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18 January 2017 | 23 replies
If you buy a car that is 3 years old at a little below market value, you can usually resell it on kijiji/craigslist for about what you paid for it.
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25 May 2016 | 2 replies
Let's say I am able to resell in 1-2 years and resale is $10-20k more than what I bought the house for, am I ahead financially despite the closing costs on the buy and sell?
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31 May 2016 | 2 replies
I like the idea of buying and reselling homes but the more and more i look, i feel as if I need "Biggerpockets" just to even begin.
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6 June 2016 | 11 replies
Or do you want to be "the shark" - hitting the streets looking for owners who want/need to sell cheap and fast and to resell the properties for a quick profit?
25 July 2015 | 3 replies
In other words I use no money or credit of my own to buy a house, then resell it to my end buyer.
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21 August 2015 | 10 replies
To me that's basically a net listing and a smart agent stays away from that stuff.If an agent is purchasing off market properties from motivated sellers to resell they should always have written disclosures stating that they are buying the home for less than what it is worth and that they intend to sell it on the open market for a much higher price.
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1 January 2019 | 70 replies
I mostly close on what I re-sell, but the target is never agent wages.
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20 March 2017 | 21 replies
Better to resell retail.Minor rehabs with the seller and doing a joint venture it's a good way to go versus WholesalingSay you have 10,000 In work for a $100,000 ARV you can get the seller more money with a joint venture than you can with the 70% of your ARV minus repairs of 10,000Try it yourselfInvestor 70% of ARV 100k -10,000 is 60,000 minus say 5000 in wholesaling assignment fee is 55,000 net to the sellerIn my opinion that's a ****** offer for the sellerA joint venture works this wayWork backwards and take 10,000 in private lender money with 10 per cent interest is 11,000Take a $10,000 joint venture feeThen forecast 10% cost to sell with an agent which is about $10,000 to sellTotal is $31,000Net to seller is $69,000Minor rehabs with the seller in my opinion have a lot of opportunity because Real estate agents cannot sell it and investors will give them a ****** offer at 70% of ARV minus repairs minus wholesaling feeI think the other opportunity is with probate attorneys and letting them know that you can do a service for their heirs, from cleaning out the house and putting in storage, to updating the kitchen and the bathrooms to reselling the house all in 90 daysThe mechanics is a mortgage + note OR deed of trust + note with no payments for four months AKA moratoriumPrivate lender gets note of loan plus interestAll notes get paid upon resaleIf you are licensed you can get the commission too@Sharon VornholtRick H.Sharon and Rick are awesome with probate investing
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19 April 2018 | 16 replies
So I'm trying to weigh up all the possibilities in order to take the safest and most profitable decision in the long run.Foreclosure, Deed in Lieu foreclosure, modification, short sale, cash for keys and resell; am I missing any other possible exit?