Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Cody Lewis
  • Real Estate Investor
  • Watauga, TX
0
Votes |
7
Posts

Specific addendums to wholesale contract

Cody Lewis
  • Real Estate Investor
  • Watauga, TX
Posted

Hello all,

I apologize for starting yet another thread looking for a wholesale contract, but I have a few questions that I felt warranted a new thread.

I am looking for a wholesale contract that I will use to 'simultaneous close' my deals. I do not wish to assign for a few personal reasons. Now I will fully disclose my intentions to the original seller and need to make sure I have correct wording for this. Also I would like to use the end buyer's money to finance the original deal. Third I would like a 48 hour first rights clause to match any offers, to show the seller I am bringing value to his property by marketing to my buyer list while not 100% tying it up. And finally I need a basic escape clause if my buyer falls through.

Though I am not sure if anyone has this 'ideal' contract I was hoping I might be able to piece it together.

I was hoping I could use the following in the contract with original seller:
"Seller is aware buyer may sell this property prior to the close of escrow for a profit."

And this for my contract with the end buyer:
"Buyer is aware that seller is selling this property for a profit and may use the buyers money to fund this transaction."

Thanks in advance for the help!

Loading replies...