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You homework are great. Be aware not all title companies will agree to conduct a double close, so this needs to be discussed in advance. We get paid when the end buyer wires in the funds for the deal.

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Contract Assignment 101: The Beginner’s Guide to Wholesaling Real Estate

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If the assignor agrees to continue paying rent to the lessor and subsequently defaults, the lessor can sue both the assignor under the original contract signed with the lessor as well as the assignee because by taking possession of the property interest, the assignee has obliged himself to perform duties under covenant such as the payment of rent.

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Similarly, the lessor retains the obligations to perform on covenants to maintain or repair the land.

What Is an Assignment of Contract?

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An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee").

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Do assignment for money
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