Flipping has basically two different meanings....You could get a house at an auction, own the house, fix up the property and then sell for a profit....orFind a house that is well below market value, get it under contract, and sell the contract to another investor for a small profit...2-5k.You are referring to the first approach...it's much easier to say rehabbing becuase everyone wil know exactly what you mean.

That's much easier.

Wait until you have a little experience with some easier properties first.

Here's the list of the one's I have...thought it may be easier this way:AddendumAffidavit and Memorandum of AgreementAgreement for DeedAssignment of ContractAttorney ApprovalBill of SaleClosing StatementDeposit NoteLetter of IntentQuit Claim DeedRE Purchase ContractRE Sales ContractBuyer’s Property Inspection ReportCash Flow AnalysisMarket Sales AnalysisProperty Analysis FormProperty Rehabilitation AnalysisSeller Information FormInstallment NoteMortgageMortgage Loan RecordPromissory NoteMonth to Month Rental AgreementPet AgreementRental ApplicationResidential Lease Rental AgreementResidential Lease with Option to PurchaseWaterbed AgreementBuyer ProfileWeekly PlannerWeekly Priority Schedule30 Day Notice to Terminate TenancyExpense Allocation SummaryExtension of LeaseLandlords Five Day NoticeMonthly Income RecordMove In Move Out FormNotice of Overdue RentPermission to SubletTenants mandatory Notice of Intention to VacateLet me know if I can shoot any of these out to anyone, and please, always remember to check them with your local laws!!

Only late in the game did I realize that it would be easier to win the lottery than offload it.

I'm not saying that men aren't jerks because a lot are....... but in general they usually know what they are getting into ..... and are easier to deal with normally .........

A double closing actually has no effect on the mortgage loan.Investors that use commercial type bank loans, lines of credit, hard money loans, and/or cash are a wholesaler's target.

cyndi,if you buy an "ugly house" you just have to make sure it isn't too "ugly" and thus in need of a large amount of work.if you or a partner can do the work - and manage to spend about 6000 on materials (paint job, rugs, doors, some appliances, ceiling fans, a tile floor, and a few other splurgy/nice items) - then this strategy is definitely doable.qualifier - it's easier said than done to find these deals, because the we buy ugly houses guys buy'em all up!!

I have noticed a huge rise in condo hotels & timeshares, for a someone getting started could this be an easier way to start?

It's easier to keep up than to catch up.Good Luck,NavyDoc