As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.

The study from some Florida Atlantic University took historical price change data from Zillow and compared it to current trends. 

Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1)  are we subject to transfer taxes or fees for the transferring?

Hi John,It's a matter of opportunity cost.Yes capital is more expensive right now, but based off cyclical and long term data, asset prices begin to rise rapidly as money becomes cheaper.

Leverage Market DataUse data-driven approaches to adjust your offer strategy: Comparative Market Analysis (CMA): Constantly analyze comparable properties in your target area to understand market trends, price points, and days on market.

Both of these have changed with interest rates higher than in the last 3 years and technology making it relatively easy to track deed transfers.

Hey@David Hertz. 1️⃣ Regarding a “subject to” on a hard money loan: It’s a tricky one because most hard money lenders will have clauses that make the loan due upon transfer of ownership.

I agree that all carryover data should be provided regardless of how bloated the return is.

I appreciate that Propwire is free, so I'll continue to use it unless the data proves to be inaccurate. 

The buyer requested a transfer from his job to the city where the house is but now the job wants him to start work next week, I told him we can probably let him and his family occupy the property prior to the closing date.