Paperwork - What Form is Required?

[David Hart]

Newbie question alert!

Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.

Do I use a standard Real Estate Purchase Agreement for my state (California), or some other document to lock-in the price?

What do you experienced wholesellers do? Where do you go to get your paperwork?

[Jim Blatchley]

IMHO...If you are wholesaling and getting deals directly from sellers, then you do not want to use a standard P&S Agreement that's come from a real estate agent. These are usually geared towards the seller and way too long and over complicated. If it mentions brokers/agents in the wording, then it will just confuse the situation. There are wholesale contracts available online, just Google it, either for a small fee or free. Then tweak it so that it favors you, the buyer and have it looked over by your attorney to make sure it's state specific and compliant.