Gagner: Bridge Equity typically nets around $100k profit per deal
Mark Gagner · Use Friends Money to Make $500k Ethically with Mark Gagner of Bridge Equity Group · Jan 29, 2016 · at 5:19
Mark Gagner of Bridge Equity Group discusses average net profits per flip after factoring in financing and carrying costs.
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“Typically we net somewhere around a hundred K give or take on a lot of our deals. More on some of the larger ones.”
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More from Mark Gagner
Gagner puts zero cash down on acquisitions and 10-15% on rehab
“So I'm actually to acquire the property, I'm not putting any cash into it, but I'm putting some of the cash into the rehab budget as well as the as well as the carrying costs. So I'm probably maybe 10 to 15% of my own money into the total deal.”
Gagner: Northern California flips consistently sell after two weekends
“Typically we're putting houses on the market and running two weekends of open houses and accepting offers that second weekend. And, They consistently sell in almost all cases in that kind of timeframe.”
Gagner bought a flip for $400k, invested $100k, and expects $700k
“So we bought it for, and this was actually a lower price point property, but we bought it for 400 K put about a hundred K into it and we're selling it for close to 700 K.”
Gagner Toomey sells $2M to $4M in components monthly
“Yeah, we saw about anywhere from two to four million dollars in components a month.”