Rehabbing & House Flipping

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Drew Winningham
  • Flipper/Rehabber
  • Bangor, ME
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Flipping around Bangor,ME

Drew Winningham
  • Flipper/Rehabber
  • Bangor, ME
Posted Sep 13 2019, 11:56

My wife and I are looking to start rehabbing properties for resale. While talking with banks about financing, one told me that investors in my area are making 10-15k on average per flip. This seems like a low number for all the work that goes into a flip. Should I be seeking a different means of investing? Not trying to sound hoity-toity; I’m just feeling that at the end of the project, 10k is not going to feel like a sufficient payout for the sweat and tears.

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