Wholesale Contracts

Wholesale Contracts

Involved In Real Estate · Orlando, FL · Member since 2009 · 35 posts · 4 votes

I've used multiple terms searching these forums for some good info and/or examples of contracts to use when wholesaling properties and have yet to find anything very helpful. I understand that every state is different and you can't be too careful when it comes to legal matters, but I constantly hear these Guru's talk about how they have these 1 or 2 page contracts which are easy to read by sellers and yet cover their asses on the legal front. That sounds VERY appealing but I, for the most part, don't trust Guru's and would rather talk to someone who I see as having less of a vested interest in me purchasing something from them (like you wonderful people on this wonderful forum!).

Here in FL the standard residential real estate contract is called the FAR/BAR. It has a simple check-box for whether to allow or un-allow the assignment of a contract. I suppose it is possible to use these contracts for wholesaling deals, but I was just wondering if .....

Anyone had any forms or links to forms they felt like posting that they have used for wholesaling deals before? It seems like contracts are one of those things that many investors don't like to share, which I guess makes some sense. That being said, there are plenty of deals to go around and I doubt that anyone is wealthy simply because of the contracts they use. Then again I am a newbie...

Thanks guys!

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  • Involved In Real Estate · Orlando, FL · Member since 2009 · 35 posts · 4 votes
    17y

    It just occurred to me that some of you might be cautious to give out your contract materials online due to the fear of legal suits in case someone lost a deal because of your contract or something. I totally understand. If you would like to PM me, I'm sure we could work something out.

    Please PM me!

  • Real Estate Investor · Escondido, CA · Member since 2008 · 68 posts · 5 votes
    17y

    I am in need of a contract too. If any of you guys in California would be willing to share a contract with me it would be very much so appreciated.

  • Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    17y

    The thing is that anyone else's contract might not be feasible in your own state that is why I use state regulated contracts just to avoid legal issues.

  • Real Estate Investor · LA Area, CA · Member since 2009 · 40 posts · 0 votes
    17y

    I've searched for contracts also. Not so much for Wholesale but for lease option. Even to get a car form for California you have to get from a realtor. I think. I've been told to find a RE attorney or even a title company. But I think I found some online once but didn't buy them. I have to look for them again. If I find the link I'll let you know. Also, I'm purchasing a few properties from a wholesaler next week so I'll see what he uses.

  • Involved In Real Estate · Orlando, FL · Member since 2009 · 35 posts · 4 votes
    17y

    Awesome! Thanks Irwin!

    Mr Investor - I was thinking more about this and agree with you that it is probably wise to use state regulated contracts just to avoid any situation where a court tosses it out. I just didn't want to look like an amateur when trying to assign my contract to an investor.

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