Purchase Contract

[Curtis Daniels]

My real estate wholesaling coach told me that I use the same kind of contract for the buyer as I use with the seller. The only difference is that you as the seller will have the buyers Total Purchase Price higher than what the seller receives which would make it your fee money. The wholesaler basically obtains the difference. Is this all true or has someone ever dealt with a different contract for the buyer.

This is a regular assignment. Not back to back closing.

[Wayne Brooks]

With an assignment, there is only one purchase contract, the one you are assigning. You have an assignment agreement with your end buyer which details the fee you are selling/assigning the contract for. You use two purchase contracts when you double close.