All Forum Posts by: William Higdon

I know this is a year old thread, but I get asked this question a lot. In agreement with @Adrien C. that it's best to have a Real Estate Attorney draw one up. 

On the other hand........If you are looking to save some cash, here is a link to a wholesaler site with contracts available for download. I do not recommend using these unless yo get them vetted by an attorney. However, having an attorney review and correct a contract is way cheaper than having them create one (which the paralegal will do anyway).  Just my 2 cents, hope this helps someone at least get an idea of what they should look like and contain. 

@Matthew Olszak 

Word. Both scenarios are okay (for sake of the arguement if legal) if the parties in those scenarios agreed to those terms, then no one can raise a claim against a breach of or seek damages from that contract. 

My point was you dont have to have intent to buy the asset to enter into speculation of that asset. 

I agree, the devil is in the details. Options are used in all sorts of contracts of speculation is my point: from stocks to commodities, to real estate to mineral harvesting rights to automobiles and so on. It's the responsibility and more so the right of the Seller to read the contract and amend it to suit their needs of risk mitigation as it where. Devil is in the detail as the lawyer said previously. 

My point is someone doesn't have to have intent (or a license) to enter into a contract of speculation for an asset, regardless of its size. 

* I wanted to add very importantly, that I'm not advocating for people lying, cheating or out there causing harm to these people in distress or anyone for that matter. Also if it's illegal in your state than, uh, yeah that obviously bad too. So I agree, those types of people need to go.

Not to come out of left field, but when you buy an Option on an underlying Security in the Stock Market you may never have the intention (nor is it required) of purchasing said Security in the future but rather speculate for profit/loss on the option to purchase or sell that security instead of using it as a long term investment strategy.

I know this is apples and oranges in a sense, however I see a direct correlation between the two in that both underlying assets are being speculated upon by the Buyer. 

In my opinion Wholesale Contracts are no different than Option Contracts. Both are contracts of speculation on an underlying asset for a finite amount of time with the possibility for profit or loss. 

And saying your a cash buyer is basically the same as saying your the living person doing business in America; it's all Cash. Go to dinner tonight and pay with your credit card, guess what, at the end of the night your credit card company is paying that resturaunt cash on you behalf. Buying a property with 250k in bank financing: does that make you a Cash Buyer when using other people's money just like a Wholesaler uses OPM to close?

That's my 10 cents, my 2 cents was free! Lol

I agree, it's more costly but vert effective to use an oil base primer. If you use latex the nicotine will soak through even latex primer paints.

I've had success in using Sherwin Williams Promar 400 Extra white as a base coat on walls and trim in older units an it usually allows me to put just one coat of color. 

Hope this helps!

Is this property still available?

Welcome to BP and to the area! 

I am going to try and make the meet up o n Tuesday myself. Any question just ask away! 

Best of luck to you sir!

I may have a buyer interested in this. I'll contact you for more details and possible showing.

Welcome to BP and to Evansville!!  

Welcome to Bp and to the great city of Evansville!

I look forward to working with you soon ans wish you all the best in your current endeavors!