Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Adrian Aldao
  • Wholesaler
  • Hendersonville, NC
1
Votes |
6
Posts

is this an assignment friendly contract?

Adrian Aldao
  • Wholesaler
  • Hendersonville, NC
Posted

Hey BP,

Made an offer on a property and the seller agreed and sent over a purchase contract. upon reviewing it i came across some verbiage i was hoping to clear up.

" 18. PARTIES: This Contract shall be binding upon and shall inure to the

benefit of Buyer and Seller and their respective heirs, successors and

assigns. As used herein, words in the singular include the plural and the

masculine includes the feminine and neuter genders, as appropriate. "

My question is how to you guys interpret this? Does this mean i can assign my interest in this deal and end up wholesaling it?

thanks.

Loading replies...