Profit, numbers, and guidlines for the first flip

[John Blythe]

hey all.

did a BRRRR last year and learned _a tonnnnn_.

still wanting to do BRRRR as our general strategy, but have come across a potential flip. wanted to see what some of your rules of thumb are concerning profit, margin, etc.

my moderate analyses are putting me at ~$30k when all is said and done on a $350k sale. is that decent? terrible? nearly nothing post-taxes?

would love to hear the thoughts on flip specific bugaboos to watch out for and guiding principles to keep in mind that are different from BRRRR/hold strategies.

thanks!