Updated almost 4 years ago on . Most recent reply
Question about assigning a property
I have never assigned a property and my intent on getting this one under contract was not to wholesale but to fix and flip myself. However during the inspection period looking into it more the numbers aren't quite working for me. I do think this could be a good deal for someone and so I decided to gauge some interest by posting on a couple different groups, with lots of folks now interested in getting the contract. I got this under contract with a real estate agent and it's on the MLS.
Two questions about this process:
1. In the purchase & sale I wrote in as Buyer: "xxxx LLC or designated entity". Does this allow me to assign to someone else?
2. If we get this far, does the person I'm assigning to pay all closing costs?
Any other advice would be much appreciated. Thanks!