First Single-Family Fix and Flip at 21 (NEED ADVICE)

[Lorenzo L.]

Hello all,

I'm looking to do my first single family fix and flip in the Greater Boston/Worcester area. I am reaching out to experienced flippers to help me make the process as smooth as possible. 

Can someone provide me a fully detailed cost plan of every single item that I will need to pay when doing a fix and flip. In terms of, acquisition costs, holding costs, renovation costs, and selling costs.

I want to be able to minimize risk and not be surprised when some other cost comes by.

Right now, this is what i've got:

Acquisition costs:

1. Purchase Price
2. Earnest Money Deposit 
3. Home Inspection Fee
4. Appraisal Fee
5. Title Search Fee
6. Loan Origination Fee
7. Homeowner's Insurance
8. Escrow Account Setup
9. Transfer Taxes
10. Title Insurance
11. Recording Fee
12. Attorney Fee

Holding Costs:
1.Loan Interest Payment
2. Property Taxes
3. Property Insurance
4. Utilities


I'm looking for help on the renovation costs and selling costs.

Thank you!