Is it possible to buy using seller financing them imediatley sell using the same strategy?

[Mike P.]

I've been hearing a couple gurus on Youtube talk about approaching home buyers in need of quick cash and ready to sell now about seller financing. You explain what it is, the benefits and the risks. I've gone this far but haven't had a chance to close anything yet, I just started talking to sellers last week... As stated, most of these sellers want cash right now and with seller financing that's not possible unless I could offer a down payment, and I can't offer much.

The gurus strategy states that you will tell the seller that you can sell their property quick using a wrap around seller finance mortgage thus getting the original seller the money... quickly. To do this you'd need to have a list of buyers or be able to market through various mediums that seller financing is available to anyone that can't get traditional financing. I believe a Lease Option is another exit strategy in this operation.

I've been looking up local title companies in the area and plan on interviewing them this coming week to see if they can make this happen on short notice and repeatedly. I've also stuffed 50 yellow letter envelopes to send to addresses I've found on Realtor.com.

This sounds like a sure thing to me but I'm just a newbie. Is this legit?