A few weeks ago I got a phone call from a guy looking to rent a house. As I started to talked to him it sounded like he had a good job. I didn't have anything available to rent him at the time but, I never let an opportunity pass me by. I asked him "why don't you buy a house instead of rent?" He said "I just went through a divorce and now the bank will only qualify me to buy a house for $100,000. I looked at houses at that max price and couldn't find anything I like so I have decided to rent." Then I asked "What price range of a house do you like?" He said he liked houses at the $130,000 price range. What I did next was monumental. I asked him "what if I could find you a $130,000 house for $98,000, would you buy it?" He said "Yes!". So all I did was have my real estate agent start searching for $130,000 houses that seemed priced low and then I would offer a low price and try to buy a house well below value. I ended up getting a house locked up for $48,000 it needs a few things done to it which will add up to about $20,000, then I am selling it to him for $98,000. After expenses and commisions I will make about $25,000 in a 2 week period. Not a bad profit! The main idea here is this. When you are going to flip a house in this market-have your buyer "pre-buy" the house for a locked in profit. That way you aren't sitting on a house that you hope will sell eventually. Also, keep your eyes open for opportunity. Right now there is opportunity everywhere because of the market conditions. Get it done!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!