Hey everyone so we've laid some groundwork and now it is time to get into the really good stuff so a lot of investors who are already buying and flipping properties hopefully don't know some of this stuff maybe this is kind of the intermediate to higher level investor information so we're going to talk about assignments of contracts or in other words wholesaling there might be other words other terms to use for this type of investment but we're going to talk about them as assignments remember to always check and make sure that what we're talking about today is legal in your state before you try it consult a real estate attorney or somebody who knows the law in your state before trying any of these things so that being said an assignment of contract is where you get a contract for a property so you have a purchase and sale agreement you say you're going to close in 30 days you now own that contract you don't yet own the property so the seller is on title and you are the buyer who is going to close let's say by me 30th so you have 30 days or so to purchase the property they've agreed to sell it to you under the terms that you have in this contract so let's say for some reason or other you do not go to closing sometimes you might have too much going on you don't have another opportunity to take on an investment property maybe your private lender is all booked up they have too many loans out there and they can't give you any money right now so for some reason you can't close please please please if you're going to go under contract if you're going to...
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Missouri Real Estate Contract law Form: What You Should Know
This document is intended to ensure that each party understand and accepts the terms of this Agreement. Any amendments to this Agreement shall be binding upon both parties only for purposes of entering Into this agreement. For the purpose of this Agreement, Real Estate is defined to include (a) Real Estate with a purchase price of (Â) less thanÂÂ4,000,000 and (b) Real Estate subject to this Agreement.
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