Finding a distressed property, contacting the seller and negotiating a price that fits their needs but also leaves you room for profit. Signing a contract to the seller and finding a buyer who will pay more for the contract, typically $10,000 or more. You collect the difference of the price negotiated at closing. A title company oversees the exchange and that is also who the buyer makes out the check to, the seller gets the agreed upon amount and then you get paid as well.
Finding a distressed property, contacting the seller and negotiating a price that fits their needs but also leaves you room for profit. Signing a contract to the seller and finding a buyer who will pay more for the contract, typically $10,000 or more. You collect the difference of the price negotiated at closing. A title company oversees the exchange and that is also who the buyer makes out the check to, the seller gets the agreed upon amount and then you get paid as well.
This is awesome!