You missed the money quote
“netting an average $55,000 per sale before renovation and transaction costs”
you have to subtract renovation and transaction costs from that number.
If you spent $50,000 on the remodel and $5,000 on the closing costs, you made nothing.
Plus you have to amortize the $30,000.00 you spent at Trump University.
Or the $5.00 you spent on that used book on house-flipping.
Either way.
Those flip shows crack me up. ‘Your house was worth 250, you put 60 into it, now it’s worth 310!’ Wow what a deal! Christina is hot tho’