What type of returns or spreads should I be looking for?
I am very new to real estate investing. I have been educating myself, and I already found someone to help provide funding for a flip. I have been talking with some wholesalers to try and find some potiential deals for a flip. Someone asked me the other day what kind of return percentages I was looking for, and I really didn't know the answer. What kind of returns or spreads should I be looking for when flipping?
Also, a lot of the wholesalers I've been talking to have been coming up with crazy ARVs. And after I run some comps, and find a more realistic ARV, it looks like a completely horrible deal. I've been seeing it a lot. Is that normal, or am I doing something wrong?