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.
wdnole said: â. Just got a GFE with closing costs for an investment property and it seems very high. I hold my current primary residence loan with WF so I gave them the first shot at my purchase of an investment real estate in Florida. Estimated closing costs for a $220K home with 20% down ($176K loan) are about $11K.