Total Expenses for 1002 S. Main St. Property

This page is designed to be a running total of all expenses related to the purchase and flip of the 1002 S. Main St. property. Again, this is both for educational value of anyone following along at home and thinking of flipping houses themselves, as well as a useful tool for myself to both track expenses and to keep myself honest, as far as exactly what my ultimate profit or loss is.

1/31/2007 - Option fee: $100

1/31/2007 - Earnest money: $500

2/07/2007 - House inspection: $185.00

3/09/2007 - Cashier’s check for total cash to close: $2,876.86

3/23/2007 - Connection fee for utilities: $25.00

3/20/2007 - Paint, slate tile for backsplash, and other related supplies at Home Depot: $202.67

4/25/07 - First mortgage payment: $609.37

4/29/07 - Tile and grout for tub surround: $62.05

4/30/07 - New roof: $2,000

Total expenses as of 3/23/2007: $6,560.95