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Updated about 7 years ago,

User Stats

36
Posts
5
Votes
H J.
  • Norcross, GA
5
Votes |
36
Posts

Contract Type for wholesale

H J.
  • Norcross, GA
Posted
Hello,

Hope this finds everyone having a fantastic weekend. I made the following offer to a seller and she accepted:

>>>>>>>>>>>>

A - $75,000 in two months

$35,000 down, $40,000 in two months.

There is no downside/risk for you. If we were to become unable to pay the remaining $40,000, you keep the $35,000, and you keep your house. And you can sell it to someone else in two months.

>>>>>>>>>>>

Now I need to create a contract. My intention is to wholesale the property. Question: would this be a Contract for Deed? Or is there a better contract for this? Thanks.

Hassan

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