I contracted to purchase an REO in December of 2010, skipping all the long and boring details, I finally just received word that the deal is accepted and I am now in escrow. I will not post any of the real numbers here until i close however, it looks like this:
$1,200,000 spread on one single family residence flip!!

Recently, I just closed a deal in Calabasas, CA where I had a net profit in excess of $200,000 where the sold price was $1,175,000. Project took 6 months from date of purchase to sold date.

Always looking to do better, 6 figure spreads are good, but 7 figure spreads are better!

I will keep you all posted on how this goes.
I hope this post can inspire those to think big and most importantly, take action in a big way.