SSS #111: Top 10 Hidden Costs When Buying Real Estate


Happy Halloween! πŸŽƒ

What's your favorite Halloween movie of all-time?

Mine is probably Hocus Pocus. Still can't believe that was Sarah Jessica Parker.


The buyer's inspection at the Madison Duplex happened this past Wednesday. Wednesday also happened to be the day after that wicked Nor'easter. 😭

There was some water in the basement, obvi.

I'm hopeful about moving forward with the sale despite the buyer's request for a pretty fat ($25K!!!) seller credit.

Reminder: we're under contract to sell for $565K and we bought this place ~4 months ago for $485K.

That's $80K in Gross Margin... Pretty impressive, right?

Well... kind of, not really.

This week's video tells the full story behind our total cost basis on this property.

The purchase price is just the beginning. You have to also factor in:

  • Due diligence costs
  • Financing costs
  • Closing costs
  • Carrying costs

Watch the full video to find out our all in number on this property.

β˜€οΈ Sun

Livin' La Vida Luna



Top 10 Hidden Costs When Buying Real Estate (Using a Real Closing Document)


I got my first downvote! πŸŽ‰

YouTube: the only(?) social media platform that allows consumers to tell creators they suck with the click of a button.

This downvote came on last week's video. I'm telling myself the viewer was upset about the audio quality. In which case, I already gave myself a thumbs down in that department so... 2 negatives equal a positive.

Anyway, I've solved the subpar audio equation. I dusted off the old AudioTechnica USB mic, hooked it up to a boom arm, and fastened it to a TV Dinner Table.

I plan on using this setup until further notice. It looks a little weird in the shot, but whatever. Sounds crispy AF.

The next problem I need to solve for is lighting. I think I'm going to grab the GVM 100W Soft Box Light soon. I'm crossing my fingers 🀞🏽 for a Black Friday sale to see if I can get it slightly cheaper.

Here’s how I’m tracking against my YouTube goals:

βœ… 12 / 100 videos published

βœ… 63 / 1,000 subscribers

βœ… 60 / 4,000 hours of watch-time

Please don't forget to:

πŸ‘€ Watch the entire video

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Click here if you prefer to read the script over watching the video