Florida Wholesale Contract

[Marc P.]

Hi BG!! Would anyone be so kind as to show me what a completed wholesale contract (obv omitting personal info) looks like once completed? I have a blank "Florida as-is residential contract for sale and purchase" but i am just wondering how local wholesalers are filling in the blanks and contingencies. I have drowned myself in books, blogs and podcasts for several months and its time to make my first deal happen but this has been the one thing that has kept me from actually pulling the trigger. Any mentors in South Florida willing to help me out i would gladly share 70% of any deal once locked in?

[John Thedford]

You have the right contract. I use that same contract. I use a five day inspection period and put down SUBSTANTIAL EMD to show intentions AND ability to close. There are lots of game players in the RE space. Do you intend to close and then flip? If so, disassociate yourself from the unlicensed brokers that violate the laws every day. See 475.43. Why would you call it a "wholesale" contract if you don't intend to try and assign. You can no longer sell properties by assigning without violating the laws unless you are a licensed agent or broker. I have an acquaintance that has filed a recent complaint on one such fraud. I suspect with his previous record for unlicensed brokering this won't make his day!