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.
Tax, SDIRAs & Cost Segregation
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 almost 4 years ago on . Most recent reply

User Stats

37
Posts
7
Votes
Kalen Mills
  • Flipper/Rehabber
  • Ingram, TX
7
Votes |
37
Posts

how can I assign to my LLC?

Kalen Mills
  • Flipper/Rehabber
  • Ingram, TX
Posted

I won a bid to buy a property from the local school district and have funds in place, but I placed the bid in my name and want to assign the contract to my LLC. The attorney for the school district gave the ok but I need an assignment document that will work in Texas. I don't have the money to pay a lawyer to draw something up right now.

I’m especially concerned about protecting this asset as the local newspaper published my name address and purchase amount so now anyone who is looking to slip and fall knows where to go. 

Does anyone have suggestions on assignment contracts that are free/ cheep and will work in Texas?

Most Popular Reply

User Stats

5,186
Posts
2,160
Votes
Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
2,160
Votes |
5,186
Posts
Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied
Originally posted by @Kalen Mills:

I won a bid to buy a property from the local school district and have funds in place, but I placed the bid in my name and want to assign the contract to my LLC. The attorney for the school district gave the ok but I need an assignment document that will work in Texas. I don't have the money to pay a lawyer to draw something up right now.

I’m especially concerned about protecting this asset as the local newspaper published my name address and purchase amount so now anyone who is looking to slip and fall knows where to go. 

Does anyone have suggestions on assignment contracts that are free/ cheep and will work in Texas?

How much do you estimate an attorney would charge? Wouldn't be more than a few hundred...I consider that pretty cheap in REI.

  • Ronald Rohde
  • Loading replies...