When A Property Is A Good Flip
I was looking at the differences between flipping and holding/selling. For both of them you have to pay the real estate agent and other fees to get rid of the property. This obviously concerned me for making a profit. So I pose the question for you out there...
What percentage of profit makes sense before a property makes a good flip?
_________________
Dale DeMott
[ Edited by ddemott on Date 10/26/2003 ]
You don't have to pay an agent fees, and you don't have to pay to get rid of it. Assign the contract, get a finders fee, attempt the ever controversial double closing, etc. Talk to some creative investors, they should point you in the right direction.
Andy
That sounds very interesting.. any books I should be pointed to in order to figure this out?
[addsig]