There are agents that work with investors and know that you whole intention is reselling the property.

The seller did offer me owner financing on $100k of the $188K, at 4%, but I didn't follow up on it for now, as I plan to resell it and am trying not to be involved on an ongoing basis.

Over the past few years I have been able to acquire properties through the MLS, rehab and resell them.

We bought the lot for $175k and sold the completed house for $650k.If lots are rare in the area, you may be able to get the lot, and then resell it to a contractor to make a quick profit.As far as loans, new construction on a spec house are harder to find than loans to do rehabs for inexperienced builders, therefore, it depends on how much you will have into the deal etc. to lower the risk to the investor, as to what the end terms will be.

If you want a pool for resale, then install a new one when you decide to resell it.

Is it a rental prop or are you re-selling?

In that case we don't have the same issues as we do in funding a cash loan taking collateral.From a risk standpoint that a lender will assess, a seller has been the owner of the property, they are aware of ownership issues, they may receive the property and there is no obligation, unless unique by state law, to resell the collateral and pay the debt outstanding as there is with a cash loan by a lender.

I just want to confirm that this means I cannot re-sell the property for 180 days, yes?

If not, how do you plan on reselling/flipping them?

You wouldn't close on 2 houses a month that you could resell the next day, if you cleared $10K on each (after both sets of closing costs and lender fees if you didn't have your own capital).