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Updated almost 11 years ago on . Most recent reply

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231
Posts
52
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Cierra Seay
  • Residential Real Estate Agent
  • Eastpointe, MI
52
Votes |
231
Posts

Does anyone do contingencies based on them finding a buyer ?

Cierra Seay
  • Residential Real Estate Agent
  • Eastpointe, MI
Posted

I was wondering if anyone put a contingency clause in their PA when they get a wholesale deal under contract in case they don't find a buyer. I remember in Rich Dad Poor Dad he said his contingency would be "based on partners approval" which really meant it was based on him finding a buyer. Is this still common ?

Most Popular Reply

Account Closed
  • Real Estate Investor
  • Phoenix, AZ
76
Votes |
111
Posts
Account Closed
  • Real Estate Investor
  • Phoenix, AZ
Replied

I have used the partner approval clause. My partner is my funding partner.. my cash buyer.  I also let them know my funding partner will be needing to stop buy for a quick peak.. inspection.. in a few days.

I also use an inspection clause.

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