Purchase agreement contract question! help!

[N.A N.A]

Hello, I am fairly new to real estate investing and I have obtained a contract which I plan on using for wholesaling real estate , I understand most of the Purchase and agreement contract except the line where it says " Subject to existing financing": I don't know what to put there! also where it says "Equity" I mean how I am suppose to know the exact amount of equity there is, doesn't that change depending on who is Calculating the Retail value of the home? Heeelp,

so to sum it up, I need to know what to put on "subject to existing financing" and "Equity" lines on my Purchase agreement contract for wholesaling real estate!.

[Tom Goans]

@N.A N.A,

Please Seek Legal Professional Advice

Legally, legal advice can only be provided by a licensed attorney in the state where the property is located. You should only consider legal advice that is provided by an attorney you hire. Any other legal advice is ILLEGAL and may be very incorrect.

Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative. An attorney will assure you are abiding by the federal and state laws. Every state has unique laws. The attorney will also provide the best advice and options for your specific needs with a consideration for your future. The results will be legally drawn up agreements for your use.

Good luck with your new business venture.