How is the inventory in your part of the country?

[Sherry Norman]

Hi everyone,

I'm located in northern NJ, and for about the past year or two, I'm finding lots of good, workable deals.  This hasn't always been the case hereabouts.

I also follow the blog of a Dallas Tx area flipper who used to get lots of deals  (although I have to say that her deals seemed to have margins so low that I, and the other flippers that form my local competition, would find them too risky to consider viable.  Maybe we northeasterners are just more conservative, I don't know.)

Anyway, this blogger has very recently posted a blog saying that she hasn't flipped for a while b/c deals have become harder and harder to find in her neck of the woods, and competition from other flippers has gotten more heated.

All this has gotten me wondering:

1.  How is the inventory of flip-worthy properties doing where you live?  Are you finding lots of good potential deals?

2.  Has the atmosphere in your area become noticeably more competitive recently?

3. What do you consider an acceptable margin of profit vis a vis the risk?