Posts Tagged 'Assigning contracts'

Kick Start Your Real Estate Investing Business Through the Assignment of Contract

Posted on: May 13, 2011

Categories: Buy, Procedures, Profit

Author: lbuen

Kick Start Your Real Estate Investing Business Through the Assignment of Contract

Contract Assignment

A great way for a fledgling real estate investor to kick-start a career in this business is by flipping contracts. When you assign a contract, it means that you grant another party to your rights and prerogatives in a written agreement in exchange for consideration. In legal parlance, “consideration” is anything that has value, including money, goods, services and promises. In this post, let’s use the term to denote “money”.

The Real Estate Contract

As you already know, a transaction in real estate involves two primary parties: the seller who has a property to sell for a specific amount and the buyer who is willing to buy the property for a certain amount. The two will hash out prices until they reach a certain agreed amount. Once they strike this bargain, the agreement materializes into a Purchase… Read the rest

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