Dallas-Fort Worth Real Estate Investor Club

Assignment Contract for Flipping

  • 22 May 2017 4:19 PM
    Quote
    Message # 4846503
    Angela Rollins

    Hello All,

    Does anyone have or know where I can get a assignment contract to flip a property over to a rehabber or investor?

    I am knew to this but the owner wants to sell asap! I need the contract used for Texas to contract with him so I can flip it over to someone who has the money and resources to property dispose of the property.

    Please let me know as soon as you can.

    Thank you,

    Angie - Newbie

    469-288-3131

    arollins29@yahoo.com

    Last modified: 22 May 2017 4:20 PM | Angela Rollins
  • 23 May 2017 7:43 AM
    Quote
    Reply # 4847347 on 4846503
    Robin Carriger (Administrator)

    Hi Angie,

    I can help.  Please feel free to give me a call at 817-300-1132.

    Thanks,

    Robin
  • 23 May 2017 8:20 AM
    Quote
    Reply # 4847395 on 4846503
    Neil Aggarwal

    I think all you need to do on the purchase is put your name followed by "and/or assigns" for the buyer.

    The assignment will be with the rehabber.

    Neil Aggarwal

    NSA Partners, Ltd 
  • 23 May 2017 2:12 PM
    Quote
    Reply # 4848188 on 4846503
    Taylor Weakley

    Angie,

    My name is Taylor Weakley, I am a Hard Money Lender and Sponsor of the DFWREI Club and also purchase properties all over the Metroplex. I can certainly help you out with the contract, please give me a call and I’ll get you in the right direction!

    Taylor Weakley

    817-939-9436

    taylorweakley@yahoo.com
  • 24 May 2017 10:55 AM
    Quote
    Reply # 4849651 on 4846503
    Neil Aggarwal

    I found a sample assignment of contract form online:

    Assignment of Contract

    I hope this helps,
      Neil Aggarwal
      NSA Partners, Ltd.
  • 24 May 2017 9:15 PM
    Quote
    Reply # 4850538 on 4846503
    Bruce Nelson

    Have your attorney review any contract you use.
  • 25 May 2017 4:05 PM
    Quote
    Reply # 4853179 on 4850538
    Neil Aggarwal
    Bruce Nelson wrote:

    Have your attorney review any contract you use.


    That is always the best option, but it may be too expensive for someone just starting out to have an attorney on staff.  An assignment of contract form is pretty simple and straightforward so the impact should be quite low.  I have see people do it with a handwritten note so at least this form would be better than that!

    Thanks,
      Neil Aggarwal
      NSA Partners, Ltd.
Powered by Wild Apricot Membership Software