Sellers Market

[Aaron Crow]

I am in a very hot market, and properties are hard to find and when you do find them there are a lot of other people looking at the same properties.  I found one today on a site and the price went up 25k before I jumped out.  It got passed my numbers, and it doesn't make sense.  Many of the leads that I have gotten from wholesalers don't have enough left to make a profit on.  

In a market that is rising and hot, flipping is difficult.  I know that many are buying and holding for long enough for the property to appreciate then they can sell.  That is just not something that I have really considered before.  If the property appreciates that is a bonus, but I have no control over that so it seems to be very risky.  

Any others using that formula in hot markets?