Is there still place for flippers in todays economy?

[Andres Goldstucker]

I got started in the Real Estate world about 5 months ago when i realized that i needed to produce additional income. I heard about buying properties online (Auctions) and reselling them. I googled a couple of online places and end up choosing an Auction site. After a couple of weeks i got really lucky and got a property that i was able to flip after 4 months. I didn't do a lot of money because i ran into a lot of details that i went learning along the way. Never the less i ended up making a good return. I got really excited and decided to move forward and keep doing what i did the first time. Its been 2 months and i haven't been able to find another property to flip. Im currently living in South Florida and i would love to hear the opinion of those of you with a lot more experience than me. Apparently things are changing very fast, banks are getting more money through these channels than through original avenues, 2.5% in most of the cases. And If you add this to the fact that interests are low, rents are high and there is a lot of money flowing in from South America and Asia where large capitals are not producing more than a 4.5% per year in traditional portfolios of investment.... my question would be; Is there still place for flippers in today's economy?

Thanks!! :)