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Updated almost 7 years ago,

User Stats

860
Posts
323
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts

Is this okay? Would love your opinion

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted
He guys! I have done about a dozen condo and townhome flips in the past year and I’m very curious to hear your thoughts as I am completely new to the game. Please see the five most recent once I completed below. Any feedback from you guys would be greatly appreciated! #1 - bought for $51k and sold for $119k. Net profit was $35k 
#2 - bought for $50k sold for $109k. Net profit $22k 
#3 - bought for $58k sold for $97k. Net profit $17k 
#4 - bought for $95k sold for $172k. Net profit $23k 
#5 - bought for $156k sold for $207k. Net profit $28k. I happen to love condos/townhomes because I am not responsible for exterior items such as roof, siding, landscaping, etc. they also require very minimal investments and minimal risk exposure. I have only been doing flips for about a year and am profitable, but not sure if the above numbers are considered great in this field. None of the above properties took longer than 4 months from purchase to resale.

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