First Time Flip ROI

[Stacy Weng]

I know this is going to be different for everyone, but what's a good ballpark ROI to aim for for my first flip? I'm analyzing some deals right now and trying to figure out what a realistic range is. I'm assuming that for a very first flip, I should aim a little lower, and work my way up to better returns as I gain experience?

[Dana Whicker]

On your first flip a profit of $1 or more is a good result. I'm not kidding.