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Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
1
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Tommy Clune
  • Union City, NJ
1
Votes |
6
Posts

when doing an analysis, where do you factor in the closing costs

Tommy Clune
  • Union City, NJ
Posted

Hi all, complete beginner here. I was doing some practice runs for analysing potential buy and hold properties using the worksheets provided in the book "Hold" which is one of the books in the series of Millionaire Real Estate Investor. they have sections in the worksheet for Cost of Repairs, Taxes, Maintenance Reserve, HOA's etc. but they seem to have completely neglected closing costs. Am I missing something? Would you just add that part in the section Total cash down + repairs + CLOSING FEES? and then that obviously affects your return on investment. What are typical closing costs? 7% on the entire price of the house or the total amount minus down payment?

any help would be appreciated!

Tommy

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