As a real estate agent who has work in many of the Sydney areas, I've seen many properties listed and sold under the market value both by owner's selling their properties (which is always difficult) but also by agents. I've been lucky to snap up a couple of these bargains, but I ve chosen to renovate and re-sell for a profit.
However, the article under the Investor HQ has got me very intrigued and although simultanious settlements are stressful, they are definately doable. Would love to hear from someone who has experience in FLIPS and can advise on the risks and opportunities.