I'm just wondering how you figure the holding costs when figuring your offer price. I will be flipping the home to another investor and I want to make sure my numbers are right. Thanks for any help!!!
calculate/estimate the time you think it will take to rehab, get sold, and actually close after rehab. (3-6 months).
Estimate utilities, mortgage expenses, property taxes, insurance etc over that period of time, and add them all up.
hahaha, you know that is really easy to say and hard to do. Would their be a percentage of the homes MRV that you could plug in to get a broad estimate of teh holding costs?
calculate/estimate the time you think it will take to rehab, get sold, and actually close after rehab. (3-6 months).
Estimate utilities, mortgage expenses, property taxes, insurance etc over that period of time, and add them all up.
Then double it
hahaha, you know that is really easy to say and hard to do. Would their be a percentage of the homes MRV that you could plug in to get a broad estimate of teh holding costs?
I have a tool that could help you figuiring out. If you send me an email I will email to you.
RVATX
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