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Updated 12 months ago on . Most recent reply

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6
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Chicago wholesaling contract question

Posted

Hello everyone, im a newbie investor in Chicago that is starting to wholesale I understand most of the wholesaling process and just have one question to ask. So Im getting ready to start marketing in about two weeks but I recently went to a attorney to have him review my purchase and sale agreement contracts and he told me to use a multi-board residential real estate contract instead. The contract is 13 pages long and more complicated than a purchase and sale agreement, the attorney told me I need the contract so im backed by "title insurance" which is making me question the process of wholesaling.  So what im trying to ask is do you use the purchase and sale agreement or do you use the multi-board residential real estate contract to wholesale in Chicago? 

Most Popular Reply

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255
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161
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Vincent Incopero
  • Attorney
  • Elmhurst, IL
161
Votes |
255
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Vincent Incopero
  • Attorney
  • Elmhurst, IL
Replied

@Salvador Maldonado Time to go to a REIA or meetup and get a new attorney.

  • Vincent Incopero
  • [email protected]
  • (630)299-7600
  • Loading replies...