REO - yes, I have not come across one bank addendum that allows assignment.You would have to do a land contract, an LLC sale, or a double close.

In many markets prices have increased by double digits year over year.

Joe O I read the forbes article and it is good to hear some optimistic statistics. "...When adjusted for inflation and compared to the market’s pre-bubble 1998 performance, Las Vegas home prices are — despite double-digit percent gains over the past year — still 20% below their pre-bubble healthy market norm....."

Its a two bedroom, I can get $900 per month on rent... current market value if I fix and flip is about $69k..

Its a two bedroom, I can get $900 per month on rent... current market value if I fix and flip is about $69k..

I started as a landlord renting out a 1 bedroom house that was located right in back of our main home in Petaluma, CA.

I started as a landlord renting out a 1 bedroom house that was located right in back of our main home in Petaluma, CA.

Just a math problem/dilemma...Moving in can't be done for a few reasons; the home is in a different city 55 miles away, it is occupied with good tenants who have been there for 5 years, and finally being a single guy I don't need to live in a 5 bedroom 3800 square foot house!

[/b]The House:5 Bed 2 bath Double WideCarpet and Tile Storm Cellar Good Neighborhood ( according to her)No Major Repairs ( according to her)I asked what would she like to get for it?

Show property to one or two buyers who pay cash. 4.Assign contract, double close, use buyers $ to fund escrow. 5.