Is this okay? Would love your opinion
He guys!
I have done about a dozen condo and townhome flips in the past year and I’m very curious to hear your thoughts as I am completely new to the game. Please see the five most recent once I completed below.
Any feedback from you guys would be greatly appreciated!
#1 - bought for $51k and sold for $119k. Net profit was $35k
#2 - bought for $50k sold for $109k. Net profit $22k
#3 - bought for $58k sold for $97k. Net profit $17k
#4 - bought for $95k sold for $172k. Net profit $23k
#5 - bought for $156k sold for $207k. Net profit $28k.
I happen to love condos/townhomes because I am not responsible for exterior items such as roof, siding, landscaping, etc. they also require very minimal investments and minimal risk exposure. I have only been doing flips for about a year and am profitable, but not sure if the above numbers are considered great in this field. None of the above properties took longer than 4 months from purchase to resale.