Hi Rachel, there are a few investment products that allow 100% gift funds, glad to help!

Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon  started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..

Your irresistible offer appears to not have turned out so well either by your own admission and my advice is to help you and others reading this about the importance of knowing how and what to have in your contracts, how to properly vet buyers BEFORE you bring them a deal, etc. your situation is a great learning lesson for others and for yourself if you are willing to learn from your own mistakes.As to the assignment being legal or not, I am not 100% knowledgeable on NC laws, however, I have had several experienced investors tell me North C has similar laws regarding this process as does CA, FL, etc.

How good it is to join this networking group and help each other achieve our dreams and goals.

Thanks for all the help guys.

@Mike Klarman Thank you for that breakdown - it is super helpful!

If you need help finding the right talent I got connected with someone who specializes in finding the right VAs for your team.

If you need a lil help/advice on some go to's for repairs maintenance etc. feel free to reach out to me.

I enjoy helping Bigger Pockets members save time and money.

Hello Don, yes I agree knowledge, expertise, and experience would help me in analyzing deals, the reason for my question is if someone is willing to sell their property at $30,000 I don't want to offer $29,500 and they accept it right away.