Team Name: Student
Names:
                   
Properties you currently own:                      
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NET WORTH (Cash+3*rental income) $70,000 $87,000                  
CASH ON HAND, beginning of round $70,000 $17,000                  
RENTAL INCOME, beginning of round $20,000 $20,000                  
LOCAL TAXES (based on property owned) $3,000 $3,000                  
CURRENT BANK DEBT (8% interest) $0 $100,000                  
Payment due (15% min.; you may pay more) $0 $15,000                  
BID FOR PROPERTY: Property?
Amount?
                     
Purchase and/or rehab amount $170,000                    
Amount of bank loan approved $100,000                    
Do not write in boxes above;
In the area below explain your activities for this roundÉ