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SignUp Now!Matt,What’s the average return on a house flip? Like nothing extravagant just a usual return one would expect. Also what would be considered too low to bother? (If that’s not to subjective a question)
Matt,
I am a bit more of a volume flipper. I aim for 10% of my purchase price in profit after all costs including financing. So on a $400k purchase, I want to make a minimum of $40k profit after everything before taxes. At lower price points, I want to make a minimum $20-25k even if the property is very cheap. This is also assuming a full cosmetic reno, not gutting to the studs or any additions.
Why wouldn't you just build homes instead? Margins are way better and you get to (generally) work with much better trades.