How to use an option agreement to get a note ....

[Sue Bishop]

.... under contract & assign it?

Is there anyone that teaches this process? Or is there recommended literature that's specific to it?

Thanks in advance.

[Kevin Moen]

@Sue Bishop  The first place most credible note buyers start is by verifying the broker contacting them with a note is either the owner of that note, or in direct control of selling that note. Daisy chains and joker brokers are quickly sniffed out, and you will not make it in the note business looking to assign a note. The inventory is much more plentiful that real estate and finding and reviewing notes is not nearly as hard as great distressed property. That is why wholesalers exist in real estate, but are far and few between in the note industry.

A better business model would be to find a solid performing note, find an investor interested in buying a partial, and closing both simultaneously for minimum out of pocket (assuming that is your goal behind assigning).