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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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