emily asked:

What is the average profit on flipping a house?

Monday, April 02, 2007

Anyone know the average profit on flipping a house in the Salt Lake / Ogden / Provo area?

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Responses

rmminkspot said:

Hi, IF you watch cable tv, TLC, and A & E always, especially nights, has a show called "Flip that house", and Flip this house. Watch, after only couple times you'll know that there is no average. Profits depend on purchase price, money invested in repairs/updates, and final sales price. IF you have the money and are ready to do this, will you please email me because I know how to buy homes for very little money, sometimes less than penny per dollar of value. Right now I am home with hip injury, out of job and raising grandchildren. Real Estate business, as I said in this email my way is what I am going to do, just a matter of getting few hundred, not thousands together to begin. RMM

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