Skip to content
Starting Out

User Stats

8
Posts
0
Votes
Warren Kong
  • Santa Barbara, CA
0
Votes |
8
Posts

Dealing with Wholesaler - Should I review contract with lawyer?

Warren Kong
  • Santa Barbara, CA
Posted Apr 19 2019, 11:55

Hi BP,

I've been looking doing the BRRRR strategy on my first property in Kansas City, MO with a wholesaler and I am fairly interested in moving forward with it.

Just a quick question, when you're not dealing with a buyer's agent, do you typically hire a lawyer to review the contract documents to make sure that you are covered properly?

The way that I understand the process is:

  • wholesaler drafts contract with contingencies such as inspection, title search
  • I review and sign - with a lawyer? 
  • property goes to title search and if all works out, I wire the money and the deed becomes mine.

Loading replies...