Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Wholesaling
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 over 11 years ago,

User Stats

15
Posts
0
Votes
Allen Ayres
  • Hall Summit, LA
0
Votes |
15
Posts

A couple questions about assignments

Allen Ayres
  • Hall Summit, LA
Posted

I have a couple questions about assignments done in a wholesale deal. I have a deal under contract and plan on selling through an assignment and just want some clarification on a couple things.

1. How do you present that you will be using an assignment? Does an assignment turn a seller off?

2. Do you show the buyer the filled out contract they are being assigned to?

3. If you need to go back and renegotiate with the seller, do you do this before or after you sign the assignment with a buyer? I may do this to try and get a better deal but my assignment contract mentions the date of the contract and that it hasnt been changed. Sounds like this might rule out addendums to the contract and that I would need to renegotiate before I sign an assignment with a seller.

4. Once assigned, if the assignee defaults am I held liable in any way or is that passed to the buyer?

Thanks in advance

Loading replies...