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On average, I've seen people make about $40,000 profit just for restoring a house and making the lawn look better. There is much more from where that came from if you are skilled at business.
Once you have gotten good enough at the business, you can start restoring houses in high end neighborhoods and the profits can easily jump into the hundreds of thousands of dollars. After about 20 or so successful sales, the average real estate business owner becomes a millionaire.
It all depends on the market and the deals you make in restoring the house and buying the original house to restore. It's a good business to get into if you can handle the work and have a good eye for finding good sellers and good buyers. This is just a very crude example, it's more complicated than that, but I hope this answers your question.
Best Regards
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