Real Estate Investor · Ypsilanti, MI · Member since 2011 · 98 posts · 6 votes
hi there
i wanted to know how to make up a wholesale contract, is there a website where i can download one for free? Any other place you guys can suggest to get a pre filled wholesale contract? Thank you.
Lender · Tyngsboro, MA · Member since 2009 · 3k+ posts · 2k+ votes
15y
Mubasher, I don't have a source for you, other than a guru, such as Lou Brown. Because wholesale deals are not something advocated by your local Realtor assn. And of course, Lou Brown and others sell them, they don't give them away.
I deal a quick google search for "Wholesale real estate contract". One of the first organic links was a youtube video on how to use a wholesale contract. The guy offers a free wholesale contract to download.
However, one caveat: Always run any free contract past your attorney. yes, that contradicts the concept of "free". But sometimes free can cost you a bundle if you violate local laws, or don't include something that is required in your state.
Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
15y
Mubasher,
There are not any magical contracts for that. I use a simple 1 page purchase agreement that is assignable, I put a 60 business day close, and I have an assignment of contract that I use to sell it.
If you would like them, I would be happy to share.
Homeowner · San Antonio, TX · Member since 2011 · 6 posts · 1 vote
15y
Hey Chris, I just wanted to thank you for sharing those 2 documents. I'm in Texas, new to REI, and those 2 documents are a huge help! Especially the purchase agreement. I was originally going to try and use the 9 page 1-4 Family Sales Contract.
May I please have a copy of your Wholesaling Contract and Assignment Contract as well. I am still learning BP and I am not quite sure how to request you as a colleague and I cannot PM you.
Rockford, IL · Member since 2013 · 35 posts · 3 votes
12y
David Martin I am new to BP and just realized I could search questions and I looked at those contracts. My question is do I use those for the End Buyer or just a contract to the seller of the property. If it is just for the seller how do I get one for the End Buyer? Thanks so much in advance.
Investor · Naples FL and Shreveport, LA · Member since 2015 · 93 posts · 39 votes
11y
Good evening everyone. I'd like to also get copies of contracts so that I could run them by someone in Louisiana. I may be looking at some deals in East Texas, so documents for TX would be greatly appreciated as well.
There are not any magical contracts for that. I use a simple 1 page purchase agreement that is assignable, I put a 60 business day close, and I have an assignment of contract that I use to sell it.
If you would like them, I would be happy to share.
Good luck. :mrgreen:
Hi Rob,
Would you mind sharing your assignable purchase agreement and assignment of contract with me?
Bristol, England · Member since 2015 · 20 posts · 2 votes
11y
If there is any (R.E.I) from the UK, Bristol be sure to get in contact with me looking to network with like minded Investors in the area as well as online.
"When I dare to be powerful – to use my strength in the service of my vision, then it becomes less and less important whether I am afraid.”