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Understanding Real Estate Assignment Contracts: A Comprehensive Guide
A real estate assignment contract is a wholesale strategy used by real estate investors to facilitate the sale of a property between an owner and an end buyer. As its name suggests, contract assignment strategies will witness a subject property owner sign a contract with an investor that gives them the rights to buy the home. That’s an important distinction to make, as the contract only gives the investor the right to buy the home; they don’t actually follow through on a purc
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How to Get Started in Real Estate Wholesaling: A Beginner's Guide
Real estate wholesaling is when an individual, the “wholesaler,” acquires a contract from the seller of a property and assigns that same contract to an end buyer. The wholesaler does not purchase the property, and instead, the owner’s temporary contract allows them to sell it on their behalf. Wholesalers earn revenue through a wholesaling fee attached to the transaction — often a percentage of the overall property cost. These properties are commonly distressed properties or o
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