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Updated almost 7 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
William Montgomery
  • Rental Property Investor
  • Sunnyvale, CA
1
Votes |
13
Posts

Wholesaling Contracts in Utah

William Montgomery
  • Rental Property Investor
  • Sunnyvale, CA
Posted

Hi guys,

I'm really interested in wholesaling properties in Utah (SLC and Utah counties). I am new to most of this and am trying to understand the process better. 

According to my understanding of wholesaling in UT: When you sign a REPC with a seller you list a purchase price on the contract. You have to include an explicit assignment addendum. When you wholesale it, what do you sign contract wise to officially assign the contract to a buyer? And how do you make it so that your buyer doesn't know what the original purchase price is? Nor so that the seller doesn't  figure out what the fee you're charging your buyer is?

Do any UT wholesalers have contracts they'd be willing to share that they've used in UT?

Thanks guys!

Will

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