will this work or am I missing something

hey I'm new to this. I'm sick of being broke and looking for a way to not be. I got one of those "find forclosures in your area" and I thought if I bought one I could turn around and sell it, pay off the loan, and w/ the profit buy another one and do it again. I plan to get a realitor to sell the house. then I thought this might be harder than I thought. so is it as simple as I'm making it or am I missing the big picture? any advice on the subject would be a big help. oh oh

Comments(1)

  • tanya121527th May, 2003

    It will work if you work it. You can buy a property and turn around a sell it without a realtor. I think it's better to sell it without a realtor because then you aren't stuck in an agreement. You should always have other exit strategies, just in case it takes longer than you expected. If you can't sell it right away, then lease option it or offer owner financing. Always have a plan B, C, and D.

    Tanya

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