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Updated almost 10 years ago,
Fix and Flip Calculator - Very confused
Hello all, I have been doing a lot of research and decided to play around with the Fix and Flip calculator. Let's just say I am very lost in terms of plugging in the correct numbers. How do I determine what the monthly expenses will be for the homes I am looking at in my target market? Do I have to google what that area average monthly expense is for example water, gas, sewer, etc.. each month? Also, how do I figure out the closing cost and contractor cost and then finally come up with a ARV? Also rehab cost? I know it is very important to figure out all these numbers, but how do I begin to do that when I am brand new? Thank you