The Cost is in the Details

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.

Closing costs
Financing costs
The real estate agent’s commission, if any
Permits
Carrying costs
Marketing fees
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.