Contracts

[Kim Okafor]

In wholesaling I know there are two contracts; 1 to the seller of the home and the other to the buyer (investor). In regards to this I have two questions:

1. Where do you get the contract you give to the seller of the home?

2. Is it best to get the second contract (contract to the buyer/investor) drawn up by a lawyer or would you say downloading one from a site similar to this one is fine?

General contracting advice/lessons learned are welcomed!

[Ned Carey]

One thing that is fundamental. You should understand any contract you use. Attorney review is always a good idea but I would also want the attorney to explain to me a little about contract law and that specific contract.

Blindly using a contract just becuase an attorney has given it his OK is foolish. It can be a well written contract and perfectly legal contract in your state but not achieve the terms and goals you want.