Profit = renovation spend (Henry's rule)
Henry Washington's rule of thumb is to target a profit equal to the renovation spend — if he spends $100k on rehab, he wants $100k in net profit.
Snapshot · BiggerPockets Real Estate Podcast
If House Flipping is “Dead,” How Is She Flipping 10+ Houses THIS Year?
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Jul 15, 2026
Where this was said
Sponsor Break: Rent to Retirement, Cost Segregation Guys, Bolt, Steadily, Indeed
At 18:32 · chapter starts 18:20
This extended sponsor block covers five products. Rent to Retirement offers new construction turnkey homes 10% below market value with down payment returns of 50–75% at closing and rates as low as 3.75%. Cost Segregation Guys has completed 12,000+ studies identifying $500 million in depreciation, with a free proposal at costsegregationguys.com/bp. Bolt is an AI tool that builds custom apps and websites from a description, offering a 30-day free trial with code BP26 at bolt.new/biggerpockets. Steadily provides landlord insurance for rental portfolios, with an extra 5% discount for BiggerPockets Pro members. Finally, Indeed is promoted for hiring, with a $75 sponsored job credit at indeed.com/podcast and the claim that sponsored postings are 95% more likely to generate a hire.
Henry's Profit Rule: Make What You Spend on the Renovation
Henry Washington ties his profit target directly to his renovation budget. Spend $100k on rehab, need $100k in profit. Spend $60k, need $60k back. The logic: bigger renovations carry more risk, more moving parts, and more hidden surprises — so they should deliver proportionately more reward.
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