Assignment in Real Estate Investment

Before you sign real estate contracts, you should talk to a lawyer about making sure that assignment is possible on the real estate contracts you are using. Assignment, in real estate investment terms, allows you to 'sell' the real estate contracts to other parties for cash.

Whenever you see "and/or assigns" on a real estate contract, the real estate contract is assignable. If you include the phrase "and/or assigns" after your name on a purchase offer or real estate contract, you can assign your right to purchase a real estate investment to another party.

Using "and/or assigns" in a real estate contract is a technique to generate profit from real estate investment without actually investing any money. Laws vary by state, so you should make sure that you know what laws apply to your state before you start real estate investing.