I'm slowly but surely building my systems/spreadsheets to begin wholesaling, and I was wondering from the experience flippers what is a typical profit margin in the OC/LA area? I'd like to get just a ballpark number, and then get more specific numbers from buyers themselves.
@Evan Kilbourne Curious over the past few months what you've discovered about the LA market since you posted this question. What have you found to be typical goal margin?
I will say there is no Average but the closes thing to own Realistically what you can get 12%-18% Profit People would like and say they need to Buy at 25%-30% under market, but that's just my opinion I do deals that I can make 12% as long as I can get 2-3 at the same time, better then waiting around for no deals to come, at 30% under market I. Such competitive markets now a days in LA,OC and SD
@Account Closed - Thanks that's helpful information to think about. I assumed there is not set rate // percentage, but it's helpful to hear your experience and the experience of others in this market.