1) Wholesaling- finding bargains and selling them to bargain hunters.

2) Retailing- Where you would keep the bargains yourself and fix them up and sell them at retail price

3) Getting the deed-taking over ownership of properties "subject to" the existing mortgage

4) Lease option/Option- taking control of properties in cases where the owner won't deed you the house until they get cashed out or their loan is paid off.

In Wholesaling you wouldn't hold on to a property. Your goal would be to simply find the bargain and make money by assigning the contract to an investor who is interested in fixing it up and selling it at retail price.

When you're Retailing you are simply buying a property at a low price then fixing it up and selling it at a high price to the end consumer. So when you think of retailing just remember that it basically means buy low and sell high.

Getting the deed involves taking over ownership of the property by taking over the payments on the existing debt. The right way to doing a "subject to" is by never assuming the loan. Just let the loan stay in the previous owner's name while you just simply take over the payments.

Lease Option/Option- This is a great way to take control of a property without owning it. In a lease option scenario you would take control of the property by leasing it from the owner with the option to buy it.
When you lease the property from the owner of course subject to their existing mortgage you must have in your lease agreement the right to sublease to a tenant/buyer. The difference between the payment on the mortgage and the rent that you would collect from your tenant/buyer would be your "spread" or the monthly cash flow that you would receive.

In addition, you make money when that tenant buyer has paid you a non-refundable deposit to move into the house. The deposit would go right in your pocket. This non-refundable deposit would be applied as a down payment for them on the house. Furthermore you make money on the back end when that tenant buyer finally gets financing and buys the house from you.

When the house is bought by the tenant/buyer the owner's loan balance is paid off and if they had any equity and they were willing to leave some on the table, your back-end profit would derived from that.

Your back-end profits would be the difference between the price that you optioned to buy the house for from the owner and the purchase price that you gave to that tenant buyer.

a straight option- In a straight option You would simply get an option to buy a property at a specific ideal price.An ideal price would be a price that would allow you to make a substantial profit when you've have sold the property.

Once you've negotiated the option price with the owner, you would locate a buyer and do what is called a simultaneous close and walk away with plenty of cash if you structured your deal the right way.

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