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Assign checkbox contract

number one is called the contract assignment so we have party a party B party C a is the owner B is you and C would be another investor so the idea here is you put a property under contract with the owner between a and B a purchase agreement where a agrees to sell and B agrees to buy that contract will have no prohibition against assignment now typically a standard real estate broker contract will have an anti assignment provision if you write and or signs that doesn't make it assignable what you have to do is actually strike out anything to the contrary because if it says it's not assignable putting end or signs doesn't make it sell if it doesn't say it's not assignable then it is assignable whether or not you put in door signs I put on your signs any way just because I want the seller to know I plan to assign it not necessarily purchase it myself so as long as there's no prohibition of assigning it your assigning your purchase position to see who's going to step in your place as you and close directly with a and you get paid you know anywhere depending on the sides of the deal and how good it is three four five maybe ten thousand dollars on a commercial deal maybe even more what you're doing is you're selling your contract position with a to see another investor now C has to abide by the terms of the contract with a so if it's a cash deal then C pays cash if it's a terms deal then C gets the terms deal whatever you negotiate with a you're assigning it so C can step in in your place and you get paid now there's a couple ways to get paid you can get paid at assignment you can get paid at closing when closed C closes with a or you can get some at assignment and sumit closing and the third scenario is the typical scenario you get some money at the assignments non-refundable and then when C closes with a you get the rest and the reason you want to get some an assignment is what if C doesn't close you want to make sure you get paid okay so let's say your fee is $5,000 for the assignment and let's say you gave the owner $1,000 in money how much should you get from Seattle well I would get at least 2500 at least half and then the other 2500 at closing and that way if it doesn't close well you lose your thousand that you put up to a but you still get 2500 from C and you still net $1,500 for your effort and that's a basic contract assignment again remember this doesn't have to be a cash deal between a and B that can be assigned it could be a terms the illah lease option deal a straight option...