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How much does a flipper expect to make?

Note: I'm suspicious the realtor might not have my best interest at heart since they works a LOT with flippers.

Run down condo which my realtor says is in need of about 30-40k in repairs and upgrades. Realtor says as is, it would probably sell for 500k. After renovations, however, they expect a sales prices 620k+...?! However, I have no interest in putting money into the unit and want to sell as is, ASAP.

Isn't selling at 500k allowing a ridiculously large profit margin for the flipper? Shouldn't I be looking for like 525? More?

submitted by /u/RandomRedditNameXX
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source https://www.reddit.com/r/RealEstate/comments/tsvqtw/how_much_does_a_flipper_expect_to_make/
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