However, I know of a guy who simply writes in his own assignment clause or simply uses his own addendum which has an assignment clause.

Or maybe he is on Meth or just drank an energy drink.It simply seems over the top to hammer these guys for something that is seen in all social circles.It does not matter anyway, most investors never listen and never hear anything other than what they want to hear.

Hey guys,So recently I had the winning bid on a hud home, the home was a little out of my budget but I could afford to buy it, I would have just needed to make a loan for the rehab materials using the property as collateral.

This is much simpler, faster, and cheaper if it’s obvious all is lost anyway.3)You can ask for an extension under the identical terms and make payments to the HML using your own money, or that of a new partner, for as reasonably long as it takes to sell or refinance.4) If it looks like things are going well but you simply need more time and don't have any more cash, the HML might agree to convert your loan to accept all interest, points, and principal, when you sell.

Jacob,I will not pick your plan apart simply because YOU ARE AN ACTION TAKER!!!!!

This business is about creating win-win scenarios.

If I move (which wouldn't be more than 4 hours by car away) my girlfriend can live there or I can simply rent it out and have a management company deal with it.3) I want some equity in something as opposed to renting for another 8-12 months.

But knowledge of local conditions is a much better indicator than an appraisal, since appraisals are easily manipulated by simply choosing different comps.

I get $280 (gross) income from the rent, and a potential $10k profitTenant gets a unit in great condition in a good part of town for a reasonable price.Everyone wins, right?

Sorry I haven't gotten back earlier.The Trust was simply a privacy thing.