Congrats on your first wholesale deal!
"Dana Pollard and/or Assigns" would be the traditional entry on the Buyer field.
While some wholesalers will argue that transparency could cost you deals, I usually go an extra step and (in addition to adding "and/or Assigns") I will put something like "Buyer may assign this contract to a third party at Buyer's sole discretion" in the Special Provisions section or as an addendum for added clarity. That way a seller can't claim they didn't understand the implications of "and/or Assigns" after the fact. If this is a deal-breaker for the seller, I'd rather find out up front than after the fact and find myself in litigation.
I believe one of the best ways to avoid litigation is to make sure all parties understand and agree to all the relevant terms and conditions prior to signing on the dotted line.
All of this is probably less important if you're doing a double-closing, more important if you plan to sell the contract for an assignment fee.
I'm relatively new; if anyone has a different approach please share your wisdom. :)
David
PS: If your deal is in the mid-cities, please email me the details: David@UpliftDFW.com. Thanks!
