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Updated almost 4 years ago,
Wholesaling analysis paralysis
Investors,
I’m struggling with getting my first wholesale deal for a few reasons but the main reason I believe is uncertainty on the legal side of the deal. I have downloaded and read a few purchase agreements for my state but I’m stuck wondering if I need to find an attorney to actually write up a contract that has all of the information and the contract be assignable. Multiple deals on my dashboard right now that I am eager to jump on but I do not want to contact the seller, make an offer, and give him a bogus contract that has holes in it. So my question is, for those that have successfully started wholesaling when you began did you have an attorney write your contracts for you? Also, how was your experience with finding cash buyers and how often did you have to actually use the inspection contingency as an escape?
As always, anyone willing to connect or give some words of advice please reach out through a PM.
Richmond VA