Since the house already exists and we don’t want to do any more building, what are the chances we could lose this property, occupancy could be denied, inability to resell etc. after we bought it?

Hi,I am new to investing and I was interested in potentially buying foreclosed properties (REO- not at an auction)and reselling them.

I was thinking that this project might be the perfect jumping off point on learning how to rehab and resell a property. 

Rowdy ********************************************************** Primary Goal: generating a 20% profit through reselling Secondary Goal: achieving more than 10% annual return on total investment in rent.

When can I resell the property and can I sell it at market value or it will be discounted for a long time?

The terms are used differently, depending on who you talk to.It used to be that wholesaling and flipping were used interchangeably (reselling without doing any work to another buyer/investor).

We do this so for several reasons, and one of those is so we don't have to deal with seasoning requirements of conventional and FHA financing.Wholesalers WHOLESALE property from motivated sellers to investors, who will then profit from it by fixing it up and taking it to an end user by either renting it, carrying the note, or reselling it to a buyer who will normally get conventional financing.

So, thats a personal preference for sure.My fiancee and I ended up buying a single-family in a central neighborhood that we like, and will go for the 'live-in-flip' strategy (re-sell in 3yrs or so), and also will look to rent out a spare room on AirBnB.Cheers,

No agent will recommend that their seller accepts an "assignable contract"there are agents that are not that swift.. there is one deal going in Oregon right now.. where wholesaler has tied up MLS property It is almost next door to my current community we are building out.. so i called the agent.. 1. to let her know her listing was being shopped and her current buyers was no way going to close unless he could resell.. and 2. 

So for instance...ABWe purchase for 150,000 and bank pays 4% = $6,000BC We resell for $180,000 and pay 6% = $10,800 (less lender paid commissions) = we owe $4800 (10,800-6000)The agents we've been working with all along think it's great because they wouldn't have had a second sale without us, plus we're doing all the work.