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Updated 6 days ago, 11/26/2024

User Stats

150
Posts
50
Votes
Clayton Hepler
  • Rental Property Investor
  • Pittsburgh, PA
50
Votes |
150
Posts

Fixed Cost Calculations. Where to find??

Clayton Hepler
  • Rental Property Investor
  • Pittsburgh, PA
Posted

J Scott breaks down all the fixed costs on closing a wholesale/flip deal. I'm a new investor and wanted to understand where I could find all these costs for a certain zip? Are they more universal? 

  • Inspection Costs - $400
  • Lender Fees - $1,000
  • Closing Costs - $2,000
  • Mortgage Payments - $2,500
  • Property Taxes - $600
  • Utilities - $1,000
  • Insurance - $200
  • Commissions - $4,000
  • Selling Closing Costs - $4,000
  • Home Warranty - $500
  • Termite Letter - $100
  • MLS Fees - $100

User Stats

30
Posts
6
Votes
Alfred Johnson
  • Wholesaler
  • Rocky Mount, NC
6
Votes |
30
Posts
Alfred Johnson
  • Wholesaler
  • Rocky Mount, NC
Replied
Quote from @Clayton Hepler:

J Scott breaks down all the fixed costs on closing a wholesale/flip deal. I'm a new investor and wanted to understand where I could find all these costs for a certain zip? Are they more universal? 

  • Inspection Costs - $400
  • Lender Fees - $1,000
  • Closing Costs - $2,000
  • Mortgage Payments - $2,500
  • Property Taxes - $600
  • Utilities - $1,000
  • Insurance - $200
  • Commissions - $4,000
  • Selling Closing Costs - $4,000
  • Home Warranty - $500
  • Termite Letter - $100
  • MLS Fees - $100

 So, hello and Happy Thanksgiving to the BP Family! I'm currently reading Brandon Turner's book on No and low money down. I'm curious as to how to go about finding these fixed costs in my area.  Do I have to wait for J. Scott's book to arrive to get to know the mystery?