Holding and Closing Costs

[npknucks32]

What’s the basic formula to determine holding costs on a property? Also, how are closing costs determined as well?

[niravmd]

mortgage payments + taxes + hoa fees[if any] + utilities +marketing fees = holding costs on a vacant property. factor more if doing rehab.

closing costs are usually commissions [between 3-6%] plus escrow
and title insurance.

[npknucks32]

@niravmd

mortgage payments + taxes + hoa fees[if any] + utilities +marketing fees = holding costs on a vacant property. factor more if doing rehab.

closing costs are usually commissions [between 3-6%] plus escrow
and title insurance.

Thanks.

[npknucks32]

@niravmd

mortgage payments + taxes + hoa fees[if any] + utilities +marketing fees = holding costs on a vacant property. factor more if doing rehab.

closing costs are usually commissions [between 3-6%] plus escrow
and title insurance.

I’m new, what are HOA fees?

[Mr.Dizzo]

Home Owners Assocation fee’s can be a real pain.

[npknucks32]

@Mr.Dizzo

Home Owners Assocation fee’s can be a real pain.

I gotcha, thanks for the help.

[kdhastedt]

It’s your share of the payment for the yard/paint Gestapo!

Keith