An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

The Comal County court (Texas) has assigned a receiver, Charles Adams, for ORES.   

However, with savvy keyword research, you can quickly learn how to stay ahead of the game.

You can use it as a RE investing 'google' search to find past forum posts that match up with any keywords of interest i.e.

ps - I would add some other cities to your post so they show up as keywords and maybe get some help from some local BP people around Marshfield

Set keyword alerts for your area, try Euclid, and maybe a couple other neighboring towns.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

For example, payment from a person should be automatically trigger assignment of a property to it.

I have bought off market deals direct from owners, from wholesalers as both a dual closing and contract assignment, and of course listed deals.From the surface, this sounds a tiny bit shady, but not over the top.