If you plan to move into it instead of fix and resell right away, you can usually get a better rate on a mortgage.

You can refinance or resell later.

Rehab and resell?

If purchase plus rehab is 70% or lower of the retail value (comps), then figure out if you want to resell it or hold and rent.

The last trustee's sale that I had performed for me (I'm a lender in TX) cost me about $1200 or so, plus my lost interest, late charges and my fix-up and reselling costs (another $12K).My attorney cuts me a pretty tight fee for handling these for me, more than I could do it myself for, less than the bank's attorney (generally a brother in law deal) charges them.

So, I'd like to resell it.

Hello,I am also thinking I need to have a "stable" of hard money lenders, even though I want to wholesale, just in case I do a really good deal on a propety that has high equity, and I am able to do a short sale, and buy the property quickly, later either reselling to a retail buyer, or refinancing it for a long term hold.

Sub 2 has allowed me to buy a ton of houses and resell them for profit… I do not believe the conventional manner would allow me to do the number of transactions I do…Originally posted by "Wheatie":If I buy a property, get a loan on it, and then rent it out, that's about as simple as it gets.

I know some of you are looking at this from the clients point of view, and I understand that since I've done property rehabbing myself, but it's really difficult and risky for a contractor to float a lot of money.One thing I'm thinking is that if I get a resellers license I can possibly treat the sale of materials as separate from the installation contract.

House is small, 1500 -1700sf, 3 bed 1 bath, kitchen not big enough to eat in, will be a galley kitchen when done.I wasn't aware of any time lengths imposed by the VA as far as living in the home before reselling.