Current Day Margins

[Melodee Lucido]

I have a couple of questions that this newbie needs advice on from experienced wholesale flip investors.

Is it still reasonable/common to expect a 65-70% arv margin in today's market? I've heard investors here in the Ojai, Sta Barbara area say that the margins are getting skinnier.

The areas I mention here are higher end (mostly) prices. Heck Oprah, Wayne Dyer, Reese Witherspoon and the like live within 20 miles.

I know deals are still being done. I am just wondering from those of you working similar farms what a realistic margin is.

*****

Along the same lines have you ever found a prop:
1) that fits the profile of your investor/buyer(s)
2) called the bank, did the due diligence and
3) then called your buyer to tell him/her what you have in the works
4) told them to go look at it and tell you what they would pay for it
5) you get the price and flip it to them
6) collect your wholesale fee.

I enjoy Steph Davis' mentoring and she says she has never gotten burned doing this.

Thank you in advance for your prospective on these questions.