It made national news.

(btw, the note funding link he refers to in the video is dead) Also, you may want to read this link about the guru he mentions. http://www.ftc.gov/news-events/press-releases/2012...New laws not withstanding, If I may restate what I think you want to do.  1) Seller agrees to let "guru student" buy an option to purchase his property for $160,000. 2) Additionally the seller will also provide owner financing for the "student" for the purchase, with the understanding that you are hoping to pay him $160,000 in a few months.3) Clever student markets the property for $200,000 with a 10% down EZ qualify loan at 7%, 20 yrs amortization 5 yr. balloon. 4) Motivated homebuyer with bad credit buys the house with a low downpayment & EZ financing you have arranged & will pay 10% down or $20,000 and $1,395.54 each month for the privilege of becoming homeowner. 5) 3 months later the original seller is paid off from the proceeds of the note sale.

I take these 'news' articles and put the same thinking into them that I do a congressional bill.

I would like to do a quick flip to other investors (local, out-of-state, overseas) looking to do a rehab and hold/flip...while learning that part of the business, and evolving to that stage later on.The wholesale idea seems great, but I am struggling to understand why I don't find as much information about auction purchases.Barry - In-state for now...I may venture out-of-state once I get more comfortable.Levi - That is great news and congratulations!

There are lots of opinions on here.Locally, I would look into downtown Norfolk, Old Towne Portsmouth, and Downtown Newport News @Micheal Waldrup Virginia Beach is good too, but the cost is higher.

I put myself through college working for a sports flooring company.  

Here is a collection if links about sinkholes at a very well known location - the King of Prussia Mall; note the dates to see it is an ongoing issue. http://articles.philly.com/1999-10-08/news/25508958_1_first-sinkhole-three-sinkholes-underground-cavitieshttp://articles.philly.com/2000-02-02/news/25573623_1_three-sinkholes-parking-lot-penndothttp://www.umtownship.org/documents/12/sinkhole_map02.PDFhttp://www.pahighways.com/us/US202.htmlhttp://philadelphia.cbslocal.com/2011/02/04/sink-hole-opens-up-on-route-202-near-king-of-prussia-mall/http://www.uppermeriontoday.com/2010/08/06/third-head-here/But there is some buyer in FL that seems to specialize in buying sinkhole properties ...

I need advice on selling this house it is on CL and I put out bandit type signs, news paper and it is not a bad little house, if someone wants owner financing would you lease option it for a year so they would have proof of income and then change the agreement to an owner finance deal?

As you may recall, 2008 had owners looking at the news, looking at their statements, and just packing up and leaving because they are upside down on their mortgage.

And unlike many of those TV shows and news reports, house flipping, although seemingly simple, it's not as simple as it seems!