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Updated almost 10 years ago on . Most recent reply

User Stats

102
Posts
7
Votes
Jamael Reed
  • Specialist
  • Gary, IN
7
Votes |
102
Posts

Can anyone tell me what kind of contract do i need to wholesale houses in Indiana? Please...

Jamael Reed
  • Specialist
  • Gary, IN
Posted

I'm looking to start my career off as a wholesaler in Indiana but I am very confused on what contract to use. I looked in the "resources" and "fileplace" but there is so many contracts that I don't know which one to use.. Can someone show me the exact one to use for wholesaling and for general purchase.? 

Please.. 

Seems as no one wants to help out when i ask this question before.

Most Popular Reply

User Stats

156
Posts
36
Votes
Lou Castillo
  • Real Estate Investor
  • Charleston, SC
36
Votes |
156
Posts
Lou Castillo
  • Real Estate Investor
  • Charleston, SC
Replied

You can use any Purchase and Sales Contract (PSA) . The key is that it is Assignable in your state. Generally it just requires a sentence somewhere in the PSA that says it is Assignable.

The simpler the contract the better so as to not confuse the Seller. My PSA is just 1 page long.

You will also need an Assignment of Contract to be able to sell your deal to an investor buyer.

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