A couple of veteran execs from PayPal and Trulia (TRLA) are looking to start buying and flipping homes on-line this July.

Executives at the two online innovators have gotten together and come up with the idea of online flipping.

 They’re launching a website scheduled to debut in July wherein a seller can log on, get a value for a their home and an instant offer to buy the home.

It's going to be just about like they’re selling a sweater or a rare book, and without having to pay real estate commissions or closing costs. 

On the bright side it looks to us as though they plan on letting agents list the homes after they’re bought, so if that’s the case, who’s going to get the listings?  Well, you’d better tune in to see who they are so you can approach them with your best sales pitch.