Whole saleing

[Carlos Burgo]

Hello Everyone im a newbie in New Orleans and i have a couple of houses under contract that belong to friends and the dont want them so i got them pretty cheap need the cash to grow my company how do i go about flipping the contracts, and where do i get the forms to do so.

[Bill Gulley]

Remember, you're selling the contract, not the property, so be careful about advertising giving the appearance of an owner or a Realtor.

You assign your contract with an assignment clause on that contract, you can use an addendum. If you want to formalize a contract between you and the end buyer so ensure the performance of the buyer you can do that alone, besides or separate from the purchase contract. You are still responsible for performance under your purchase agreement to the owner, even if you assign your right to purchase.

Need to see a good RE attorney, it's a small cost of doing business.  :)