I lose alot of bids, but I'd rather pick up 3 good deals per year instead of 30 marginal ones...

I also tend to think that they are all made in china, with the same marginal build quality...

Credit card is good but the fees eat into your profit margins.

But 1% will be only marginally profitable.

, 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%.