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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Rehabber
1
Votes |
38
Posts

What is considered a "good" profit on a flip to make the deal worthwhile?

Account Closed
  • Rehabber
Posted

Just in general, what do any of you experienced flippers consider a "good" profit to make a deal worthwhile? I'm analyzing a deal right now on a REO but the bank has come back to all offers (5 of them) asking for our best and final offer. I've figured out all my costs and have predicted there to be a $15,000 profit when all's said and done. Just trying to determine how much, if any, I should go up on my offer, but that would then cut down on my proft.

Most Popular Reply

Account Closed
  • Manasquan, NJ
23
Votes |
88
Posts
Account Closed
  • Manasquan, NJ
Replied

Subjective response if I was to reply. I would look at my business plan to see if I reached or exceeded my goals.. Just my opinion

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