You can buy large acreage properties for a few thousand dollars on immediately resell them for 2x that on sites like LandWatch with a little guidance.Hope this helps.  

I started my real estate career with fix and resell (I hate the word "flip").  

But that simply serves to accent the importance of using the mirror test - can you look in the mirror and tell yourself with a straight face that you did not buy this property to immediately resell it?  

I bought a property at trustee sale of a second lien and after a month's rehab, put in on the market for resell. 3 days after my buyer got into the contract, the 3rd lien hold (BofA) filed on NOS on the 3rd lien...I informed the trustee and the bank about the situation...and Bof A got back to me that "they are looking into the situation" They thought they are the 2nd position, since it was a HLOC, but the 2nd and 3nd recorded date were 14 days apart.

If you want it to rehab and resell then make an offer that works for that and move on.

ok, I am trying to think outside the box, regarding short sales, and how to resell them to FHA end buyers.

My main focus that I'm looking to acquire (and the same basics are for my investors that I'm sending deals that are in our interest)Income producing properties7-8 million and up NNN or NN shopping centers and retail centers with a 8 cap and up (not proforma)Office buildings 8.8 cap but it depends on the area, We are very choosy with buying office buildingsMulti family we only bought 500 units and up (90% occupancy)We are trying to get financing 75 % LTV We are not buying land or small residential We focus on Northeast USA but bought nationwideWe only bought twice a foreclosure, But wasn't able to resell the property for the price that we wanted (NJ)From distressed owners we found a few times very good deals, and sold "as is" without putting to much money in the building for a very very nice profit(NY NJ PA CT)

If you purchase and resell, then you can make a profit.

.- West Suburbs of Atlanta- 4/2 (listed as 3/2 on MLS) split-level built in 2003- Listed 2/10/2011 @ $50K- Offered $43K - Next day, bank asked for Highest and Best- Submitted $45K, all-cash, $5K EMD, close in 2 weeks- Bank "accepts" offer and sends an addendum with a price of $46K filled in, instead of $45K- Considering this is a slam dunk deal (requires about $12K of rehab and should resell for at least $100K), I quickly signed it and returned it- Expect to make between $25-30K profit in about 2 months, and since I'm borrowing 100% of the purchase + rehab from a private investor, the ROI should be infinite (minus the small time investment) Btw, my guess is that the reason this didn't go to an owner occupant is because the beck deck is in bad shape, and probably wouldn't have passed FHA inspection.

Are you attemtping to perform a Short Sale and then resell?