Rehab Profits Now

[Ember Meadows]

Since so many people just focus on wholesaling-I am just curious what is the average amount or percentage you can make when you do a rehab? I have heard people laughing about the TV shows like Flip That House because the profit wasn't realistic, so I'm just wondering what is?

Obviously you have to do your comps before you decide on a house to rehab. Whats the single factor that carries the most weight...Days on market in the area, the price, etc?

[Greg P.]

20-40k, there's really no average.. you could lose money and it really depends on your experience level, how busy you are and what you want to take on. If there's a lack of inventory/deals then I am ok with 20k.