what income to you expect from a more expansive flip?

[Kate J.]

Hi! I wonder what is the best case scenario that happen to you when you were purchasing a flip house for 500000 and above? I know 70% rule etc, but I don't know if I should put down so much cash for an average return. To me, the more money one puts in, the more risk one takes. So how much return would you need to jump into this deal?

[Deren Huang]

Kate J.
Depends on the risks, and financing, but usually people look at 10-15% back on your cash or just a flat amount they want to make.

The average price of home here is 150k so I don't have much experience with 500k+ homes.

Ex. Legendary Brandon Turner wants to make at least 20k and with a JV he wants 30k (so he gets 15k) but I don't think he is doing 500k+