Beyond the cost of the property and the repairs, What are some of the other costs associated with flipping transaction? First time house flippers should understand all the costs associated with transaction in order to make the most of an offer. Below is a list some of the costs a newbie may not think about.
The real estate agent’s commission, if any
Repair cost contingency
From your initial offer, estimated rehab cost, and all the associated costs, Lead Funding’s staff has decades of experience in all areas of real estate, including valuation, budgeting, scope of work, and project execution.