What should a wholesale contract look like?

[Richard Walters]

Hey BP folks!
I have a property which will be going under contract. I wish to market and wholesale the property (the seller is aware). What does a wholesale contract look like?
Thanks!

[Meghan Begue]

It should look like a square document with white background and a lot of boring words. 

LOL! Sorry I couldn't help the dad-joke. I recommend scheduling a call with a real estate lawyer. I just had a call with mine today and feel so much more confident. He showed me where to access real estate commission forms on my state's website and pointed me in a lot of great directions. He'll be able to help out with reviewing forms, as well as with my long-term rentals, if I ever need it. Lawyers aren't cheap, but I think it was 100% worth it. 

[Richard Walters]

Haha! Thanks Meghan. Yeah, I was trying to avoid attorney fees but you may be right. 

[David Ramirez]

You need to sign a regular purchase and sale agreement with an assignability and marketing clause with you as the buyer. Then, when you find an end buyer, you would just sign an assignment agreement.

Fee free to reach out with any questions 

[Tom Gimer]

IMO the best investor contracts are short and simple enough so as to not be intimidating to sellers, but comprehensive enough to include all the necessary buyer protections and local requirements.