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Updated over 1 year ago,

User Stats

12
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37
Votes
Kimberly Bunch
37
Votes |
12
Posts

What is your expected profit as a percentage of ARV? Average Reno Cost per sq. ft.?

Kimberly Bunch
Posted

What percentage are you all expecting to make per flip. I'm new(ish) and set my original desired profit on my first 3 flips at 10% bc I wanted to get in the game and get experience. Each home sold $550K and I made about $55k on each in 4 months each. I'm wondering what other investor numbers look like? My first two properties came from MLS and my 3rd came from a wholesaler. I'm curious if starting to market to off-market properties if I may be able to get a higher margin.
Also, I have been paying about $100/sq ft for total gut reno. Again - would love to know others experience. 
I am in Cobb County, northwest of Atlanta for reference. 

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