Close yourself and then resell?

I was looking to resell the land once I obtained it.

That would, of course, increase the resell value of the note.I'm sure there are other note buyers on here that can give you a much firmer value of the note than me and can go further into the nitty-gritty of foreclosure.

You can utilize partners for their cash for a short term loan for buying distressed properties at rock-bottom prices, rehabbing them quickly, and re-selling them for below market prices for a quick profit – and a fast payback.

We have a friend who does this for a living and he told us that he has every property ready to resell or rent by the time he closes so we mistakingly took his word for it and began minor repairs.

So if your clients are buying REOs they are purchasing and re selling them from what I understand of your post.

I think that it's very important to know if you plan to resell the leads to other investors.

If the contract is an assignable one, the bank most likely will not even negotiate with you.In todays climate banks are looking to deal directly with the buyers especially when it comes to short sales.I would figure out how to buy the short sale property first and then resell it.

The end buyer's money is used to fund both transactions.Another approach is to create a company, have the company buy the property, then have the end buyer buy the company.There are also some lenders around who'll do a loan for a day or two to let you buy it then resell it.Have to have a cash or hard money buyer because a conventional lender won't fund a deal like this.Need to figure out what its really worth.

Making Sure The Seller Shows Up At Closing Some where down the road you'll exercise your option to buy, either when you can qualify for a new loan or when you resell the property.