Updated about 10 years ago on . Most recent reply
Wondering what profit are you guys making on your flips before overhead
This was a very slow year for us on flips. We did only 16. From 16 we only sold 14 and 2 were sold to rent to own tenants.
Margins ranged from minus 3k on one :) to 23k on most profitable one.
What are you guys making?
Most Popular Reply
That is why I quit doing flips. I couldn't seem to find real deals for high dollar flips and so I did a bunch of cheaper house flips. It seemed that for all the trouble, I was only making an average of 4-7,000 per flip and I decided that I could make almost as much each and every year by renting the property. And still have the property to sell if we ever decide to change. We are now up to 48 single family rentals, 6 added this year.