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Updated almost 11 years ago,

User Stats

1,158
Posts
655
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John Horner
Pro Member
  • Flipper/Rehabber
  • Columbus, OH
655
Votes |
1,158
Posts

subject to assignment risk

John Horner
Pro Member
  • Flipper/Rehabber
  • Columbus, OH
Posted

I have a property in contract where the owner is distressed and will do anything to get out. It needs a little work so a lease option is not going well, but I was contacted today by an investor who wants the property subject to. I believe the owner is open to this.

Should I assign a subject to contract the same way I would any other wholesale? I know Sean Terry always says he only keeps sub2's for himself and never assigns them, but wondering if there was a reason or additional risk there that I am not seeing.

I don't want to get caught in the middle of a due on sale clause or something if it goes poorly :)

I know there are many forums on sub's, but none address this specifically.

  • John Horner
  • Loading replies...