Option to Purchase vs PSA

[Jacob Zylstra]

I'm new to BP and am avid listener to the podcast. I did a search for Option to Purchase and didn't quite find the answer I was looking for.

I'm looking at wholesaling and see that as a good way to find deals, add value, and build capital so that I may become a self-sufficient real estate investor. My hang up is the contract and before I go spend a few hundred on a lawyer's time, I'm hoping for some insight.

Obviously I wouldn't be wholesaling if I had the money to buy the houses that I would get under contract. What protects the wholesaler should he or she be unable to find a buyer?

[Chaz Reid]

The clauses in your contract. Go ahead and spend money with an attorney so you are legally covered @Jacob Zylstra