If your Realtor is hesitant to do a wholesale (and/or assigns) with you then find a new one that will.

It took only minutes to assign after I put it under contract.

There are thousands of these properties across the country in virtually every market from wall street to main street.These properties have not yet been assigned to brokers for re-entry onto the market, which may spell danger for, or at the very least slow down, any future recovery in our housing market.I'm not sure how that all related to any bubble we may have seen recently, but before the markets can truly recover, we need to see some price stabilization and normalcy throughout the lending institutions.I think the latter has already begun, as evidenced by quarterly profits of some of the major banks in the US.

This deal may be a potential assignment but I want it to be attractive to my investors, and if I purchase and hold, I want to be able to rent or seller-finance the place out.

With those #'s the investor you're going to flip to will only have $23K profit that's not including closing and other costs plus your assignment fee which you did not list.

Hello all,I have a few questions about dealing with bank owned homes and doing assignments.

Seems unlikely to me, since they disallow assignments.

Make the lease where you do assignment of rents unless default.Just my opinion

Build Buyers list ==> Find homes ==> Put under contract (and/or assignees) ==> Assign ContractPocket LLC MethodThis profit tactic is best used when dealing with non-assignable REO's....The reason this works so well is that instead of assigning a contract and getting paid as you normally would—You're going to get your assignment fee when you sell your llc.Since the bank won't know who owns the llc when you've put the home under contract, you can just sell the llc and they won't know that anything has occurred.I would recommend setting up 3 or 4 llc's after you've done a couple deals.

You just tell them that you have it tied up under contract and you will assign the contract to them for a fee.This agreement also let's the seller to continue to market the property and gives you the right of first refusal, which basically means they have to contact you first before they sell it.