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Updated almost 12 years ago on . Most recent reply

Doug R.'s profile image
Doug R.'s profile image
Doug R.
  • Financial Professional
  • from Pittsburgh, Pennsylvania
  • Member since Mar 10, 2013
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Doug R.'s profile image
Doug R.'s profile image
Doug R.
  • Financial Professional
  • from Pittsburgh, Pennsylvania
  • Member since Mar 10, 2013
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Doug R.
  • Financial Professional
  • Pittsburgh, PA
7
Votes |
92
Posts
General Real Estate Investing

Contracts for Wholesaling

Doug R.
  • Financial Professional
  • Pittsburgh, PA
Posted

What are the necessary resources needed for forming a contract to purchase a property from a seller and wholesale to an investor/buyer? (Lawyer? Notary? etc?)

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William Roberts's profile image
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William Roberts
  • Rehabber
  • from Middleboro, Massachusetts
  • Member since Mar 21, 2013
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William Roberts
  • Rehabber
  • from Middleboro, Massachusetts
  • Member since Mar 21, 2013
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William Roberts
  • Rehabber
  • Middleboro, MA
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William Roberts
  • Rehabber
  • Middleboro, MA
Replied

Doug, You will need an assignment contract. That's a contract between you and the buyer. The P&S is the contract between you and the seller. Just make sure your P&S is assignable. I have wholesaled a few deals on a handshake. That comes from networking and knowing who your buyers are. Checkout this link for wholesaling tips. http://houseflippingschool.com/?s=wholesale+contracts

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