REO

Once you have it locked up Market Away!
Here are some Contract Recomendations to Make Life Easier:
- And/Or Assigns behind your name (buyers name)
- Propety must be made available for inspection, contractor bids, partner's viewing (this should help you get your buyers in)
We also always put:
- earnest money refundable based on inspection
- earnest money refundable based on partner's approval

Best of Luck!

Thanks! I wasn't entirely sure on the perameters...I appreciate your feedback. This is my FIRST offer after TWO years of reading and buying materials. lol Im nervous but hopeful... Once I get my first deal completed I will be on a roll!! I hope to get buyers within the time alloted.

that a bank will not usually allow you to assign the property. You will need to have have proof of funds, either your own cash or transactional funding. And of course with transactional funding you need to have your buyer already lined up to obtain funds, then you can do a double closing.

that is my plan, a double closing through transactional funding for the home in las vegas. i hope it works!!!

Esmirna, normally banks don't like to see the assign "word" in the contract as they want to deal with the end buyer. However, you can double close this property to another person. In other words, you can close tomorrow, then close with another investor the next day for a higher price and make you some profit. Dont forget about your buyer's list and market your property with the buyer investors or buyers who would prefer to hold the property for cash flow. Tom and Jeri!