Our previous model of flips were buying off the auction websites, rehab and resell.

Wholesalers"In a nut shell, real estate wholesale companies put properties (normally distressed properties) under contract and assign or resell the property to another investor.

Guru's I joined this forum today and read through a couple of postings all of them are extremely interesting but what I did not understand is how can you RE- Sell property without investingFor a new investor like me do you guys have any suggestions on where I should acquire more basic knowledgeI have just moved to the DFW area from VA ThanksEjaz

However, I don't have to get a ridiculously good deal to make money because I don't have to worry about having enough of a cushion to be able to mark it up and re-sell it.

An individual can only buy under this program once every 2 yearsInvester - basically the rest and there no restrictions as to the time you are required to keep the property.As far as I know there is no limit on the amount of profit you can make on reselling a hud home.

Fact: there are ALWAYS other individuals and businesses making money on the deals we're involved in: rehabbers who buy from us to fix and resell, contractors, title companies, inspectors, attorneys, surveyors, lenders, money partners,  builders,  land engineers, etc.

It gave me a chance to see that the marketing strategies for wholesaling work.2nd lesson even if I buy for my own hold or fix or whatever, buy at a price I can resell and profit.

Or, is it no biggie and I can just resell under it's current use? 

In addition to this, the deposit gives you access to the following:a.Advanced Deal Analysis Software – enter the purchase price, rehab costs and After Repair Value and we’ll give you a comprehensive break down including costs, net profit, and potential cash to close.b.Access to Proof of Funds – 24/7c.Contracts and Checklistsd.Additional Tools & Resources to help you avoid common pit falls in evaluating, rehabbing, negotiating and reselling the property.e.Your first evaluation is covered with the deposit.f.If the needed funding is more than 70% but it’s still a profitable deal, we’ll work with you to potentially wholesale the property and still make money on the deal.g.The remaining $1850 is rebated back to you once you resale your first property.8.Just like every other Hard Money Lender, one of the biggest challenges is helping new investors get dialed in on establishing accurate After Repair Values.

A lot of list sellers sell and resell and by the time you get it the data is not only out of date but they have been pestered so much they do not want to know if they are not simply spam data copied off the net somewhere.