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Updated over 5 years ago,

User Stats

51
Posts
25
Votes
Oliver Perry
  • Investor
  • Glen Burnie, MD
25
Votes |
51
Posts

What is a due Diligence clause on a Wholesale contract

Oliver Perry
  • Investor
  • Glen Burnie, MD
Posted

While making a few Cold Calls, I was watching a Max Maxwell video on a home he closed a deal on. During this video he mentioned that he had a " Due Diligence Clause" on his contracts. My immediate question is what the hedgehog is a "Due Diligence Clause". I understand that it would have to be something that includes a review of the home but what would the clause say and if activated how would that effect the deal? My last question is are there other clauses that Wholesalers have on their contracts? What kind of clauses have you seen BP fam? I would love to hear the useless ones and those that are useful. Thanks and I look forward to reading your responses and learning

COME OUT FIGHTING

- OLI

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