The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

Now it is an REO property being sold by a local real estate agency.Because we were REALLY excited about possibly getting the house we always wanted, we got a buyers agent and we put in an offer at the full asking price, but just asked that we be able to have utilities turned on (the house had been abandoned) so we could get a proper inspection for financing. 1.

"Flips" or anything you resell within a year of buying it (without utilizing a 1031) is taxed as ordinary income.

The $15,000.00 is the cost of materials alone I will be doing all the work myself.

between the utility bills, foundation, and state taxes.

Ryan, Islands are the exception to this "rule" as they are always fastened to the floor no matter what the floor or subfloor material is.

By the way this is primo land if developed, and utilities and septic is in, but we can't do it.

Toilet $200 (nice toilet)Vanity $400Top $150Faucet $1002 piece shower/tub unit $300Faucet for shower $150Flooring Vinyl $1/sqft1/4" flooring .50/sqftDrywall for around the shower $70Material for framing $50Plumbing material $300-$400All in all you could redo a bathroom, without doing your own work for roughly $3000 if you are smart about it.

It has been a while since this topic has been addressed, does anyone know the actual costs associated with metering individual utilities in a multi unit property?

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