.$53k profit on $81k cash invested is 65% in 3 months.Apples to apples, had I used all my own money, my profit would have been $60k on $306k invested for a 19.6% return in 90 days.Other deal I just posted about in another thread:$250k acquisition, $15k rehab, sell at $409k, $30k re-sell/hold costs, $10k eviction or cash for keys, profit of $104k.

Im usually at a good ball park, and I would stand on that since that is what I would resell it for if the company was the one taking title.Edgar

The reason is most big banks resell their loans to the secondary market.

If they are amenable to selling to me, with the understanding that I will be re-selling the contract AND making a profit for that, I simply have them sign a Real Property Purchase Contract and then begin the process of having those on my buyers list, that I think would be interested in this particular property, look at the property to determine if they would like to purchase the contract from me.If you need a basic contract to work with in your state, just send me a collegue request with your e-mail address and I will send the contract I use over to you.Good luck in all your investing endevours!

Your now trying to resell and title company won't insure because of what you described. those are buyer beware sales.. they simply give you  a deed its up to you up front to discern  if there is any problems with title.  

.- This is what has intrigued me the most about the timber industry, a few years ago i came across that idea of what if i buy land, sell the timber, and then resell the land for the same or a little less that what it was bought for.

By turnover do you mean to repossesing and reselling?

Require explanations for all variances that exceed 10%Executive Summary, to include work orders and rent roll.Budget - During the last quarter, get a budget from them for repairs/improveChapter 12: Reselling for Big ProfitsMaybe the market is changing?

You make money by either (1) selling the option contract to a third party who wants to purchase said property for a fee , in which case an amount over the $750 would be “profit”, or (2) exercise the option and immediately resell the property to a third party for a greater price, in which case the “sale” price minus the sum of the purchase price and the option fee is “profit”. 

You could offer him a set 10%-12% Interest Rate on his money, and give him a 1st position lien on the property, so if you default, he can take it back and re-sell it, making even more.