Las Vegas- Do you need to add and/or assigns in contact

[Alex Aguilar]

I am confused on what I need to sign over my rights to buy the property. I’ve heard mixed things from all over. When signing the purchase sale agreement sent by a real estate agent. Do I need to add and/or assigns? Is there something specific in the contract that I should look out for that’s would prevent me from assigning my rights?Or do I fill out and sign everything as the buyer, and have an assignment contract that is between me and actual buyer? 

The asking price for the home is 258,000 and I believe they will except 190,000. 

It needs some new flooring and new cabinets, possibly new carpet. Other then that it is a beautiful home and I just need some questions answered before moving forward!

[Barry Pekin]

@Alex Aguilar,

If you're wholesaling, I would personally stay away from properties that are listed.  You really want to find off-market deals, and there are a lot of ways to find them.  It does take time and/or money, though.

Also network with local REIs.  Go to all of the local events you can attend.  You will find people in your area who are already doing this.  They will have information on what contracts to use, how to find sellers, and they are going to be your buyers.

Take time to learn. Listen to podcasts. I recommend Wholesalers Inc and Bigger Pockets. Read. Get training. At a minimum, local REIA events usually provide some pretty good high level training at little to no cost. I took a class. It was invaluable.

Good luck!