Houston flip ROI question!

[Roland Rasos]

I have a few clients that I'm helping out and maybe some Houston area flippers can help out a little.

They're all looking in the 60k-120k range and I'm finding flips with around 16-21% returns (I'm subtracting 10% of the ARV for commissions, insurance, utilities, escrow, taxes, etc.).

Example of deal that I've sent over:

120,000 ARV

59,000 sales price + 28,000 repair costs + 12,000(10% ARV)= 99,000 Cash out of pocket

120,000 - 99,000 = 21,000 estimated profit

21,000/99, 000 = 21% ROI

Would you say that these are decent ROIs and my clients are expecting too much from the market? Or am I just struggling trying to find deals?

I know that there are other areas and different pricepoints that return more, but it seems like I'm having some difficulty finding anything in their range that fits what they're expecting.

[Michael Le]

Originally posted by @Hung Trieu:

hey  , I am realtor in Houston, I know what. I am looking for Jerk...,

 Well, that's weird