Do all investors use “and or assign” in purchase contracts?

[María Salas]

Do all investors use the “and or assign” in their purchasing contracts?

As an investor I think having this clause in the purchasing agreement gives you the extra strategy to assign your rights of buying to another investor. Using and or assign doesn’t mean that mean that your whole plan is to wholesale. I want to hear others option in this topic, since I feel like their is stereotype about “oh if you use and or assign in your agreement must be because your plan is to specifically wholesale”

Thanks for all your comments in advance, I just want to make sure that I am on the right track!

[Mike Cumbie]

@María Salas

Many people won't touch an assignable contract. Think about from a sellers point of view. You have 2 offers, both asking price, same EMD terms are close (or even way off from the other). I accept your offer because you come in with a solid POF, history and I have no doubts you can close. Then you assign the contract to Joe Snuffy for 5K who couldn't close a jar of pickles. As a seller I am left standing here with a seller who can't perform. I threw out another good offer to take yours and now I am left with nothing.