Welcome to passive real estate investing, the show where busy people like you learn

how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello my friends and welcome to an Now here's your host, Marco Santorelli's.

Hello, my friends and welcome to another episode of Ask Marco,

where I answer your investing related questions.

Today's question comes from Nia, and these are beginner turn key real estate

investing related questions. She's got six well laid out questions here and I'm

just going to take them one at a time, read them and answer them.

She says, hi Marco, I recently discovered your podcast and I had a few questions about

turn-key real estate investing.

That's great. That's my favorite subject. So the first question she

has here is what are the expected expenses to an investor of a turnkey property

for example closing costs inspector inspector fees, monthly mortgage.

This is a great question.

So your expenses are, yes, the closing costs.

These are things such as title insurance, recording fees, escrow fees,

document fees, prep fees. The fees seem to go on and on.

Fortunately, a lot of this stuff is anywhere from $30 to a few hundred dollars.

But it's all on a statement called the settlement statement.

It used to be called the HUD HUD named after the Housing and Urban Development Department,

HUD, but now they call it a settlement statement and so your closing costs are listed on

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