Does anyone have any feed back on how accurate the facts on RealEstate.com are?

I created this topic merely for some feed back due to the fact I know very little about loans.

Hello I was asked to provide a bit of feed back on how my first flip form the middle east went.I have been overseas since 2005 first with the US Air Force and now as a contractor.

Many in RE actually have an unspoken business model of feeding off new agents or new investors, expect to be "used" by someone someday, you may not even realize it but it's almost the dues we pay in learning.

There was a feeding frenzy last spring, good to sell our flip into, but bad to get more inventory.

You can take the 240 volt feed going to your stove and convert it to two 120 volt outlets using a common neutral, which in older homes can very helpful in small breaker boxes.

I agree with @Larry Chafe , getting a seller to contribute to "feeding a negative cashflow" but if the seller wants to avoid a short sale, with all the negative connotations of a short sale (hurts your credit - FICO, you have to declare on US Govt employment and loan forms that you went through a foreclosure, the IRS may "claw back" and say you owe money on the short sale, etc), but...It is not impossible.

Feed me your knowledge ole great ones...feed me seymour!!!

I had posted this question a few weeks ago and got some really good feed back.

I am in the Philly suburbs.Looking for some feed back, and I can offer more info if needed.