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Updated almost 10 years ago on . Most recent reply

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Marci Stein
  • Rental Property Investor
  • New York, NY
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avg profit to expect on a flip?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

just wondering what the minimum amount of profit to be made on a flip might be...my friend said she expects make at least $15,000 and wont buy anything that may bring in less.
Thoughts?

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Bryan H.
  • Investor
  • Willow Spring, NC
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Bryan H.
  • Investor
  • Willow Spring, NC
Replied

I don't think dollar amount will be a good way to describe return from a flip. $15k return on $50k flip, IMO is well worth it. $15k on $500k flip, IMO too slim for me.

Based on the 70% rule, I think many shoot for 15% ROI.

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