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Updated over 17 years ago on . Most recent reply

Willis Seng's profile image
Willis Seng's profile image
Willis Seng
  • from Dallas, TX
  • Member since Jan 7, 2008
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Willis Seng's profile image
Willis Seng's profile image
Willis Seng
  • from Dallas, TX
  • Member since Jan 7, 2008
Connect
Willis Seng
  • Dallas, TX
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Rehabbing & House Flipping

Profits from flipping houses

Willis Seng
  • Dallas, TX
Posted

I was just thinking, if I were to flip a house and sell it for 25% more, what would that get me in terms of profits, because i know tax takes a HUGE chunk from the sale. If I sold it for 25% more and tax takes out 25% wouldn't I be breaking even?

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