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All Forum Posts by: Chris Brannon

Chris Brannon has started 2 posts and replied 2 times.

Post: Purchase Agreement Assignment Clause for Wholesale

Chris BrannonPosted
  • Nashville, TN
  • Posts 2
  • Votes 3
So, I’ve been delving into the topic of wholesaling recently, building a plan of attack, but a few specifics still confuse me. The legal aspects, I guess. About the initial purchase agreement between myself and the seller, does there need to be a clause or wording that specifically says the contract can be assigned, or can it always be assigned unless there’s a clause forbidding it? Does the initial seller have to sign of on the assignment agreement contract between myself and the end buyer? Also, if anyone has templates for these contracts, that would be amazing. I’m in Tennessee, as I’ve read a lot of states are different. I’m taking the wholesaling route because I’m trying to build capital, but should I just bIte the bullet and hire a closing lawyer to write the documents and answer these questions?

Hi everyone!

I'm a Nashville Native who recently graduated college and moved back to Nashville. I plan to buy a house in the next year or so and use a home equity line of credit and loans in the future, but for now, am really just looking to work with somebody in the Nashville area. I grew up with a dad who bought and renovated houses and have had as many conversations with him about it as I can, I've read all the REI books I can get my hands on, not scared of research and paperwork, and I'm good with my hands. I do want to find an investor to work with, but I'm honestly fine with just working with somebody to help find him/her deals for a while. Anything to get me started.

Anyway, if it sounds like I could be of service to you, let me know! We can get lunch, coffee or something and meet and see if things seem like they would work.

 - Brief sidenote, I'm a brewer by trade and education, so if anyone wants to do a little skill-swapping, I'd love to show you how to brew/make wine/distill in exchange for a partnership. Just thought I'd sweeten the pot.