What would this be called.....

[Morgan Burns]

When someone identifies a house that is either foreclosed on or in threat of being foreclosed on, buys that house, then turns right around and sells the home to a flipper for a small, but quick profit, say $5000? If that makes sense to anyone, could you please point me in the direction where I can learn more about this process/business model? Thanks

[David Jacques]

You'll save yourself some money if you learn about contract assignment instead of actually purchasing the property then reselling.