When you sell the property, and access the equity in the form of liquid cash, you make your profit. 

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant. 

You could go to work for a remodeler too perhaps giving bids, selling service or see if they will train you to be on a crew.You could also go to work as an ISA for one of the big wholesalers. 

I'm not familiar with your market, but here are some thoughts:750 Sq ft is small for a 3/1.Interior looks like a flip but it seems like it has been owned by the sellers for a long time...so maybe not.They have been trying to sell this property for 6 months and have reduced price. 

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

We did this because initially we were just going to build/sell, but I would rather hold on to it.

Could help you save some serious $$ if buying and selling there and can also get you access to their MLS systems.

PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

Here are the details:A friend wants to sell us their house that currently has a VA loan mortgage.