Updated over 6 years ago on . Most recent reply
Wholesaling contracts in general.
Hello everyone. I am just starting out and I was wondering what a wholesaling contract should have in it. I hear that some should have a 3,000 dollar pay in it to make sure the buyer is willing to go through with it. I also am hearing that you should even put in it that they will pay any court/attorney fees if they dont hold up their end of the contract. If you wholesale what do you have in your contract and if you have a template or outline that will be amazing. Thank you for your time.
Most Popular Reply
The easy way to do it is to sign a purchase contract with the seller, using "Justin Stetson and/or assigns" (that's what I've see here) and then you sell your contract for $_______ to a rehabber (or whoever) and they finish the deal. If they fail you already got paid, so they usually do their due diligence before taking over.