300k average profit on a flip - is that real?

[Pierre E.]

I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula. Is this true? Is anyone flipping in a market where this is "average"? I kinda get it if 4 and 5 bedroom properties are going for 1.5 million in that market but... thats just math wondering what reality is?