I'm interested in rehabbing g and reselling for profit have a background in construction and tired of making someone else money!

For me, I like to say I am an income stir and rehab resell guy.

It would seem to me that they would be harder to resell, wouldn't appreciate as fast, and your cash flow per dollar invested (cap rate) is lower.   

I hope you enjoy and feel free to add me to this Blog string with more ideas to fix, and resell your real estate deals.JOE'S GOLDEN NUGGET #1: Make Aggressive Offers before your competition Make the aggressive offer before other buyers and then you do not have a bidding war to get the property.

@john warrenHey John that sounds great, I just recently started getting into rehabbing and reselling homes as well and don't have a lot of capital. why don't you just partner up with someone who has more experience in flipping.

The ideal wholesale deal is one you buy cash and resell for cash.

But that is only an option if you plan to resell or refinance to a long term loan immediately after repairs. 

If your loan has a flag on it for being under construction, then it falls outside the rules for resell and can mess up the whole package.

The way I look at this is that the demolition has already been done and I have a clean slate to renovate and resell.

Do a JV with the seller, give note for equity, no payments, fix and resell, make $10K, pay off seller