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You’ve probably seen house flips on TV that make it look easy — but they never show you the real costs
If you think flipping is just buying cheap and selling high, you might be in for a surprise In this video, I’ll break down every major expense you should expect when flipping a house, from purchase price to the little hidden costs that can eat up your profit 💵 Purchase Costs 1. Purchase Price 2. Closing Costs 3. Inspection & Appraisal Fees 🔨 Renovation Costs 1.Cosmetic Repairs 2. Major Repairs 3. Labor Costs 4. Permit Fees 🏦 Financing Costs 1. Loan Interest 2. Points & Origination Fees 3. Holding Costs While You Own the Property 🏚️ Selling Costs 1. Real Estate Agent Commissions 2. Seller Closing Costs 3. Staging & Marketing 🚨 Common Cost Mistakes 1. Underestimating renovation time (and paying more in holding costs). 2. Not budgeting for surprises (always add a 10–15% contingency). 3. Forgetting to factor in taxes on profit.
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New construction and newly renovated homes are pricing out first time homebuyers. First time homebuyers are looking for Older Homes that they can renovated over time.
In this video, we review data for Foreclosure Activity (default notices, scheduled auctions or bank repossessions) in First Half of 2025
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Paul & MichaelWe buy and sell real estate virtually all over the United States! Archives
October 2025
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