Rate of Return when flipping

[Mary Eubanks]

What is the minimum rate of return I should be looking for to make a flip worth it?

[Evan Polaski]

@Mary Eubanks, I look for $50k minimum projected profit or 20ish%, whichever is higher.  But this also has to do with overall scope of work and projected timeline.

$50k min, because a missed sewer line replacement can run $30k, so regardless of scope, I need to make sure I have real buffer.  And because all flips require work, and I simply value my time.  20%, because I don't want to put out $500k to only make $50k.  In Cincinnati, where houses are still relatively affordable compared to coastal metros, I won't say there are a lot of properties that will hit this mark, but there are certainly some, so no need to jump at low yield properties, when I know another higher yield one will come, even if it takes several months or so.