Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
![Milind Shastri's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/674493/1629144496-avatar-milinds.jpg?twic=v1/output=image/crop=768x768@0x0/cover=128x128&v=2)
Cost of flipping (a car!)
This is kind of weird. I usually flip houses, but with working from home available from my regular job, I'd love to try out working from a vehicle. Say I buy a bus or a van listed at $30k and sell it 1 year later for $31k (all numbers out of...umm...air), rehab it for $2k, I'm wondering how much it would cost me end-to-end in Texas. I'm being a bit lazy here but any ideas folks? am I missing anything...
One-time costs:
Purchase: -$30,000
Depreciation: -$1,200
Title, tag, registration fees: -$180 (35, 55, 90)
Sales tax, etc (buying): -$2,000 (6.25% in TX)
Broker fees: $400 (?)
Selling: $32,000
Holding costs:
Depreciation: -$1,200 (1 year)
Maintanance: -$2,000 (1 year)
Insurance: -$6000 (1 year)
Total:
Net cost of ownership: $10,980 + gas