How Much Profit You Should Make If You Flip A Property?

Q: How Much Profit You Should Make If You Flip A Property?
Stuart
Chicago, Illinois

A: That’s a question I get a lot from my coaching students, Stuart. While there is no universal set profit amount that’s etched in stone that a real estate investor should make, your profit should be worth the time and effort you put in. The more work you have to do, the more profit you should require as an investor before you make a yes or no decision on a property. It’s also important to understand the right relationship between property price and your profit. So, in general the more you pay for a property, the more profit you should make—because risk and reward go hand-in-hand and a property that costs more requires more money and in my view more profit. Thanks again for your question, Stuart—good luck. For more real estate tips and information, visit performanceproperty.com or geraldlucas.com. I’m Gerald Lucas and I’ll see you again soon.