Updated almost 7 years ago on . Most recent reply
Holding and Financing Costs? Calculating and difference??
I am a brand new investor and have a couple questions. Ok so I have a property that I am looking at that has a potential to be a good flip. Profit is $20,000 BUT I have not calculated the Holding costs or Financing costs yet. For safety's sake say it took 5 months to fix this house up. Then what? The monthly insurance is roughly $40 rounding up. And monthly property tax is about $130 rounding up. Any help? Google has not helped much these past two hrs. What else do I need?