Flipping homes in New Jersey

[Kunal Mishra]

Hello All, 

I have flipped 3 homes in the last 18 months, 1st one was in Hudson County, NJ, second in North Brunswick, NJ and third in Wayne, Passaic County.

I just wanted to get a sense from other fellow investors in NJ and out-of-state that what minimum profit margin do savvy flippers work on and get into the deal. 

Do I just focus on volume (off course if I can handle) and even settle with 20-25k net profit if can be in and out in 3-4 months?

I know there is not a straight reply to this, but the prices of REO properties are going up in NJ and I am sure the margins are narrowing down.

Thanks

Kunal M.