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Updated over 5 years ago,

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8
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0
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Warren Kong
  • Santa Barbara, CA
0
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8
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Dealing with Wholesaler - Should I review contract with lawyer?

Warren Kong
  • Santa Barbara, CA
Posted

Hi BP,

I've been looking doing the BRRRR strategy on my first property in Kansas City, MO with a wholesaler and I am fairly interested in moving forward with it.

Just a quick question, when you're not dealing with a buyer's agent, do you typically hire a lawyer to review the contract documents to make sure that you are covered properly?

The way that I understand the process is:

  • wholesaler drafts contract with contingencies such as inspection, title search
  • I review and sign - with a lawyer? 
  • property goes to title search and if all works out, I wire the money and the deed becomes mine.

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