Wholesale Contracts

[Edward Mitchell]

Do I need my own wholesale contract or is that something the title agent or attorney works up for me? Also, when does the contract come into play with the wholesale process?

Thanks a lot guys!

[Christopher Salazar]

I use very generic contracts in my deals. You have a purchase agreement and then an assignment contract. Very basically, you get the property "under contract" with the seller with a purchase agreement once you have agreed upon a price. Then, you assign that contract to a cash buyer, once who have found one, using the assignment contract. 

I believe there are contracts in the BP Fileplace, but you should have an attorney look over them in your state before you try using them to be safe.