Legal Question in Real Estate Law in Texas

assignment question

I want to invest in real estate by wholesaling properties without taking possession. I want to negotiate a purchase contract and ''assign it'' to another investor/buyer. Is this legal in Texas? Am I allowed to collect an assignment fee for locating the property?

Asked on 1/13/09, 12:42 pm

1 Answer from Attorneys

Cheryl Rivera Smith The Smith Law Firm

Re: assignment question

Yes and yes. But don't use deceptive trade practices.

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Answered on 1/15/09, 9:03 am

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