40. When your intention is to "Control & Roll" (flip, resell, recast, wholesale, recycle, etc.) and the seller is stuck on a higher price than you are willing to pay, make a hybrid offer. Offer a lower sales price, plus a portion of your profit upon resale within 90 days. You'll pay to advertise the property, so the seller has nothing to lose. Give the seller a written pledge to pay the portion of your profit, and call it your deposit. Assign your contract before closing.
Using this techniques gives investors options when negotiating with sellers. I always suggest using a good auctioneer to sell the property. With auctions, the property is offered as is for all cash and no contingencies.
Your contract should have a clause that states that this offer is subject to assignment before the settlement date. If unable to assign, you have the right to "walk" with no hard feelings or reprecussions.