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Updated about 2 years ago on . Most recent reply

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Am i fine if the seller gives me a contract?

Luis Barba-Ayala
Posted

Hello Everyone,

There's land that I am interested in getting under contract but the seller wants to draft their own contract. He did not specify the kind of contract it is but I'm assuming it is a for-sale-by-owner contract. Would I still be able to have them sign the assignment contract? I am confused as to why they are drafting their own contract if I am not going to be the end buyer of the property. Should I put the cash buyer as the buyer on the contract or am I fine with signing the contract myself? I just do not want a problem with selling the property to happen and for it to turn into a legal matter against me. Please let me know your thoughts about this matter. Thanks in advance!

P.S. I am new to wholesaling as well as BP. I have been inspired by the information that has been shared through BP to start my journey in the wholesaling world. I learned about BP when I was doing research on wholesaling to teach myself what was needed to succeed. I currently am in the process of getting a few properties in the Houston area under contract.

Most Popular Reply

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443
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Joshua Messinger
  • Property Manager
  • Poconos, PA
264
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443
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Joshua Messinger
  • Property Manager
  • Poconos, PA
Replied

Hey @Luis Barba-Ayala

In these types of situations I'd have your attorney review the paperwork to make sure everything that is happening is the norm in the market you're in... Love @Charles Carillo & @Mohammed Rahman responses to this one! 

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