what can a peron does this work for?inventory and interest rates and interior design urns you one, maybe you are a great cand to put houses. gerri: and thinking it sounds pretty attractive, but it does take a lot of time in the have to have a lot of specialized knowedge. what are the critical fact that you need to locate that perfect house fo flipping? >> i think it takes a team. you might fancy yourself an expert, but you need a good realtor, whatthe finances are in check out why you're doing this. tax benefits, diversify your portfolio, you want to get your interior desig y'all out? figure out why you want to do it. if you need to invest money, it's a great place. if they're is a backup plan, you could always move in. gerri: i don't want to go there. less talk about the rest. what is the potential downside? u got me all excited. if all goes wrong, what couldi be facing? >> well, i think your stats are accurate. one hundred days is the optimum for a successful flip, facing the potential of long carrng cost. you don't wa

they say 63-year-old peron was ready to kill again.r the past several months. police say the suspect's fingerprints were on the murder weapon and they have yet to determine his motive. >>> more than two dozen homes damaged in the indianapolis explosion will have to be torn down over safety concerns. four other houses hit by the blast are still part of the active crime scene. investigators are focusing on appliances in their search for the source of the blast which they believe was caused by natural gas. >>> after months of mental health issues and allegations of political misconduct, congressman jesse jackson jr. is officially calling it quits. jackson turned in his resignation letter, citing deteriorating health. he won re-election days ago while hospitalized for bipolar disorder, reportedly facing a federal investigation into possible misuse of his campaign fund. >>> also this morning, the family of hector macho camacho is deciding whether the former boxing champ should be removed from life support. doctors initially said camacho was

police in new york city making an arrest in the possible serial killer case. 63ear-old salva to*er peronof shooting and killing three brooklyn shop keepers in cold blood. officers recovered the rifle used in the killings inside a duffle bag which he was caught carrying on surveillance video near one of the crime scenes, a bag that looks very familiar to neighbors? we've seen him carry that duffle bag around. the way down thewalk from up street with the big black duffle bag and then he would go and unlock the gate, and then he would just go into that house. >> well in addition to the rifle and the duffle bag officers recovered ammunition and a kitchen knife with dried blood on it. gregg: well, as we mentioned at the top of the hour the obama administration issuing these new rules this week requiring insurance companies to cover people with preexisting medical conditions, just one of the big changes from the healthcare law now going into effect, but actually you've got to dig really deep here, look at these new regs, it could affect coverage for millions of americans. that's what we're goi

we are america, we do not want our credit ratings peron with much more.lso, we elected a president fair and square, the majority won. that goes for republicans and independents who were back and forth, going to extremes to make their points. the republicans were already in the extreme. the democrats are more the even people. we will speak on this matter. host: joseph says he believes all parties should support the president, and also, he expresses the belief that the fiscal cliff will not be breached, then this will end up being a non-issue. guest: i hope he is right and i certainly agree with him, that elections have consequences. the issue of whether or not we breaks was theax defining issue of the campaign. everyone knows that. mitt romney knows that. the president won a decisive victory. democrats won 25 out of 33 seats contested in the senate, they pick up seats in the house. i think it is incumbent upon the row of buttons to say, are you prepared to deal with the reality? by the way, i find it interesting that we have a number of leading republicans