If it's a larger bank it might take as long as 60 days.I wouldn't be surprised if they were shopping around for the best deal they could resell it for to be 100% honest when you are talking about underwriting.

But more importantly the bright line test appears to be the "intent' of the tax payer.If your intent was primarily to resell (most interpret that as a forced appreciation/value add/low ball purchase scenario where the desired equity is present at the time of purchase) then you are treating the property as inventory and 1031 is not appropriate.If your intent was to hold to use or to generate income from, or to take advantage of longer term appreciation then you are treating it as an investment and 1031 is appropriate. 

So, if you mean buying and then reselling, no license needed.

resell 80% of these using seller financing4. the other 20% I would sell for cash5.

Florida is not wholesaler friendly so your first move would probably be to get a real estate license unless you plan on buying the property and reselling it.

Our company is looking to purchase investment properties to resell in Connecticut and we need an agent that can help us identify areas we should focus on and areas we should not.Please feel free to PM me.

Also many just try to resell other wholesalers deals.

And reselling after rehab (e.g. a flip) would really depend on if you had FNMA financing available for your end buyer.

Once you see a trend and feel more comfortable with the whole process you’ll get better and faster and you might even think of getting a bridge loan of some sorts to go bigger faster.This way you can also figure out if your line of thought is heading towards a way where you can make better decisions on a property purchase or not.Should this whole thing go south in whatever way, you can always resell the furniture and go back to zero.

Morris is a turn key broker who specializes it appears from the threads on BP in selling low end rentals. by low end I mean rentals that are priced at about half of the mean sale point of a particular MSAyou would go about it the same way the locals do... sent out thousands of post cards.. get calls .. go knock on the doors make the deals and try to resell.. some states its quite illegal to sell real estate you don't own you can only market and sell a contract but who really buys a contract.. :) its illegal In CA too to broker without a license..