Finding a Deal. Hard to find right now?

[Ryan Roberson]

Hey everyone, I’m fairly new to flipping. I was a loan officer for 6 years so I understand the industry well and just went full time to flip houses 2 months ago. 

Question is - is it difficult for anyone else to find a deal right now with a decent return on it? Been cold calling, texting, driving for dollars, and bandit signs. I’ve come across a few leads but every house is being bought at thousands higher than where I need to be at. Even after cutting margins to try getting the deal. 

Are most investors over-paying right now for their flips? Possibly hoping once they sell they can get a higher price due to market conditions? Or possibly NY hedge funds over-paying on everything? 

Would appreciate any insight. Thanks in advance!