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How Much Does It Cost to Flip a House? Budgeting Tips & More

The Close

Your real estate agent and the lender will break down your closing costs in a closing disclosure form. Closing costs can range from 2% to 6% of the purchase price. However, a conservative rule of thumb to calculate your closing costs is to estimate about 5% of the property’s purchase price.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans: These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors.