First wholesale assignment.. please help!

[Tyler Yontz]

Hello, 

I got my first property under contract to wholesale via a purchase and sale agreement between me and the seller. I have someone who wants to buy the property. My question is how do I go about assigning the contract? Do I just send him the assignment contract and that’s it? I noticed the assignment contracts only have information about the wholesale fee not the price for the property.

[Dan Barli]

Have you had a lawyer look at your contracts @Tyler Yontz? You want to make sure you are doing everything the right way. Usually, the end buyer needs to see YOUR contract with the seller and then sign your assignment contract. Make sure everything is spelled out. If you are unsure, I would strongly suggest you contact a lawyer in your area to guide you.