I am wanting to pick up a foreclosure for 80% of asking price and resell it to her for the asking price (pocketing the difference of course), however, I am not sure of the best, cleanest and most efficient way of doing this.

To Jon: Actually, I'm just seeing if this house would actually appreciate the next three years so I can buy it and resell it quickly.

The issue of having to pay for it arises when you are doing a double closing or if you are actually buying the property and then reselling it.

So I'm guessing the best investor for this house would be a renovator who would fix & resell it retail.It looks like I could structure it three ways.

Ok, so what are the pitfalls to buying a property subject to and then offering owner financing and reselling it right away for a higher price and higher interest rate?

Just get it under contract and resell it.

Quantity -Ingredients and -Supplies needed:1 FED = private, monetary-value-controlling, monopolistic organization, aka. the Federal Reserve1 Recessed Pan = naturally recessed economy (you can find a naturally recessed economy anywhere a population has over-inflated the value of a commodity that the masses don't buy into or aren't ready for, i.e. dot-com crash early millennium).1 Government Bowl = includes 2 questionably elected presidential terms by a silver-spoon fed, low-to-average intelligence, puppet and his all-too-shadowy, dictator-wannabe, viceroy of "capitalism".

TLC is producing a show "Flippers in Trouble" it will follow flippers as they to buy REO's in California , rehab and try (unsucessfully) to resell.

My goal is to purchase properties at wholesale then resell to investors and whenever possible to individuals (owner occupied) at a discount price.

BUYER ENTITLED TO MAKE A PROFIT: I understand Buyer may resell The Property and may realize a profit in doing so.