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All Forum Posts by: Andrew Broxterman

Andrew Broxterman has started 2 posts and replied 3 times.

Post: Necessary Documents for Wholesaling

Andrew BroxtermanPosted
  • Posts 3
  • Votes 3

Awesome, I appreciate your help.  There were so many Google ads to sort through- these links made my life a lot easier.

Post: Necessary Documents for Wholesaling

Andrew BroxtermanPosted
  • Posts 3
  • Votes 3

Hello,

Where do you get purchase contracts and assignment contracts in a wholesale deal?  Are there generic documents online that work?  Is it necessary to get a lawyer to put these together for you?

Also, is one version of each document enough?  Do they need to be modified deal-by-deal?

I am based in Ohio.

Thank you for the help.

I am looking to purchase my first rental property soon in Cincinnati.  I have two experienced investors (30+ years each) telling me to wait 1-3 years for a crash and then buy properties at more appropriate prices.  My thinking is that if I can purchase a rental that will return me 12% or more cash on cash, why should I care about paying a 10% premium in this market?  They usually answer this by saying they only buy properties with 30% returns or more and that they never overpay.  My worry is that if I listen to them and wait, I will be priced out of my home market within the next 1-3 years.  Thoughts?