From an investor's perspective, however, you would be hard pressed to find anyone that would get excited about a 20% spread.

In exchange they're given a loss leader such as a 50" TV or an iPad for "free."

Last, your friend doesn't truly seem to be motivated....If he were really pressed for cash and had a house with $200k equity in it he could easily sell it for 20-30% off market and still profit.Your on the right track wanting to learn but one thing you can't do is "make" everything work.

Tell them the mailing service made a mistake with the zip+3 codes and that they're in an area you don't invest in right now and you're sorry for the confusion.If they press further and you don't want to cut them off, maybe tell a little white lie and say that you typically flip your homes to an investor list and your investors simply don't buy in that area as they prefer homes at higher price points.Again, you want to save yourself the time but want to appreciate the fact that you were the one that sent them the notice to call......There's gotta be some reasonable excuses you can use for the mistake without having to cut them off and appear impolite.

I'm not smart enough to figure that out, I'm basically plagiarizing the top economists that spoke at the various events.Consensus was the market has performed very well the past few years, but that the big national players are pressing pause on new acquisitions in Houston for the time being.

When pressed on whether their actions were moral, Michael Cosculluelareplied: "There's no question of morality in business."

Have to say it makes me feel old school, since the "flipping" world of reality tv and blogs and seminars wasn't yet a thing 15 years ago.Rehab Refi works for me.  

You might check out some of the books or website of NOLO Press, self help legal books.

Flipping is hot right now—due in part to reality TV shows that make it look easier than it is.In fact, according to one study, some markets—such as Buffalo, New York—are at all-time high.

You funding ability also has to fit the property, get in over your head and you'll go bust.Many construction types watch TV thinking they can do flips, what you don't really see is the groundwork in the valuation process, neighborhood analysis, financing alternatives which all comes before picking up a hammer.