House Flipping - Profit vs Volume?

[Alton Bell]

Hello community. My name is AJ and I’m a new house flipper. So I’m very very early in my career, I’m now gona start to look into purchasing my first flip. I’m not trying to get ahead of myself but I have a questioned for my season flippers or anyone with some good advice. And honestly this may seem like a simple question but after I get rolling Flipping homes, I do plan on scaling my business to Flipping 3-5 homes simultaneously and just for clarification, from the research I have gotten on how flippers grew their business. When they wanted to flip 2, 3, 5, homes did you guys focuse on volume rather than profit you would have made on each individual property? It kinda makes sense just like you don’t want to do your own rehab work as a flipper. The idea is to purchase the home at a great price under way under market value get it rehabbed to me as soon as possible with quality and ethical work and get it back on the market. I’m guessing that’s the idea of your approach when scaling your business as well? Just try and flip more homes over a period of time rather than just sitting on each individual one? Volume over profit? If that makes sense?

[Derek Carroll]

@Alton Bell

I just focus on buying as many properties at a time as I can that fit my metric. I’m currently doing 12 flips. I need to make a minimum $25k per flip to make it worth by while and feel like there is enough margin to cover unknowns. While I’d love to make $100k on a flip that rarely happens. Just keep buying deals that fit your criteria and soon the business will scale and eventually you’ll also get the home run deal.