Updated about 7 years ago on . Most recent reply
Profit on a flip what’s a good margin
So I have a relative that flips houses. I would like to invest. What should I expect as a rate of return?
For example, he will puchase the property for 50k, needs 15k for renovations. I give him 5k. He does all the work himself. The house sells for 115k. What would you ask for as profit?