All Forum Posts by: Kelsey Berrini

Hey everyone,

I'm trying to get a clear breakdown of holding and renovation costs for a live-in flip and wondering what exactly should be included.

• Do you factor in mortgage interest while living there until you sell?
• How about acquisition closing costs?
• Are there any costs you typically exclude that I might be overestimating?

I feel like I’m either including too much or missing something important. Would love to hear how you all calculate this!

Thanks in advance! 😊

Hello, 

My husband has been offered an opportunity to work for my uncle who is looking to retire in the next few years. His business is audio video and had acquired other small businesses over the past twenty years. My husband would have to begin as a technician, then learn the operations and sales of the company. The hope would be that he can step in when my uncle is ready to retire. 
My husband is currently in staffing/recruiting as a business development manager making a livable wage plus commissions. My uncle offered him the same base pay without commission so the earning potential is less. 
We are expecting our first child in February and the work life balance would likely be much better if he is working for family, versus a job the requires him to be in the field 9 hrs a day with an hour commute each way. 
My husband likes his coworkers and the job he is doing now, and loves the commission structure, but we are wondering if the new opportunity might be better for our growing family now and in the future. 

Any advice would be greatly appreciated! TIA!