Rental Property Investor · Waterford, MI · Member since 2023 · 30 posts · 4 votes
Any suggestions on where I can find a standard, straight forward wholesale contract? I've come across many examples, but they differ, and I'm not sure what is acceptable / legal. If it makes a difference, I'm located in Michigan. Thanks!
You can pretty much use any standard contract for a wholesale contract as well as long as you spell the terms properly. If you want an example of a wholesale contract that I received on a property that I am selling now (in Ohio) then reach out to connect and I'll send you that whole sellers contract as example. Make sure you check out the contract yourself for your purposes in MI.
Any suggestions on where I can find a standard, straight forward wholesale contract? I've come across many examples, but they differ, and I'm not sure what is acceptable / legal. If it makes a difference, I'm located in Michigan. Thanks!
I always use the standard purchase & sale agreement that is common in the area. The “wholesale” part you’re asking about would be called an assignment addendum. Local realtor should be able to provide both.
Considering you can't wholesale there anymore I would definitely make friends with realtors and a simple one-pager hasn't hurt anybody in the game, don't over complicated if you really want to make sure you're secure go to a lawyer and pay that fee to have them write one up.