seen on the project profit and loss projection that follows, I have estimated financing and other costs to total an additional $10,200.     In making my financial projections, I made the following assumptions:     The house will be sold within six months of the start of construction, and the Joness note will then be paid off. (The interest portion of this $800 note is $550.)     Costs of the new loan of $30,000 secured by a second mortgage are assumed to be two points, which amounts to a $600 loan origination fee.     Interest is assumed to be at a 12% annual rate, for a six-month total interest cost of $1,800 for that loan.     Finally, I assume that I shall pay myself a salary of $1,500 per month during the time I actually work on the house.     Profit and Loss Forecast for the Remodeling and Resale of Single-Family Residential House   at 2246 1/2 Hamilton St., Chicago     Project Profit $24,445 Sales Price     The sales price of the 2246 1/2 Hamilton St. house, after remodeling, is forecast to be $120,000, with a 6% real estate commission paid in cash from the proceeds of the sale. We expect to carry back a new second mortgage in favor of the buyer of approximately $12,000, which means the seller will pay a cash down payment of $12,000 and obtain a new first mortgage of $96,000 from a bank or savings and loan. The new first mortgage will pay off the existing first and second loans on the property. Thus, at the conclusion of the transaction, I expect to receive the cash difference between the total of all outstanding loan balances, sales commissions and other cash expenses. In addition, I shall have a second mortgage on the property in the amount of $12,000. How to Write a Business Plan     Mike P.McKeever           Editors Lisa Goldoftas & Peri H. Pakroo     Illustrations Mari Stein Cover Design Toni Ihara Book Design Terri Hearsh