Holding and Closing Costs

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

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?

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

I gotcha, thanks for the help.

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