QUESTION
i am a newbie at this whole REI game. i don't understand any of it but i am interested in flipping deals. now my question is lets say that i find a house. a house that is being sold by the owner of by a RE agent and lets say that the house is being sold for $200,000. i get a loan for $300,000, i talk the price down to 150,000, now what. any responses would be appreciated. thanks :-?
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