No title company can tell you that you can not assign a contract so long as that contract allows for it. if it does, it is not up to the title company, so any title company should be fine.I think what Bill was trying to get across is that your explanation of "assigning the contract" may possibly be misunderstood as a simultaneous closing or something other than what you are trying to do.

I wish I can do both simultaneously, and would like to hear your opinions...

. :-)Was able to acquire more property and simultaneous close the purchase and refinacne as part of the refinancing using the existing equity as a down payment----------------------My Two Bits....In Washington a local community bank will do the same loan portfolio with cross collateralize multiple properties -- multiple 1-4 family with a $250,000 minimum30 year amortizedRates between 4.75% to 5.375%5 year or a 7 year term commercial loanFees under 1.75% - No junk fees --No legal review --No jacked up insurance requirementsNormal 1.20X DSCRWhat I like1) I know the banker well ....so getting him on speed dial on a Sunday helps2) Insurance is normal --No extra  LLC policy -  No legal review fees3) Deed releases  and per property sale figures and required principle reductions figured in upfront....and written into the loan so selling properties are easy-------------------------------I would go there first....if you file any kind of taxes (4506 needed)  as the underwriting is based on rental cash flow My two bits discounted for inflation is now only a penny for my thoughts...Richard Scholtz

I almost exclusively close simultaneous transactions or assignment deals using cash / hard money. 

This can be eliminated a 1031 exchange if you do one of two things - either structure your exchange as simultaneous with sell and buy, or apply for a certificate of withholding the will exempt you.  

Marketing, finding a buyer who can get approved, closing, etcAbout my DealWhile I very much enjoy the property flips it ties up cash flow, which prevents us from doing many properties simultaneously. 

The bank may have issue an SBA 504 loan which actually closes simultaneously but it two separate loans with two separate rates.The borrower could also have borrowed money to buy the property AND improve it as well.

Am I correct that typically the wholesaler is responsible for the closing cost for both the seller and the investor correct (unless you're able to do a simultaneous closing)?

This was especially good because I was simultaneously building my worst (aka losing) investment to date.

In these cases though you will either be attempting to double close, simultaneous close, or have the end buyer close and pay you an assignment fee or finders fee outside of closing (pending the wording of the approval letter of course)There are quite a few ways the ABC can work...just make sure you aren't breaking any laws.