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Updated over 3 years ago on . Most recent reply

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Randall E Collins
  • Specialist
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Commercial Property Contracts

Randall E Collins
  • Specialist
Posted

Does anyone know what contract to use to wholesale commercial property in Texas??

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Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
  • Lender
  • The Woodlands, TX
Replied

@Randall E Collins

In Texas only residential property contracts are promulgated by the Texas Real Estate Commission. So you have three choices, (1) engage an attorney to draft a contract specific for the property you’re attempting to wholesale or a generic contract for any property you’re attempting to put under contract, or (2) purchase and download a contract from one of the numerous on line legal sites, or (3) utilize the commercial improved property contract provided by the Texas Association of Realtors ( note: if you’re not a member of the association and a licensed Realtor using their contract is a copyright violation, however; the chance that the copyright police will arrest you is extremely small).

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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