The rate that you pay to process a credit card transaction is a combination of base costs and markups called merchant discount. Think of merchant discount as the retail price of credit card processing, base costs as raw material expenses and the markup as production costs.
I divided the rehab cost by the square footage and came up with a cost per square foot for each home. The rehab ranged from 7-15 dollars per sqft for an average of $12 per sqft. For example a 1000 sqft home should cost around $12,000 on average to do a cosmetic rehab.
Between $800 to $1,500 is where the fees should be for attorneys on a real estate transaction, and where most attorneys I've seen are at. This fee is just a small fraction of the total expenses related to a coop purchase.There are 2 major parts to closing costs, lender related fees and title related fees.etween $800 to $1,500 is where the fees should be for attorneys on a real estate transaction, and where most attorneys I've seen are at. This fee is just a small fraction of the total expenses related to a coop purchase.