Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on .

User Stats

34
Posts
23
Votes
Ushi Hastie
  • Seattle, WA
23
Votes |
34
Posts

Wholesaling Paperwork, Should I Have an Attorney Draft for Me?

Ushi Hastie
  • Seattle, WA
Posted

Hello Everyone! 

Would it be safer to have an attorney draft the paperwork every time I put a property under contract (who is a better witness than your attorney?). Or should I have a basic purchase and sale agreement drafted by an attorney that I can use on my own, which complies with the laws in my state, with an out clause or two.  

Besides a standard inspection period I am curious if there are any other/new out clauses that you would recommend?  I recall someone mentioning to me awhile back that it is possible to make the contract contingent on me having a specific amount of time to acquire a financial partner (aka end buyer)?  Anyone using that?  I like to keep everything transparent.  My intention always is to complete my due diligence before putting anything under contract so that I won't have to make use of any "out" clauses, but I also want to protect myself.  Your advice is greatly appreciated!