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Updated almost 4 years ago,
House Flipping - Profit vs Volume?
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?