Episode 128: Wholesale Real Estate Contracts

In this Episode David and Mike talk about the most important tool in wholesaling, which is the “CONTRACT.”

Contracts are the beginning of the negotiation.

They discuss the important parts of a (1) one page contract:

1) DATE

2) BUYER’S NAME AND MAILING ADDRESS

3) SELLERS NAME AND MAILING ADDRESS

4) PROPERTY ADDRESS TO BE PURCHASE

5) AMOUNT OF THE PROPERTY TO BE SOLD

6) CONSIDERATION

7) ACCEPTANCE PERIOD

8) INSPECTION PERIOD

9) CLOSING DATE AND LOCATION

10) CONTINGENCY CLAUSES

Check it out for yourself to know more!