Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

120
Posts
7
Votes
Sean Gallagher
  • Real Estate Investor
  • Millsboro, DE
7
Votes |
120
Posts

Few simple newbie questions on assignment contract

Sean Gallagher
  • Real Estate Investor
  • Millsboro, DE
Posted

1) At the very bottom where I would sign as the assignor should I sign my name as the registered agent of Prosperous Properties, LLC or should I just put my company name Prosperous Properties, LLC.

2) In a portion of my contract I have this,

For value received, Prosperous Properties, LLC (Assignor) transfers and assigns to ______________________________ (Assignee) the purchase contract on _______________________________________________ City of _______________, State of __________________ Zip _______________ dated on _______________ between ____________________, as the original seller, and __________________, as the original buyer.

Where it says "between _________, as the original seller." Should this be the home owner I put under contract or my name? Little confused there, personally I dont think it needs to be in the assignment contract but im not 100%. Just making sure I have this right.

And thats pretty much it. Thanks for your time!

Sean

Most Popular Reply

User Stats

1,335
Posts
1,717
Votes
Jerry Puckett
  • Wholesaler
  • Fort Worth, TX
1,717
Votes |
1,335
Posts
Jerry Puckett
  • Wholesaler
  • Fort Worth, TX
Replied

I enter contracts like this:

New Refined Images LLC by its Manager, First Last.

That comes before the "as buyer", or "Assignor"

I have the company and title under the signature lines also. My lawyer says that with contracts, redundancy is a good thing.

  • Jerry Puckett
  • Loading replies...