I am new to Wholesaling. I know I have to put lots of contracts to get one approved. Should I ask realtor to write all the contracts or something I can write myself. Please advise.
You can write up your own contracts and have them reviewed by a closing agent. I started calling title companies out of the yellow pages and went through 15 of them that said what I was doing couldn’t be done. I also tried the realtors but they kept handing me the standard 19 page contract. It wasn’t until I started networking with buyers that I was referred to a title company that truly dealt with investors and understood the wholesale process. My contracts were approved by the title company and now I’m off looking for houses to put under contract. My advice, meet other investors and get a referral, you’ll save yourself a lot of frustration.
great reply chris becuase i had many title compaines say that it doesnt work like that and almost had me quit before i started. but i didnt and glad i didnt but like chris said just have a closing attroney look at it. its better to have a investor tell you which one he uses so you can save your nerves and hair :banghead.
Good luck
You have a set contract for each need; Purchase Agreement, Assignment, Lease Option, Memorandum of Option, etc. Here are 3 links for contracts, but read them fully. I find many typos in free and purchased forms.
http://www.thecreativeinvestor.com/modules.php?name=Downloads&d_op=viewdownload&cid=2