Hi All,
What method do you use to calculate the margin on a flip when deciding whether or not to proceed?
I've had a look around and seems like the standard method is take the sale price and take a percentage of that, so for example on a £400k sale if my target margin is 20% then I need to be buying and refurbing the property for £320k. In today's market this seems impossible. Even a 10% margin seems highly unlikely.
Thoughts/advice much appreciated