. $275,000 with an end sale of $390-420,000 doesn't sound like a break even to me.

Has a taker, rakes in the option fee, the extra rent, and IF the house sells, the difference is sales price.

The obvious answer is flipping.Basically they buy a property needing a lot of work, they put a lot of money into it, then they list it for sale.

The house was also facing sheriff's sale and we had to file some court documents and get it postponed.  

I am on List Source trying to gather my numbers for certain zipcodes in my farm area such as how many SFH, Equity, OO, REO etc and I can not seem to find how to check for " total cash sales in the last 6 months to a year". 

Quotes may not include sales tax.. 

They do not need to be capitalized, depreciated through a cost segregation study, and then depreciation recapture taxes paid at sale of the property.

I just recently got my sales agent licence because I want to represent us when buying and selling properties.

Good afternoon.I have a scenario where I have an off market seller for a SFH located in NJ with a purchase price of $32K.  I recently finished up a flip project less than a mile away from this property and the seller ...

@Kevin Harris,In a contract sale, ownership does not actually transfer to you until the contract is satisffied.