Subject To Suitable Financing? Assigning In Same Contract.
Will a bank accept that in the contract? I am looking at a REO to put under contract ( Yes the same one I got laughed at on) and I should be able to flip in 30-60 days or so. Is that okay or will I have to report to the bank everyday. I am not even sure if I know what I am saying so can someone shed some light on the 30-60 day wait, while I am finding a suitable investor or suitable financing.
Funny how you think you have figured it out then you go right back to square one again. This business is frustrating to get into. Man I love It! 
They wont like it but you can put it in your letter of intent. most banks I have dealt with assume you are paying cash or have the financing all worked out before hand.
Banks are very conservative but there just want to get there money. So if you are not preventingthem from getting there money I don't see what the problem is. To be safe you should read getting pass the non assignable clause article by steven cook and buy the property as a llc name after the property. And sellt he your your llc to your end buyer for what your assignment price would be.
Hope this helps
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