25k per flip, 6 month hold.
Hi, i've been studying house Flipping for many months now, trying to work up some balls to do this. I would do a hard money loan. I got houseflippingspreadsheet program for cost analysis. I don't want to get into something where only top 1% make 25k per deal. Is it likely I can make real cash at this: a minimum 25k ROI for a 6 month hold? Or only top cream of crop get that return after years of experience? Experienced flippers pls let me know. I'm looking for my deal in 15 mile radius of pasco county Florida.
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It depends on the type of deals you're looking for, but if you're rehabbing houses that resell for $150K or above, I would expect that you shouldn't be undertaking any deal that won't return at least $25K.
As for whether it's possible, it most certainly is...the hard part these days is just finding the deals...