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Updated about 4 years ago on . Most recent reply presented by

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Kalen Mills
  • Flipper/Rehabber
  • Ingram, TX
7
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37
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how can I assign to my LLC?

Kalen Mills
  • Flipper/Rehabber
  • Ingram, TX
Posted

I won a bid to buy a property from the local school district and have funds in place, but I placed the bid in my name and want to assign the contract to my LLC. The attorney for the school district gave the ok but I need an assignment document that will work in Texas. I don't have the money to pay a lawyer to draw something up right now.

I’m especially concerned about protecting this asset as the local newspaper published my name address and purchase amount so now anyone who is looking to slip and fall knows where to go. 

Does anyone have suggestions on assignment contracts that are free/ cheep and will work in Texas?

Most Popular Reply

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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
2,193
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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied
Originally posted by @Kalen Mills:

I won a bid to buy a property from the local school district and have funds in place, but I placed the bid in my name and want to assign the contract to my LLC. The attorney for the school district gave the ok but I need an assignment document that will work in Texas. I don't have the money to pay a lawyer to draw something up right now.

I’m especially concerned about protecting this asset as the local newspaper published my name address and purchase amount so now anyone who is looking to slip and fall knows where to go. 

Does anyone have suggestions on assignment contracts that are free/ cheep and will work in Texas?

How much do you estimate an attorney would charge? Wouldn't be more than a few hundred...I consider that pretty cheap in REI.

  • Ronald Rohde
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