How Much Profit Do Investors Look for on Expensive Deals?

[Paul Anthony]

For areas where the median home price is over $400,000, how much profit do investors look for on deals when buying from wholesalers? I'm thinking like $50,000, right? I'm aware that closing costs and holding costs will also be much, much, much more expensive. I just want to know what to look for when I'm wholesaling on the west coast. Thanks!