5 deal strategy sounds easy but how will it really work out?

[Skip Gilliam]

I am new to investing only experience I have is with the 4 personal homes I have bought and sold over the years. Looking to change that this year and expand into small fix and flip deals. I am working on getting RE license and have been thinking about just trying to set a goal of 5 transactions the first year. Not looking for major rehab flips, just minor work, paint, maybe some flooring, countertops maybe a little yard work. Would hope to make $5-$10k per flip plus the commission on the properties. I know that's not ideal and doesn't leave much room for holding costs but it seems doable in my area. Any thoughts on this strategy to start?