This isn’t an exercise in corporate formation with C corps and LLC’s that has to be done right the first time.

XLV.OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon any of the Parties hereto unless incorporated in this Contract.

Because I have incorporated “I Buy Houses, Inc.†, saying ‘I Buy Houses’ is not blind advertising.

We probably won't have a problem finding a buyer, but the problem is we aren't incorporated yet.

They typically do not allow "assignment of contract" and thus, to cirumvent that, one must incorporate a double close.The other options are to use a trust, newly formed entity, or substitution of buyer.

XLV.OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon any of the Parties hereto unless incorporated in this Contract.

I myself am still relatively new at this stuff, but prior to being involved in REI I spent many years in corporate sales, doing a lot of phone communication.

I don’t want them to fall out of their chair when I offer them 30% to 50% less than they expected.

Mike - You asked me what mistakes you can avoid - taking the advice of doing all the work from your office chair would be one as I have pointed out above.Second - While a great deal will bring buyers, good deals may not and as such, one of the biggest mistakes I see wholeaalers make (other than not performing accurate due diligence and providing accuarte numbers to buyers) is that they do not have a large enough buyers list BEFORE they lock a deal.

Commonly known as and more specifically described in Exhibit "A" attached hereto and made a part hereof by reference, together with all tenements, hereditements and appurtenances thereunto belonging.For and agreed sum and for good and valuable consideration of the covenants and agreements on the part of the Buyer, Seller has agreed to sell and convey to the Buyer and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract, which terms and conditions are incorporated in this Memorandum by this reference.Except as provided in the Contract from the date hereof, Seller shall not have the right, with respect to the Property to enter into any new contracts, leases or agreements, oral or written, without the prior written consent of Buyer.This Memorandum is not a complete summary of the Contract.