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Updated about 5 years ago on . Most recent reply

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4
Posts
2
Votes
Orian Eran
  • Developer
  • Israel
2
Votes |
4
Posts

Flip And Fix expenses type

Orian Eran
  • Developer
  • Israel
Posted

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

Most Popular Reply

User Stats

88
Posts
40
Votes
Nick Ferrari
  • Property Manager
  • Allentown, PA
40
Votes |
88
Posts
Nick Ferrari
  • Property Manager
  • Allentown, PA
Replied

Sam, if you don’t mind could you send that to me as well?

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