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Updated about 15 years ago,

User Stats

35
Posts
4
Votes
Steve Simpson
  • Involved In Real Estate
  • Orlando, FL
4
Votes |
35
Posts

Wholesale Contracts

Steve Simpson
  • Involved In Real Estate
  • Orlando, FL
Posted

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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