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Updated almost 11 years ago,
1st time wholesaling, need help with Contracts
Hi BP-
I have 2 quick questions, this is my first time wholesaling and I think I found a good property. I looked at the comps and used BP for which questions to ask the seller. The problem I am facing now is how can I ensure I have a safe legal exit strategy in the contract? I'm worried that if my potential buyers are not interested in the house, that I will be stuck with it. If anyone has a sample contract that is legal in Virgina, PLEASE send it to me. I found a sample contract online, but I don't trust it.
Question 2: Does anyone have any type of wholesaler calculator? Something that will determine the right price to offer a seller? I want to be able to
- Determine your maximum offer price
- Quickly analyze repair costs and other fees
Thanks!
Gene