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Wholesaling
HomeForumsWholesalingGeneric And/or Assigns Purchase Contracts
Austin Faux's profile image
Austin Faux's profile image
Austin Faux
  • Real Estate Investor - Internet Marketing Professional
  • from Denver, Colorado
  • Member since Dec 30, 2014
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Austin Faux's profile image
Austin Faux's profile image
Austin Faux
  • Real Estate Investor - Internet Marketing Professional
  • from Denver, Colorado
  • Member since Dec 30, 2014
Connect
Austin Faux
  • Real Estate Investor - Internet Marketing Professional
  • Denver, CO
41
Votes |
181
Posts
Wholesaling

Generic And/or Assigns Purchase Contracts

Austin Faux
  • Real Estate Investor - Internet Marketing Professional
  • Denver, CO
Posted Feb 10 2016, 14:19

Has anyone ever gotten burned from using a generic and/or assign contract for wholesaling?  I've got a good deal in Arkansas but I live in Colorado, and I want to get it under contract asap.  I'm thinking of just getting it under contract to wholesale (Assign or Double Close) using a generic contract that says the purchase price, escape clauses, 60 day close, and lets me market it, etc.  I just don't want to lose it now that I got a "Yes" in a state I'm not familiar with.  

Any ideas? 

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