Rule of thumb to calculate how much profit you want to make?

[Allende Hernandez]

Hi guys,

Do you fix&flippers have any rule of thumbs when calculating how much profit is the minimum you'll take in a project?

What parameters you look and how you calculate them?

Thank you all in advance!

[Josh Miller]

I won't touch a deal unless I can make at least $25k off of it, and that's on houses I buy for less than $100k.  I also like to double my projected construction costs just to play it safe.  I think you need to bring your price way, way down.