Profit on a Flip, especially in the Bronx

[Ceasar Rosas]

Hi Everyone,

I'm just curious to know, what does everyone write in as their profit on a flip when doing their calculations? 

I'm currently flipping a house in East Stroudsburg, Pa and on that we should be at about 22k profit when all is said and done. The house cost 25k with 30k in renovations and hoping for a sale between 90k - 100k. 

I live in the Bronx, New York area and am looking to find a deal and doing a property flip here. Should I use a number like 50k or go with a 20% profit to do my numbers? Average single family flips are selling between 450k and 500k. I'm curious to know what other investors are doing.