It's usually identified as a non-market family or non-market trust transfer.

@Louis Mannikko  if your 401k is a solo 401k that you control.. you may want to look at investing NOtes or with a HML.. this is a very good use for those funds.on the fix and flip you may want to consider partnering up.. just make sure whoever you partner with is vetted thourougly.. plenty of " my idea and your Money guys out there" you can go on amazon or E bay.Look for any of the guru's written material and videos you can get those for next to nothing. look through them there are usually nuggets in each one that you can use.you can also spend untold hours on BP asking questions and reading and listening to pod casts etc.. of course this is free and just depends on if you have the time for that.

You can then reach out to these people (through mail, call, or in person), and offer this to them as a solution to foreclosure, or getting rid of the extra house they no longer live in or want.

As for flipping, that is usually an early strategy for people with a buy and hold mentality and is used to build up funds to buy properties.

The reason that people by rent to own or lease option is usually because they don't yet even qualify for a FHA loan but they may be close.

The financing took a bit longer than usual so the wholesaler agreed to extend the contract so I signed an extension with him last week.

The property tax is a little bit more than usual but it is still no big deal I did not pay a dime to buy this property from her.

The place needs massive renovations but I'm not sure if she will leave after closing.The agent/seller has asked me to pay an extra 18k to remove her.

People who have listed with a lazy agent and have lost a lot of time and money are usually willing to try anything if you offer to start paying their mortgage soon.2.

Great way to earn some extra equity by adding value.