$50K Projected Flip Profit Becomes $6,400 Real: the 5 Costs Rookies Underestimate
Marcus's $280K-buy / $375K-sell flip looked like a 17% gross margin. After loan interest, holding costs, agent commission, and short-term capital gains tax, real profit was $6,400. 11.4% annualized, beat by an index fund with no effort.