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Updated over 10 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Jacob Zylstra
  • Bakersfield, CA
2
Votes |
10
Posts

Option to Purchase vs PSA

Jacob Zylstra
  • Bakersfield, CA
Posted

I'm new to BP and am avid listener to the podcast. I did a search for Option to Purchase and didn't quite find the answer I was looking for.

I'm looking at wholesaling and see that as a good way to find deals, add value, and build capital so that I may become a self-sufficient real estate investor. My hang up is the contract and before I go spend a few hundred on a lawyer's time, I'm hoping for some insight.

Obviously I wouldn't be wholesaling if I had the money to buy the houses that I would get under contract. What protects the wholesaler should he or she be unable to find a buyer?

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