This question has a lot of different factors.
For instance, every investor has different values that they are trying to reach in terms of the return of investment.
When a fix and flipper is doing many projects per year, they may be able to accept lower profit returns because they are hitting their mark so many times per year.
While there are some who are doing one or two projects per year, they may be looking for a much higher return of investment because they have to make their entire income on those two projects.
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