Hello, I was wondering if someone may have some insight into some of my questions. I have been checking out tax deed properties in central Florida. One I like in particular has a good deal of liens. Apparently the pre...

Is this condo going to be something you will rent out or are you planning to turn around and resell it in the near future?  

Some of the corporate re-sellers get things down there from time to time.

If you buy a property, then resell it-or get a property under contract then assign the Contract, for a fee; you're okay.

In a wholesale deal how does one get around the HAFA guideline that states "the buyer agrees not to resell the property before 90 days" (especially when you intend to use hard money)?

Just find quality merchandise at garage sales or flea markets, then clean it up and resell for a profit (sweat equity).

Paying cash then immediately reselling is sometimes fine.

They tend to keep more homes in house and don't worry as much about being able to resell the deals, they can get more creative with their financing.For me, I was told I can't get conventional funding for an NOO because of a short sale 18 months ago (didn't stop me from getting my primary residence though, go figure!)...

So the investor would be looking at something like this:$all-in cost of acquisition plus rehab of $70k, $10k in re-sell costs, $3k in holding costs (not including any interest if a loan is used), and his/her gross profit would be $17k.

If you make 20k profit on a flip with no partners and it takes you 3 months from purchasing to re-selling then 4 a year is 80k gross margin.If you are selling small houses with your brokerage then you would have to sell a ton of little houses to make the same money with more headache.Conversely if you work on much larger deals where the income is much, much greater then brokering makes sense.