How long should my purchase and sale agreement be?

[Jameson Sullivan]

When wholesaling where do you guys get your contracts from? Do you just write them up yourself? and what kind of stuff needs to be in there. I know there needs to be a financing clause but what other kind of stuff? I know there are other threads that touch on this topic but I was hoping for a little bit of direct back and forth interaction for I can really feel comfortable when that first call comes in. I wanna be able to atleast APPEAR that ive been doing this for years! Help!

[Chris Mason]

Use your State Association of Realtors' contract unless you have a very good reason not to. 

To make up your own contract and know it will work, you need at a minimum...

1. A real estate lawyer to review it.
2. A title company to review it to ensure they will insure title. 
3. The compliance department of a Fannie/Freddie lender to review it, to ensure they will go for what you made up, assuming a financed end-buyer. Note that this isn't going to happen without a live transaction, which implicitly means that live transaction is at risk.

For Californians, CAR RPA.