How to word a Purchase Contract for wholesaling

[Shadae Ohiagu]

Hello. I'm a wholesaler. I have a potential property to put under contract. I want to word the purchase agreement so that the agreement is void if I don't find a buyer by a certain date. That way I don't tie up the property, but I'm not on the hook to buy it either.

[Brad Jacobson]

You might want to consider local resources for this situation.  Local RE attorneys deal with local laws and statutes.  I'd recommend finding a local attorney and/ or a local wholesaler and follow their lead on proven contracts.  

If it's your first deal, I'm a big fan of partnering so you not only make a pretty penny but you'll also get a step-by-step training on the process for future deals.

Good luck!