The mortgage amount is $311,000. You agree to purchase the property for$311,000. You could make your profit on this property in two ways: 1. You could assign the property to another investor and get an assignment fee, or 2. You could close on the property and immediately put it back on the market to resell it
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owner: Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p62