All Forum Posts by: Mason Jobst

will this contract work or is it to simple any suggestions on what I might add?

Purchase and Sale Agreement

The parties to this Agreement are _______________________, hereinafter referred to as “Buyer”, and___________________________________________________________, hereinafter referred to as “Seller”.

Buyer agrees to buy and Seller agrees to sell that real property located at ___________________________________________________________________________________________, being located in __________________ County, _____________, and being more fully described in the records as they are recorded in the _______________________ County Court House (hereinafter referred to as the "Property").

Buyer agrees to pay Seller and Seller agrees to accept _______________________________________________________________________________________DOLLARS ($________________________) in cash at closing for the Property. Buyer has paid to Seller an earnest money deposit of $ 250.00, which shall be credited to Buyer at the closing of this Agreement. Property taxes shall be prorated as of the date of closing.

Possession shall be given immediately. Seller will pay all taxes and assessments due and payable to the date of closing. Seller will pay for deed preparation, title search, and title insurance. Buyer assumes and agrees to pay taxes and assessments due after the date of closing, and will pay for closing fee, and recording fees. Transaction will be closed at the title company of Buyers choice.

Seller warrants that Seller has good, clear and marketable title to the Property, subject only to property taxes and any easements and restrictions of record. Seller will convey title to Buyer with a General Warranty Deed.

Additionally, buyer possesses the right to withdraw from contracted agreement within thirty (30) days of this documents signing if buyers partners elect to not commence with the purchase of the aforementioned property

Buyer and seller agree that, upon any default by the Buyer, Seller will keep any earnest money as full liquidated damages. Seller understands that if property is not marketable, for whatever reason, buyer will be refunded the total earnest money deposit.

TIME BEING OF THE ESSENCE, this Agreement will be closed on of before ________________, 20____, and be extended as necessary to complete all paperwork required.

ADDITIONAL TERMS, CONDITIONS OR EXHIBITS:

This being the entire Agreement between the parties, they approve this Agreement on this _____day of ________________, 20_____.

__________________________________ ______________________

Buyer Date

I/We as Sellers accept the above contract.

__________________________________ ______________________

Seller Date

__________________________________ ______________________

So I have a situation just trying to figure the best way to go about it! Need some help! I have 2 houses both same owner, that I'm wholesaling I'm the middle man. On the other end I have a buyer that wants both should I get the properties under one contract 30k for both and close both at the same time to save some money. Or should I get two separate contacts one for each home just to be safe 11k one contract 19k one contract Thanks

So I have a situation just trying to figure the best way to go about it! Need some help! I have 2 houses both same owner, that I'm wholesaling I'm the middle man. On the other end I have a buyer that wants both should I get the properties under one contract 30k for both and close both at the same time to save some money. Or should I get two separate contacts one for each home just to be safe 11k one contract 19k one contract Thanks

Shawn Holsapple yes I am getting it from a home owner. Everything was settled and fine with the man then his wife who was not even at the property and wasn't clear of what was going on stepped in and said we must provide POF and 1k in Ernest. I'm just going to sit down with them and explain exactly what we do and hopefully clear it up.

Shawn Holsapple yes I am getting it from a home owner. Everything was settled and fine with the man then his wife who was not even at the property and wasn't clear of what was going on stepped in and said we must provide POF and 1k in Ernest. I'm just going to sit down with them and explain exactly what we do and hopefully clear it up.

Yes thank you everyone for your help all great answers and now I know how I will go about it !

Hey so I am new to the wholesale business from Indiana. I have had a couple contracts set up and ready to go with sellers but they keep asking me for POF last sec what should I say/do to let the know I'm a wholesaler and I will be flipping the house to make a profit without scaring them off? I'm 20 years old and don't have the money to purchase a home obviously! Please help !

Shawn Holsapple I've have listened to a couple of the podcast they are great! I will start with rich dad poor dad today, I've heard great things about that book ! Thank you

Hello from Speedway, Indiana ! My name is Mason Jobst I am 20 years old. I just found BP about a week ago and can not get enough of it, there is so much to learn here! I'm very entrepreneurial minded and am very interested in real estate! I'm someone that will never be satisfied with a normal 9-5 job for the rest of my life. I'm inspired to be a part or the millionaire by 30 club ! I'm looking to get my feet wet with wholesale to start. my goal is move to flips, rentals and eventual in commercial real estates . I would love for advice,and to start building relationship through BP!