Chicago, IL · Member since 2017 · 23 posts · 4 votes
Is it realistic nowdays to aim for 30% profit for SFH fix & flip (In safe neighborhoods, not like chatham)? If no, what percentage do you think is realistic?
Is it realistic nowdays to aim for 30% profit for SFH fix & flip (In safe neighborhoods, not like chatham)? If no, what percentage do you think is realistic?
We're currently using 30% as the starting point for evaluating a deal. Primary reasons
If we get surprised with either more expenses or the actual sales prices turns out to be lower, then we'll have a buffer. (We also have a minimum profit # dependent on the ARV)
I say currently using 30% because we'll periodically adjust the % based on other economic metrics we monitor.