Wholesale Contract between the Seller and Me
Can anyone clarify what am I to use when I have a seller that is motivated to sell and I want to get the contract with them so I can then in turn sell it to a buyer? ANY help would be great, I am in Georgia
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Congratulations on starting your first deal @Taneka Nesbitt! An agreement made between a buyer and a seller is known as a "Purchase and Sale Agreement". Standard Purchase and Sale agreements available by your state real estate commission, normally don't include an assignment clause, so that's something you'd have to add in separately. There are some examples available in the FilePlace for BiggerPockets, but if this is your first transaction, it might be in your best interest to work with an attorney to walk you through the paperwork and staying within the law. It is well worth the money spent... even if you breakeven on the first deal, it'll save you in the long-run if you ever run into legal trouble.