Fast tuning or flipping real estate for a hefty profit has been over glorified in recent years by the main stream media. In recent discussions with over a hundred newbie real estate investors I have learned that “flipping” residential real estate is often times taught to death. Many investors think they know all there is to know about fast-turn investing.

The typical scenario being something to the end effect of:

1. Find a motivated seller of a property with equity

2. Purchase and close on the property

3. Make all necessary repairs

4. Sell property for substantial profit

Below are two examples away from the norm. In both examples mobile homes were purchased and sold; no closing costs paid out, and no repairs were made.

Click here to read full article… http://www.biggerpockets.com/renewsblog/2010/06/11/mobile-home-investing-fast-turned-profits/

Love what you do daily,

John Fedro

Above is article I wrote for biggerpockets.com (An amazing site for everything real estate!)