Whats the minimum profit you are looking for in a deal?

[Ricky Knack]

What is the minimum profit you look for in a deal? How do you calculate what you would like to have your profit be?

[Deborah Vahle]

@Ricky Knack I see from your profile description that you are a flipper/rehabber. Are you doing buy and hold investments or strictly flipping for resale? Speaking for myself, I mostly do rehabs that I buy and hold. 5 years ago, I was looking for at least 10%. Now, in the Nashville market, I look for at least 7%. The market here is pretty inundated, but there are still deals to be had. I've always been more interested in building equity and earning passive income vs. flipping to sell, so I can't really speak to the other side. I have clients who rehab and flip and they usually look for at least $100K on the upside--they deal w/higher-end flips.