Those are usually people looking to wholesale houses by buying them cheap and assigning the contracts to investors.

Originally posted by "MikeOH":You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.MikeCome on Mike,Several of these things you mentioned can have a dollar amount assigned to them and they can be factored into a purchase.

You can either assign your contract for quick cash, or if you have some capital you can fix it your self and sell it a the retail value.

Assignment fee?

Note that some folks are wholesaling by assigning their contract.

Assign (assignment contract) or *double close contract (fax or overnight contract)6.

Assign (assignment contract) or *double close contract (fax or overnight contract) 6.

There is no way to assign specific numbers to a particular rental for a particular year and be accurate, because you can't know the unknown.

The timeline is looking like this: 1)ensure the end buyer is serious 2) sign an agreement with the birddog for release of his buyers name/info and detailing compensation 3) put the units under an assignable contract 4) close dealMy questions are:1.

Most lenders will not let you assign a contract.