Flipping Properties
I am getting into this business. I have noticed that it is tough but also easy. I have been looking for a good contract that is drawn up in the interest of the buyer (me). I have yet to come along one except for the state base contract, that is a little extreme for wholesaling property. Any help or suggestions.
Go to your attorney and have them draft one that suits your needs.
Roger
use the one's the realtors use, and just ammend it to your satisfaction, people like to see paperwork that is familiar to them.
The key to a good "buyer friendly" contract is the contingencies that allow you to walk away from an unfavorable situation. Inspections, partner approval, financing, etc can buy you as much as 120 days if worded correctly and executed. Be prepared to give up some contigencies in exchange for more valubale things during the negotiation. Strike the approval clause in exchange for the contents of the shed, things like that. Definetely have a lawyer look it over before using it.
[addsig]