The short answer is, it depends. Usually an investor should expect the pay 30 to 50% less than retail value of a fully renovated property to successfully flip the asset and make a profit. However, if the property does not need much renovation or is in a highly desirable area it may sell much closer to retail value due to demand.

It is entirely possible to purchase a home worth $200,000 between $120,000-$160,000 depending on needed renovations and whose bidding on that specific home.  As a general rule, someone purchasing a home for personal or vacation home use should be willing to pay more than an investor, as they do not have to incur the cost of reselling the property which can be as much as 10% of the resale price.

in either scenario (click here to read more) http://youtu.be/qEUtQ5HJiT8