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Let’s say that we have to hold onto the house for 10 months. That’s $4,000 in loan payments. So our investment in the house would be $14,000 with a loan of $36,800.“After 10 months, the principal won’t have even been touched. Let’s say we sell it for $60,000. After commission, that’s $57,000. There’s a $20,200 difference between the loan and the sales price. Our profit will be $6,000 on an investment of $14,000. That gives us a return on investment of 42%. Another thousand in resale price and we’d be at a 50% return. If we can drop repair costs to $5000, then we get 78%.”“You’re basically saying that at a minimum we should get $6,000 out of it, but that is a conservative estimate.”“Exactly. It can go up substantially. We can try negotiating the price down on purchase, hold costs on remodeling, and market it for more.”“That would be nice.”“Let’s not count our chickens before they hatch. Let’s see how much repair that house is going to require.”“Good point,” Tim said. “Cynthia, can we. I tried one more get rich quick scheme. It bombed andshe gave me an ultimatum. Get a real job with a regular wage or get theheck out of Dodge - er - Chapter City - Dodge is in another state. It wasa trick question of course. There were no waged jobs around. Times werehard.So I just buried my head in dresses. I was standing in front of thebedroom mirror wearing one of Helen's tight business skirts and a blousewhen my daughter Suzi walked in early from school.Well, you might think she'd freak seeing her dear old Daddy dressed likethat but no. She's a Hollywood gal! I brought that kid up liberal.Instead she sat next to me on the bed and listened as I cried my eyesout. I told her I loved her Mom more than my own life and I wanted us allto be together and that I'd do anything, ANYTHING, to keep us together.My sweet Suzi, my darling daughter, put her arm around me and kissed mycheek. Very gently she said, "Leave it to me Daddy. I may have an idea.Now go take a shower and clean up before.
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