, but it doesn’t surprise me how skilled flippers are marginalized down to numbers and paperwork in this environment.Some of this is probably driven by a heightened liability lenders perceive they take investing/pooling others money.

Two yrs ago, nobody would care about 10-15% and 3-4 Pts because there were big profit margins in rehab/flipping.

What is your required margin in the activity you pick.Also your personal tax situations will also be dependent upon what entity makes the most sense.

Karen, my area of Ojai & Sta Barbara is the same with the bidding wars on reos----sometimes over arv and other times a skiiny margin of 20-30k.I am looking into some other areas but won't give up on this one; there could be a needle someone didnt find.

I didn't see the sale price of that 30K to the seller, if it was a 600K home, that's 5% and well within a savings margin for the bank I'd think...

Granted I'm buying lots of low margin stuff, but I would prefer to be getting at least 10%.

I would personally be careful with sheriff sales until you have some experiences or a good local mentorI would stay away from RLB or less you’re ready to hold unto property as a rental Learn from my 100k mistake – RLB ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Mostly hold and rent out propertiesNot a good flipper market (RLB)Good paying tenants our hard to locate in Round Lake BeachMust have a property that could be FHA approved Nice family community,, but not a lot of margin for REI profitsTalk with more than ONE Agent regarding property ARV ( [ true))Just my experience in Lake CountyRegardless, good luck

I would look to pay about $2k-$5k for a deal that closes depending on the profit margin. 7-10% of profit would seem reasonable to me.

We've been using our own money since profit margins have shrunk (due to bidding wars & fewer good buys).

I'm starting to feel that margins will shrink as more and more people can get closer to perfect information.