Has the market in Dallas gotten too hot to flip?

[John Berg]

I would love to hear your opinion as to whether the market in Dallas is too hot to flip homes? Here is my experience… I've been flipping higher end deals (ARVs typically over $450k) since 2010. I bought and sold over $15 million through this time. There are some great wholesalers in DFW and those in the area I'm sure know NetWorth and New Western. It seems all my wholesalers have become flippers as well. Also, the inventory is ridiculously low and we are over our 2007 highs by at least 15% and it continues to go up. I've looked that at least 50 opportunities over the past year and let's just say I'm 0 for 50. When it gets this frantic my gut is telling me to stay on the sidelines. Frankly, the market seems to be forcing me to sit on the sidelines anyway. I have a full-time career and do not have time to find deals... I need to rely on wholesalers which I'm happy to. Certainly, a deal is a deal and I would take it if I saw it. After everything I would be fine with an overall 12% return on my flip. It just feels like a bit of a bubble developing in Dallas. So is it too hot to flip in Dallas now?