Unless you're Licensed to broker RE, or are already named on the property TITLE, don't use Contracts that allow you to assign to someone else before closing, because the Ohio RE Regulators have dissallowed that practice in Ohio for everyone else.

We're new to Texas and not sure if the same lending practices hold true for all states? 

Fast forward 3 years and I am out of the USMC, back in Minnesota, looking at going into college for a real estate business degree.

Also down here in SD, but lived in Hermosa for 10 years and went to college in the IE so am always looking at options throughout So Cal.  

It's bad faith and bad practice.

I have several lines of credit and have not heard or either practice, but it does not surprise me.

I've sent emails to friends and family, send messages through Facebook to alot of people I went to college with, and try to mention that I'm looking for investors to anyone who will listen.

Is this practice more common, even for investors, in the Atlanta area?

@Xeniya McBroom, as a matter of practice, and as minimum, I ask for:- Property address- Acquisition price- Scope of work you think is needed- Rehab budget you have used to calculate the deal- Your expected ARV and comps to support that figureI've seen some ridiculous rehab budgets, comps that aren't comps, etc.  

Certainly discount the days not used, anything else a best practice?