What % Of Profit Do You Need To Make On Your Deal?

Hello,



I am writing up an offer and I am trying to figure out how you pros decide what you need to make on a deal. I feel if you made 10% of the ARV that would be a pretty good deal and that is currently how I am structuring my offer. (10% of what we eventually sell the repaired house for)



What do you guys usually strive for?



Thanks

Comments(1)

  • bargain7628th February, 2006

    I usually strive for 20% of my sale price, but since I buy foreclosures mostly without seeing the interior of the house, sometime I net 35% to 40%, sometimes 10%

    Not very scientific, but it works for me.
    [addsig]

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