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Updated about 2 years ago,

User Stats

107
Posts
33
Votes
Brendon K.
  • Real Estate Agent
  • Los Angeles
33
Votes |
107
Posts

Exit clause for a beginner who can't find a buyer

Brendon K.
  • Real Estate Agent
  • Los Angeles
Posted

I live in an area that has houses that cost several degrees higher than my personal budget for investing. They say that you can start wholesaling anywhere in the world, I'd like to see if I can test that. Everyone I've seen says "I buy houses" and they "buy" with an assignment contract, but my worst fear is if I start doing that and I still don't get a buyer, I'm going to be stuck with that house that's too expensive for me at my current stage of life.

Are there clauses you can put in to wholesaling contracts that allow you an exit if you can't find a buyer? Does anyone have an example I can look at?

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