Wholesaling

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Kim Frantum
  • Rental Property Investor
  • Waterford, MI
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Looking for a standard wholesale contract

Kim Frantum
  • Rental Property Investor
  • Waterford, MI
Posted May 2 2023, 11:36

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!

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Randy Rodenhouse
  • Investor
  • Charleston, SC
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Randy Rodenhouse
  • Investor
  • Charleston, SC
Replied May 2 2023, 11:45

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.  

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Rafael Castro
  • Real Estate Investor
  • San Leandro, CA
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Rafael Castro
  • Real Estate Investor
  • San Leandro, CA
Replied May 2 2023, 11:53
Quote from @Kim Frantum:

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. 

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Replied May 2 2023, 16:58

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.