I wonder how this can be viable. The closing and transaction fees (agent/title/escrow/closing/excise) make it tough for many home-flippers to overcome and make

I wonder how this can be viable. The closing and transaction fees (agent/title/escrow/closing/excise) make it tough for many home-flippers to overcome and make a profit if no major renovations are done. 2-5% for closing costs on the purchase and sale, as well as agent fees when selling mean they have to gross at least 7-13% on every house just to break even.