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Khenan Newton
  • Glenside, PA
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Wholesale Exit Clauses for Those Who Have No LLC

Khenan Newton
  • Glenside, PA
Posted Aug 24 2018, 14:24

Hey guys,

I don't have the money to be constantly buying LLCs for every offer I put on a house through a realtor. My mentor (who does lots of wholesale deals through realtors) made it clear to me that I need to be sure to have a lot of exit clauses on my contract that will serve protect my assets/liabilities (my home, car, etc) in the event that I get sued. That being said, my mentor is busy and can't help me revise my contract right now.

Could any of you guys point me in the right direction in regards to these clauses?

Do you know about the clauses he's talking about?

Do you assign contracts through your personal name yourself and use them?

Please, let me know.

Thanks.

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