Steal My Wholesale Contract
Most wholesalers donāt realize their cute little āfree contract templateā is basically a ticking time bomb. I didnāt either⦠until sellers started stalling, dragging things out, and trying to run out the clock on my contracts. So every time we got burned, I didnāt just complain, I updated the contract. Over. And over. And over. Now it has little ninja things like: - āClose of escrow on or around, instead of locking us into one hard date - Auto-extend wording so the contract basically canāt expire unless we want it to - A 25% holdback that doesnāt get released until the property is actually vacated Why? Because one time the seller got paid in full⦠then decided they werenāt in a rush to move out. Guess who got to handle the eviction? š
Thereās a lot of ninja wording in this thing designed to prevent headaches before they happen. āAsk me how I know.ā š¤£ If contracts and legal stuff freak you out, the real risk isnāt āsigning something wrongā⦠Itās using a weak, generic template that doesnāt protect you when things inevitably get messy. If you want to go from: āMan, I hope nothing goes wrong with this sellerā¦āāāIām protected even if it does,ā Iāll just give you the exact wholesaling contract + assignment contract we use. The one thatās been battle-tested, updated after every mistake, and built from real problems in real deals. Comment "NINJA" below and Iāll DM it to you š Quick disclaimer: Iām not your attorney. This is for educational purposes only, always have a local lawyer review any contract you actually use in your market.