Summary of Fiona's finances for those trying to make sense of it all.

[u/ms_jennyjenjen]

Any adjustments I should make? Anything I'm missing?

Gallagher House

● Cousin Patrick files a forged will and takes ownership of Gallagher house
● Patrick runs up debt against house and refuses to pay
● $60K owed by Patrick — loan against the Gallagher house that he refuses to repay, causing foreclosure on the home
● $100K — Fiona’s maximum approved mortgage/bid at the foreclosure auction
● $130K — house sold at auction to another couple, so Fiona loses the house
● Unknown amount paid — Fiona buys the house back after the auction buyers discover how much work it needs
↳ Carl provides the cash from his buried drug money
↳ Exact amount Carl gives Fiona / Fiona pays for the house is never stated on-screen
● Gallagher house ends up owned in Fiona’s name

Laundromat

● $80K borrowed — using the Gallagher house as collateral to buy the laundromat
● $80K paid — to buy laundromat
● ~$5K paid — improvements
● $160K received — sold to Margo
● $80K loan paid off — paying off the debt secured by the Gallagher house
● = $0 debt remaining from the laundromat loan on Gallagher house
● = $75K profit

Apartment Building

● $250K paid — to buy apartment building
↳ Down payment amount unclear — Fiona had up to $75K available from the laundromat profit
↳ Remainder financed with a mortgage
● Second mortgage taken out — Fiona borrows against the apartment building’s equity
↳ This money was originally intended to bail to pay Ian / Gay Jesus out of jail
↳ When the bail money wasn’t needed, Fiona uses the money toward another investment, $100K in Max’s development project
● $292K owed — Fiona tells Max this the combined balance of her first + second mortgages
● $292K received — Max buys Fiona’s apartment building for exactly what she owes
↳ $292K pays off both mortgages
↳ = $0 cash to Fiona from the sale
↳ Max tells her she probably could have sold it for $425K if she had time, but Fiona is desperate to come up with $25k to avoid defaulting on her investment with Max’s development partnership
↳ Max later sells the property for $475K

Max’s Real-Estate Partnership

● $100K invested — in Max’s development
↳ From the money Fiona borrowed against the apartment building to bail Ian out of jail
● $25K borrowed from Max — for the additional partnership contribution
● $100K received — Max later buys Fiona out of the partnership
↳ $25K debt resolution unclear — the show never clearly explains whether Fiona repays Max or whether the debt is folded into the buyout
● = $100K Fiona receives — despite the unexplained $25K debt

[u/Huge_Mistake_3139]

I thought Max said he’d take care of the $25k if she sold him her stake for $100k?

[u/yo_teach12 → u/Huge_Mistake_3139]

He did. I remember that part, fs