your profit number?
If I read this thread correctly before, you put 15K of your money, so I am assuming you got back more than 30K, not 3K.
In any case, congratulations for your success.

Nope, the whole deal looked to have about 30k profit for our partners and us combined. We were looking to make 50% on the investment (around 7-8k). Unfortunately any costs really dug into our relative profit margin. No worries though, I am extremely happy about the outcome.

 

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[andviv]

then how did you calculate the 140% return?

 

[MJ DeMarco]

then how did you calculate the 140% return?

I think that is annualized. Realized is like 21%.

Congrats on everything ... nothing like LEARNING and getting paid for it!

 

[Bilgefisher]

then how did you calculate the 140% return?

Assuming I calculated correctly (no guarantees :coffee, 57 days to turn 15k into 18.3k. If you look directly at the numbers this is true, but we invested a lot of time into this as well. Please take that percentage with a grain of salt.

 

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[Bilgefisher]

I want to say this again, because I do mean it. Thank you everyone for the feedback in this thread and throughout the forums. I read and reread all the advice which helped me make better decisions in this process.

 

[phlgirl]

Great news, Bilge! Congratulations!

What a great way to end the year. Here's to a very productive 2008!