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Updated almost 6 years ago,

User Stats

128
Posts
34
Votes
Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
34
Votes |
128
Posts

Flipping profit in the Piedmont area of NC?

Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
Posted

Hey there BP community, I am a newbie looking to start flipping houses with my partner starting in July-August 2019. We are attempting to figure out what the average profit margin is for flipping a house in Greensboro NC, is it possible, probable or a long shot that a 20-30K profit margin can be achieved in this area? What is the average time between acquisition, rehab and sale? Is it the average 4-6 months that  J.Scott mentions in the book on flipping houses or is the Greensboro market different? 

Thank you guys so much for taking the time to read and answer.