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Updated about 5 years ago on . Most recent reply
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Flip And Fix expenses type
Hello BP community, Pleasure knowing !
I plan on investing in Philadelphia, doing some fix and flip. Begun analyzing the Philadelphia are and i'm pretty confident as for neighborhoods i want to invest in. I am not so confident regarding the deal included expenses.
Let's assume the flip is on a 2\2 1,050 SqFt
Please, help with expenses type and estimate, Like: (Cash deal - no finance needed)
* Closing cost - 2%
* Insurance - ?
* Property Tax - ?
* Permit cost - ?
* Realtor fee - 6% when selling (encouragement when providing a good deal)
* Rehab - Labor cost \ Materials \ Utilities - Heater, boiler \ Electrical \ plumbing \ Flooring \ Window Ext.
* Inspector fee
* LLC company fees
* Title company
Anything else included?
Please, if someone can provide an excel worksheet on a flip he recently made - i'd be more than thankful
Thanks in advance
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Sam, if you don’t mind could you send that to me as well?