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Updated over 2 years ago on . Most recent reply

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Necessary Documents for Wholesaling

Posted

Hello,

Where do you get purchase contracts and assignment contracts in a wholesale deal?  Are there generic documents online that work?  Is it necessary to get a lawyer to put these together for you?

Also, is one version of each document enough?  Do they need to be modified deal-by-deal?

I am based in Ohio.

Thank you for the help.

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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
Replied

@Andrew Broxterman Google is your friend!

Here's the Ohio State Bar Association's Real Estate Purchase Contract. It should work just fine, even includes "assignees" under the binding portion:
https://pwc.ohio.gov/Portals/0...

Although not Ohio-specific this assignment contract should do the trick:
https://judicialtitle.com/pdf/...

And no these contracts do not need to be modified on a deal-by-deal basis. If you have some special terms you would normally use an addendum rather than modifying the standard contract.

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