"In real estate, you make your money when you buy. It’s a common phrase in the business, and no truer words have been spoken. Let that sink in. You make your money when you buy the property. Not when you sell. If you don’t buy the property at the right price and/or terms, then there won’t be any profit when you sell. There is no strategy or trick to making money on a piece of real estate for which you paid too much."