Wholesale Contracts Purchase/Assignment

[Jolee Butler]

How can I get contacts for my wholesale deals? Is there a way I can get them online?

[Parish Benoit]

When I started wholesaling, I used a contract from a course I had purchased but it received negative attention from local investors, home owners and attorneys. I then decided to use the standard Texas Real Estate purchase contract that agents must use. It is 8 pages compared to my 2 pages but it doesn't raise eyebrows like my first one did. I just had to add "and or assigns" on the purchaser line so I could assign the contract if I chose to instead of doing a double close.

I would assume Tennessee agents all use the same one also. That shouldn't be difficult to get a copy of. As far as an Assignment addendum, use whatever you can find online. I've used a few different ones and neither the end buyer or title agent seemed to care.

Good luck with your business.