The contract

[Patrick Reagan]

As I learn more about wholesaling,what I would be more comfortable with is a contract where I can tell the seller straight up that I would like a certain amount of time to sell the property for a fee.If I cannot sell the property in that time frame, the contract becomes void.To go along with this agreement,I would need the agreement between myself and the buyer for my wholesale fee.Is there such a contract available?If not,any suggestions?Thank you.

[Bill Gulley]

All lawyers are investor friendly! Seems investors use "investor friendly" more to finding someone who allows them to do unconventonal or unorthodux activities that go against the grain of acceptable practice, in other words, find someone who will go along with you doing things that may have legal issues. Kind of funny as no attorney is going to hang themselves out for any investor, if you screw up you can pay them more to get you out of trouble. They may need to save face allowing you to do something, but it won't be them paying a fine or doing the time. There should be no problem with assigning a contract.

The attorney probably has the same issues with it that I do, wasting everyone's time, keeping a property off the market while someone jerks a seller around with promises of buying it or selling it. When you sign that contract you take on responsibilities an liabilities to act. While you may assign your contract, you are still responsible to that seller under the agreement.

I sggested in another thread of getting buyers in line first, then find what they want, then assign the deal that works.

IMO, no investor should hit the street to do business without havig thier contracts reviewed as to form and content by a local attorney. All real estate is local and all transactions will be viewed under the eye of local custom. :)