Wholesale Deal Structuring

[Benjamin Barredo]

Hello BP Investors,

I have a straightforward question - unless you somehow are able to make it complicated.

How do you structure your wholesale deals? With the seller and with the buyer?

Example - the seller:

How long to you make the assignment contract good for before you and/or the seller can walk away? 30 days, 90? Do you generally pay earnest money or a deposit? Do you use a one page contract or several?

Example - the buyer:

Do you ask for proof of ability to buy? Approval letters or lender's contact information so you can call them and prove they're real? Earnest money from them?

I just finished watching Phil's video on Freedom Mentor about 'Controlling the Buyer' and it has my brain asking a million questions.

As a newbie, do you suggest I write the pieces of how I plan to structure my deals down, like a checklist? I think I should. I know me and I'll get so excited I'll take verbal agreements on every aspect and find myself standing alone at the title company come closing time.