Ft. Worth, Tx. Is anyone making money flipping?

Question

Hey BP! I just got back from FT. Worth. I went to visit friends who just moved there. I really liked the area. I am probably going to make a move hopefully by spring. 
My question to you guys. I noticed a lot of properties for sale. Foreclosures, by owners and normal listings. How flexable are the banks down there with low ball offers on the foreclosures. Many are listed close to market value. At least "zillow value" which I take with a grain of salt. 
Is anyone making money or do most of you buy and hold?
I'm not in the position to b/h, yet. 
Me; Cash buyer, single fams, most work done myself, following BP buying rules. 
Thanks for your help.

John Chapman · Answer

My experience is that the entire DFW market has become very competitive and true deals have become more difficult to find.  MLS is super competitive and even private marketing is pretty tough.  The deals are out there but you've really got to work to find them.  (much harder than even a year ago)  My impression is that it's easier to find deals in FW than in Dallas.

David Lunsford · Answer

Dan,
You can make money wholesaling in the Dallas Fort worth area but it won't be from bank foreclosures. I watch the MLS almost everyday. If a bank property is listed at an  attractive price it will immediately get muliple offers. You must buy from private sellers if you are going to do any kind of volume as a wholesaler.

Dan Franks · Answer

I go to a REIA in the Ft. Worth area, and know there definitely are people making money flipping.