What is the least amount that you would consider profitable when bying a foreclosed house?

Question

What is the least amount that you would consider profitable when bying a foreclosed house?

Answer 1

I have to assume that you are planning to flip the house. If you can sell and walk away from the house in 12 months or less without a paper profit you have made a fair chunk of change. All of the closing costs and all of the money that changed hands are tax deductable items. Depending on your tax bracket you could be making as much as 28% on a 0 profit sale.pp