Also, setup a keyword alert for "austin" and any other REI keyword that might interest you.

@Jay Neil are you looking to assign or sandwich LO?

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.Oh - and be sure to set up some Keyword Alerts- especially for "Edmonton" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Now, I can see entering into a contract at whatever price, contingent on him being able to convey title, where you give him some refundable "earnest money" which he has permission to use toward his foreclosure costs (this is your scenario #1).Scenario #2 seems less workable to me because the assignment just makes a cloudy title situation worse and would probably result in a massive mess if the owner redeems.

I'm wholesaling a 4 house package deal that forbids assigning the properties so I'll do a double closing.

Were you going to eventually assign the contract?

It's the asset class that the IRS assigns to the property being exchanged, so a rental exchanged for another rental should qualify even in your OH scenario, @B Snouffer .

If you haven't yet- be sure to setup some "Keyword Alerts."

Keyword being a lot faster.

Then set your keywords up using the locations and topics that interest you the most, and you will be notified every time that keyword is used.