mod=dist_smartbriefMaybe they can create derivatives and resell to the more sophisticated investors...

The goal then would be to resell the notes and slowly grow our portfolio this way and recycle the cash for more purchases.An example:We buy a house for $35k in a $75k neighborhood.

It's buying (generally a mobile) for pennies on the dollar and then selling it on a seller financed deal.Example, buy a 15 year old trailer for $3K cash, put a couple $K into it for rehab, resell it on a $1500 down, 7 year loan at $15K @9%.If you're short on cash you can do the same thing with bicycles, TV, cars or anything else.If you've got enough cash you can do it with SFHs, not as high a multiple for gross profit, but a lot longer payout.all cash

If you search eBay, there are several resellers that break up the large quantities from various hotel providers.

I would suggest buying as high of an ARV property as you can buy and handle within reason if you're going to be renovating to resell (fix and flip).

Him thinking he can buy a property at auction for $400k, and simply resell for $600k, tells you he doesn't have a clue about the auction market, or either current values.

How can one mostly resell homes for CASH, unless there is a institutional buyer(s) and/ or foreign investors, doing so???)

Which involves adjusting their rate and fixing any liens and reselling the note after I get it performing again.I have been searching high and low for a piece of land or old house here in Las Vegas under $30,000 and it looks like that is not going to happen.

If you are buying and re-selling (either wholesale or fix-and-flip), you'll want to deduct about 30-35% from the ARV of the home. 

Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.