Making Money

Sales Price Mortgage Gross Profit Invested Money Net Profit

a Back Option

$200,000 $140,000 $ 60,000 $ .35,000 $ 25,000

If you decide to flip the property to another investor, the owners will still have the right to exercise the buy-back option. The other investor will then be selling the property for a retail price.

In the next chapter we will show you how to buy foreclosed property from the lender. These are properties that have moved from the lenders loan portfolio to the lenders property portfolio. They are now real estate-owned-REOs.

CHAPTER

Buying from the Lender