Student tells how he made $11,500 in 30 Days wholesaling properties in real estate
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Hi and thanks for the great videos!!!
I am a newbie wholesaler and wanted to know what order do you present the contracts in during the deal phase. For example do you first have the seller sign an "Options Agreement" and secondly sign the "Purchase Agreement" and then Thirdly do the "Assignment Contract" with the end buyer? With so many contracts out there I just wanted to make sure I have all bases covered....some "gurus" refer to getting options agreements first and some dont..what do u do?
MyGlobalAdventures 3 months ago
@MyGlobalAdventures Well if I know it's a property I can flip with no doubt, I will use a standard purchase & sale agreement in which I do in most cases, but if it's a property I'm not sure about (regarding the numbers working) but still think I may have a shot in flipping, I will use an option agreement (w/no obligation to purchase) just so it can give me an equitable interest to market to my buyers. I use an assignment agreement when I've found a buyer. Hope this helps
reproperty1 1 month ago