Wholesale Purchase Agreement - Needed

2 Replies

Hello BP

I am just starting out wholesaling and I just received my first motivated seller. However I'm panicking because I don't have a purchase agreement contract to submit. I have a generic contract however I know with wholesales I need to add information for contract assignment and some sort of addendum in the event my buyer backs out or deal just falls apart. Could someone please provide me a purchase agreement you used for wholesales. 

@Kelvin McLaurin

Go find an experienced wholesaler or investor in your area and JV this deal with them. This is not meant to be offensive but based on the paragraph above you are nowhere near being ready to do this deal alone. The key to having a long successful wholesale career is educating clients, building a network, being transparent with all parties involved and having the ability to identify and solve client issues.

If you do not have a purchase contract and an assignment contract in place chances are you do not have the network and structure in place to see this deal all the way through closing.  I would suggest partnering with someone on your first few deals so you can get a grasp of the process.  Getting a percentage of a few deals is better than closing none at all. 

301-466-7432

Thanks I will look to find someone in my area that is willing to partner. This is alot to understand and having some guidance will definitely help. Thanks for the input!!

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