Purchase Contract

[Joseph Ziolkowski]

Hi BP,

At the start of the new year I want to hit the ground running with my wholesaling business. I'm 20 years old and I am starting my business 50/50 with my private lender (my aunt). She is supplying the capital, while I do all the other work. Anyway, I have been interning for a local real estate investor for over a year now. The way he wholesales is by purchasing houses outright and then turns around and sells them usually a couple of weeks later. However he is a broker and is required to use the state legal residential offer to purchase contract when he buys houses. At first I was going to use this same form, but it's 9 pages long and I feel a little long and kind of confusing. I know I could sit down and really learn the contract, but does anyone else have a shorter, more simple purchase contract they use with verbiage that protects you as the buyer and allows you to back out of a deal if something comes up with the inspection, etc?

Thanks