From the Millionaire Investor: “Many investors view their personal value by being able win low-ball offers, and that works fine in the wholesale market BEFORE a property gets to Realtors and the MLS. Remember, you can’t make money simply by making a lot of offers. You’ve got to actually buy something and hold it or fix it up and sell it.
Think like the stock market: always trying to buy at the very bottom (low-ball) or sell at the very top (greed) may lead to frustration more times than success. Buying near the bottom and selling near the top will almost always guarantee you some profit and that’s always better than missing the transaction completely or holding too long and missing the peak.”
It’s like Mr. Warren Buffet states: “When times are tough and no one is buying is the perfect opportunity for those who take a chance and buy up as much as you can”.