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Updated over 10 years ago on . Most recent reply
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Does anyone do contingencies based on them finding a buyer ?
I was wondering if anyone put a contingency clause in their PA when they get a wholesale deal under contract in case they don't find a buyer. I remember in Rich Dad Poor Dad he said his contingency would be "based on partners approval" which really meant it was based on him finding a buyer. Is this still common ?
Most Popular Reply
I have used the partner approval clause. My partner is my funding partner.. my cash buyer. I also let them know my funding partner will be needing to stop buy for a quick peak.. inspection.. in a few days.
I also use an inspection clause.