In many cases, it weakens the lender's position as they did not underwrite the buyer and an owner-occupant tends to pay better than non-owner-occupants.

Look for your states offer to purchase contract online or contact a realtor to get a blank copy. review the agreement to be sure assignment is not expressly excluded. if there is nothing excluding assignment from the contract then writing the words "/And or Assigns" after the name or company's name on the buyer's line should be sufficient.Good luck!

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing

How does the buyer ensure that the proceeds are used to pay the first mortgage?

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

Cleveland of course, IF you are a cash buyer.

You can even learn a lot from leads that don't book with you, if you build report and ask the prospect worthwhile questions.

Right, but to get an ARV close to $130k, you'll probably need rent to be close to $1,300 unless you can sell it to a retail buyer, which could be a big risk on its own. 

Recently, this sponsor resumed paying distributions after pausing due to Covid-19.One of the sponsors, a first-time sponsor is selling now for a loss of about 30% of our original capital, after doing a capital call last year.When Covid-19 hit, one of the them had been in the months-long process of selling to a buyer who presumably offered the highest price but was unable to close and pulled out of the transaction.