•Property rates are already high in this area( out of range of common man), might face problems while reselling it.

” - Tom Wilson “A typical transaction for me would be taking an option contract … and then turn around and resell the property to a group of investors,” says the Atlanta-based investor.

But if the value is there for you to re-sell with no or minimal rehab, it can sometimes be cleaner to agree to buy it for the loan value and assign or double close on your contract.

More likely he bought the place for almost nothing hoping he could resell to someone from outside the area who didn't do enough research.

I thought I would poke my head in here.It has been my direct experience that negotiating DIRECTLY with the seller re: selling on terms is the way to go.Having an agent negotiate for me is usually not the way to go.My 2 cents.Also, the motivation of the seller is as important as the finance details of the deal.Do not ever talk money or terms unless you understand the WHIFFMs of the seller (what is in it for me).

Buy-fix-hold or buy-fix-resell?

I have something to re-sell that I think would do well in an auction environment, but know nothing about how to set one up or what kind of service to use.

I still think he is a bit young to grasp the concepts associated with rehabbing and reselling an investment property.

Finances are tight for all of us but the market isn't high enough to resell the home right now.

One was buying an estate for $9M and reselling for $18M six months later.