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19 March 2014 | 11 replies
Subscribe to keywords and forums on fliipping and rehabs.As an example, the question you posted above has such a comprehensive answer, that answering it could fill an entire book, as there is MUCH more to rehabbing and reselling than being an agent or a laborer:Finding the dealAnalyzing the dealStructuring the partnershipNegotiating the dealContracting for the dealFunding the dealDeciding on scope of work and finish levelManaging the contractorsBuying the materialsDoing the actual workStaging the propertySelling the propertySo as you see, you need a better framework before you can ask questions to which you will get helpful answers.
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14 September 2019 | 37 replies
In every state I know of, you must have a real estate license to market properties that you don't own.The legal way to do it is to close on the property and then resell it.
9 December 2022 | 6 replies
From the seller's perspective; you get a higher purchase price, closing is very straightforward and there's no financing contingency, don't have to pay an agent or broker out of proceeds, it's truly passive income, you could potentially recollect and resell the asset, capital gains taxes are deferred as you receive payments, and if you need the liquidity at any point you can sell the note.However, seller finance isn't the best option in these scenarios:- Seller wants to roll proceeds into a new property, including if there are plans for a 1031 exchange- Seller has a strong desire to immediately receive the cash for the property, or has a desire to 'wipe their hands clean' of the place and never have to think about it again- There is an existing loan in place.
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27 May 2015 | 1 reply
(I buy the property and resell to another investor at closing)
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4 January 2017 | 17 replies
I have been saving money this way but have experience more tax upfront when going to re-sell of property afterwards.
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10 October 2016 | 4 replies
I did learn that condo's appreciate less, but do they resell after 40 or 50 years from their time of construction.
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22 January 2011 | 8 replies
Daniel - this limit is in place because it's a requirement for them to be able to resell the loan after they originate it.
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24 April 2007 | 3 replies
What are your plans i.e resell it or keep it?
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9 February 2009 | 25 replies
Why not rent until you recoup your investment and then resell after you first tenant moves out?
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15 August 2015 | 8 replies
Stick it on criags list with pictures and descriptions of the house etc.. .the better way to do this is find your money partner and play off of the no money contract flippers.. talk to a seller ( you know they will be talking to multiple folks.) educate them on the wanna be's with no money .. show them your money and close and resell.