Do you all as buy/fix/flippers consider a 35% return on spent money (purchase price and repairs) as solid? What is everyone's target? I know many appreciate a simple 10% immediate return. Thoughts?
It's usually a deal by deal basis (including how much money I have to put up for the property and renovations). But if I don't make $20K to $30K minimum on a flip, I wouldn't consider the deal.
@Andrew Hoelzel it depends on several factors. How long the project will take is one key. Others include, overall profit in actual dollars not just %, risk of the deal, and amount of effort on my part required. Frankly I am not sure % return on my money would even be something I would consider. (of course i am by no means normal or typical)
60k return on 170k spent.