In a lot of instances you may have to actually close on the property before re selling it.

Here are some deals you could do depending on different situationspretty house little equity ----- > buy on land contract-cfd, wrap, sub2, lease option and assign.pretty house and alot of equity ----- > sub2 and note-mortgage, land contract-cfd, wrap, lease option and assign.ugly house and alot of equity ----- > wholesale - straight option, buy w private funds and resell, buy with hard money and resell

Banks have done plenty well recently foreclosing and reselling.  

Investors however are allowed to purchase and resell, without residing in the unite.

Investors however are allowed to purchase and resell, without residing in the unite.

She says she monitored the installation to make certain everything was too code.My question is, how much if any headache will it be reselling the house if permits were in fact never pulled.

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

The goals sought by a wholesaler can be accomplished by throwing the right switches, being in a true partnership with real buyers or by taking title and then reselling, but if you're not doing either one of these things you're going to smoke yourself along the way.

As far as resell, I rather rent it out when I buy my own SFR.

This is known as the A-B contract.2) Once your offer is accepted, then try to re-sell that property or that contract to someone else.