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Updated almost 8 years ago on . Most recent reply

Ned Micic's profile image
Ned Micic's profile image
Ned Micic
  • from Wayne, New Jersey
  • Member since Apr 11, 2016
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Ned Micic's profile image
Ned Micic's profile image
Ned Micic
  • from Wayne, New Jersey
  • Member since Apr 11, 2016
Connect
Ned Micic
  • Wayne, NJ
4
Votes |
23
Posts
Real Estate Deal Analysis & Advice

Need advice from an experienced flipper

Ned Micic
  • Wayne, NJ
Posted
I'm looking to get into my first flip within the next couple months. I have about 300K cash and have been looking for a deal for a few weeks now. I need some advice from some of you experienced flippers. What type of profit margins do you need in order to take a deal? I made some offers on a few properties but I feel that if i'm not making at least $50K ARV its too risky. How do you evaluate if a deal is a good one?
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