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Updated over 2 years ago on . Most recent reply

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Galit Garsiel
8
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37
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How much money on average do you make per flip?

Galit Garsiel
Posted

I know it varys a lot. Still, when you add the numbers and divide it by the number of flipps...

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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
3,110
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3,757
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Galit Garsiel

I think it depends on the difficulty of the flip. I bought a property cleaned it up and some cosmetic changes, took less then 30 days and sold in less then a week. It was an easy $15,000. I know some people won’t touch things for under $30K, 40K or 50K. Your market is going to drive this, but in general at least $25K-30K would be my goal. If I could I would do these little $15,000 flips each month. It’s way better then spending 90-120 days on a 30K-40K flip. Like all investing, it’s all about the numbers.

  • Kenneth Garrett
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