I personally have never assigned a contract.. buy the property resell it.. for sure done thousands of them.. 

And the reason I am their is to put my clients into title so they can legally resell

Use Giftcardgranny.com to compare reseller gift card prices.

I've done many sub2sI approach sellers all the same way, cash or termsLight rehabs I do a JV w seller: buy on terms, fix, resellExample seller owes 50, ARV 200JV rehab 20 in rehab mat and laborCosts to resell 10% or 20My JV fee is 15k in this exSo Sales price 200k - costs to sell 20 - repairs 20 - 1st Mortg Val 50 = 110 to seller in a note w balloon in 4 moBuy, fix and resell, pay off noteCompare that w wholesaling .7 X 200 - 50 1st - repairs of 20 = 70 to sellerSeller makes more money w my planUse private lender for light rehabs, 10% interest for 4 months use of moneyNegotiating w sellers - search BP "Brian Gibbons negotiating"

Someone asked me about exit strategies so I thought I'd post that here.There are a couple different exit strategies, the primary one being reselling.

I'm not familiar with the wraps so can't comment.Regarding buying and immediately listing to re-sell, just be aware your $130k purchase will set a comp, so for anyone using bank financing it won't appraise for $175k, it will appraise for the $130k it just changed hands for.  

If you could truly buy a FSBO homes at 24% below it's true market value, then everyone would just buy FSBO homes (or buy and then resell with an agent).As many investors on here would agree, most FSBO homes are over-priced compared to comparable homes.Also, I think the terms FSBO and Flat-Fee are being conflated.

I did this for some concerts and made $12k in a month span, I would literally buy tickets for $50 and within a week resell them for $100 (all on stubhub)....can't figure out how to scale this, but if I can get it done, I can leave my office job!

If not then go from there with your cost to buy, rehab, hold and resell and show him on paper. 

in order to ultimately 10- 100X your long term GAINS (presuming you don't wait to long to RESELL... short to long term, in a given market 'cycle?')