Updated about 10 years ago on . Most recent reply
What is a realistic profit return on a flip in Austin Texas
I see many houses getting bought at very high prices for the area. If no sqft is added then obviously the sales price is limited. Is 30K-40K a respectable return in that situation and is that the goal?
Different strokes for different folks but I am just asking in General. Is a 40K profit over a four month duration considered a victory?
Most Popular Reply
Our goal is about $15,000/month return at a minimum. It can be done,
We are about to put a house on the market that we actually got from the MLS. It is in fast appreciating east Austin. It should exceed our goal. While we are not adding size, we are able to add a bedroom within the existing footprint. We are also relocating a bathroom.
We are in a networking group and the lead couple seem to be averaging $10k/house/month. They always have at least one going adn sometimes two going at the same time.