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Updated about 5 years ago on . Most recent reply
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Wholesale contracts in Colorado
Happy saturday everyone,
I'm located in Colorado springs and I am very motivated in wholesaling locally. I have everything I need to get started, phone, website, bandit signs, formulas, repair estimate sheets, potential end buyers, people skills, ect. I brought 4 contracts to my real estate attorney (2 different buy side and 2 different sell side) he called one of his other attorney friends and literally said he's about to vomit after reading the first line pf the buy side contracts I had. Lol good thing I decided to have someone legally inspect them instead of a potential seller call me out. Does anyone have COLORADO WHOLESALE CONTRACTS to share so I can get started?
Thank you everyone!
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@Dustin Johnson Why are you trying to reinvent the wheel? Why not just use the public documents that a broker would use. They are free and you know they will stand up in court as they are made and approved by the state board.
Here is all the approved contracts to purchase for a broker in CO: HERE
Here is the main website ran by The Colorado Department of Regulatory Agencies that I used to find the google drive with the purchase contracts.
When using the CO contract on line 25 of the Dates and Deadlines section make sure you put the date out far enough so you can object and use the exit clause if you don't find a buyer.
I have never purchased property in CO but was able to find this info with about 3 minutes in a google search. Utilize people who have already done the work for you. In Texas, I just use our state approved form and make sure that the option period is long enough for me to assign, set up a double close, or opt out of the contract.