Factors to know before investing in Fix and Flip properties

[Christian Uraga]

Hello,

Thank you for taking the time to look at my post.  To start off I would like to know what I should expect when investing in properties for fix and flip.  I know the basic things that come with flipping houses, but I am curious about other aspects.  Some of the questions I have are as follows:

-Do you have to pay property/land taxes once you sign the forms or do you have a time frame before paying?

-Is insurance mandatory when doing a fix and flip?

-Average of closing cost?

I would like to know what other fees are associated with flipping a house.

Thank you very much!