How to start flipping houses

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After selling your first flip, you have a decision to make. Are you going to invest the profits in another flip? new money writes that the average ROI range for fins is 10-20%. So, for example, assuming a 15% ROI on a $100,000 house flip, there would be a gain of $15,000. Many things make a difference in these numbers, including the location of the house, the selling price, and how much you owe the bank as a house flipper.

If there is a large enough profit and the goal is to continue flipping houses as a business, it makes sense to invest the money in another house after paying off the first one. This begs the question: how many houses can you flip in a year? Of course, there are a lot of moving parts that make every situation different. Still, there are no legal limits to the number you can return. However, if all goes well, a pinball machine can realistically renovate around two to seven homes a year (via Overturning Prosperity). Factors such as having a team, sufficient budget, and decent housing inventory can affect these numbers.

In conclusion, flipping houses is not easy. It’s a risk but sometimes worth it. It can be a great investment choice if you’ve done your homework, can secure the financing, and are willing to share the profits with a team.

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