Flipping Annual ROI
For all you experienced flippers out there, what kind of average annual return on your money can you get by flipping rental property? I've read supposedly experienced people on this an others sites say that can they can average a 50%-100% annual return on their money by actively flipping homes. Do you guys hear agree? I understand a newbie probably cant get those kinds of returns but do you guys think that with experience those types of returns are generally possbly.
I understand it would also vary depending on the amount of money someone had to work with so lets say for the sake of discussion that you had 240k cash to work with.
If I could could get a 50% annual return working for myself on my 240k I would happy as a clam!!!! I'd even be happy with a 25% return on that money.
If you cant tell i'm itching to leave the rat race and work for myself.