Percentage Deal on a Flip

[Joseph Muench]

Hi everyone. I am an agent in Nashville and specialize in sourcing fix and flip deals. Although I am in Nashville, I am curious to hear from everyone as well as those in Nashville. I am interested to hear what percentage of deal you typically like to buy as an investor for a flip property. I understand obviously you want the best deal possible, but to be realistic, what would you find as a good percentage to make a desirable profit? For example, I know the Nashville market has been hot and finding a deal under 74% is becoming more and more rare. More frequently I will see deals go at or around 76-79% and investors are still able to make a healthy profit. What do you guys think and what do you guys find acceptable? As an agent who is usually on the opposite side of the fence, I am curious to hear what buyers/investors have to say.