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Updated over 9 years ago,

User Stats

3
Posts
0
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Franco Rivero
  • Investor
  • Houston, TX
0
Votes |
3
Posts

Assignment/ Option contract

Franco Rivero
  • Investor
  • Houston, TX
Posted

Hello BP community! Im a new member with this being my first post. I have recently become very interested in the wholesale/ flip business model as I am a licensed realtor in Texas.

I came across my first wholesale deal this week but I want some assistance as to what would be the best way to handle this transaction. I found a great property with significant equity spread and have come to an agreement with the home owner... My question is should I use a standard TREC purchase contract with specific language to assign the contract to my end buyer or should I use an assignment contract? 

Any feedback would be greatly appreciated as this is hopefully my first of many deals...