Hey BP Fam! Would you review my Purchase & Assignment Contracts?

[Tony Botello]

Hey everyone, long time lurker, first time poster! 

RE:Wholesaling in CA

I've been sending yellow letters out in CA for a few weeks now, and just received my first solid lead. I've spoken with several title companies, and none of them have been quite familiar with wholesaling.

One person I spoke with told me that any contract received by title company must be prepared by a licensed RE agent, or attorney.

I haven't heard this before, and just want to make sure my bases are covered before moving forward.

I've got a couple of contracts that I've been planning on using, and I'm hoping someone can take a quick look at them and give me a bit of direction.

Thanks!

[Terri Lewis]

Hi Tony, I'm not sure in CA. They do have several different laws with respect to other states. How ever most "realtors" make that statement. If you caught someone on an off day, it might of been easy for them to just say that. When you wholesale it is basically an "assignment of contract". So you are assigning the sales contract over to another buyer. There should be some contracts needed in the "file Place". Some of the uncertainty you are going through will fade with making both good and bad attempts. That is the main thing. TRY what ever. Learn all you can from the podcasts, but most important try. Meet some investors in your area. When you run into any negativity, brush it off.