anybody on here wholesaling listed properties? if so, are you using option contracts, standard state contracts with addendums or …something else?
it depend on situation and deal as well.sometime standard state contracts are better while sometime addendum or flips.go with whatever situation demand!
I have recently started wholesaling and am working with a friend who has been doing it for a few years now. He (or we, now) are getting many of the properties off MLS using standard state option contracts. In Houston it’s basically impossible to purchase a foreclosure on MLS using any other type of contract. Otherwise maybe we would? We don’t use any special addendum, either. We have a couple of special provisions we add to help us get around nonassignable properties but that’s it. There may be a better way but we have a good enough buyers list that we haven’t run into many problems.