Most wholesalers don’t realize their cute little “free contract template” is basically a ticking time bomb.
I didn’t 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 didn’t just complain, I updated the contract.
Over. And over. And over.
Now it has little ninja things like:
- “Close of escrow on or around, instead of locking us into one hard date
- Auto-extend wording so the contract basically can’t expire unless we want it to
- A 25% holdback that doesn’t get released until the property is actually vacated
Why?
Because one time the seller got paid in full… then decided they weren’t in a rush to move out.
Guess who got to handle the eviction? 😅
There’s a lot of ninja wording in this thing designed to prevent headaches before they happen.
“Ask me how I know.” 🤣
If contracts and legal stuff freak you out, the real risk isn’t “signing something wrong”…
It’s using a weak, generic template that doesn’t protect you when things inevitably get messy.
If you want to go from:
“Man, I hope nothing goes wrong with this seller…”→“I’m protected even if it does,”
I’ll just give you the exact wholesaling contract + assignment contract we use.
The one that’s been battle-tested, updated after every mistake, and built from real problems in real deals.
Comment "NINJA" below and I’ll DM it to you 👇
Quick disclaimer: I’m not your attorney. This is for educational purposes only, always have a local lawyer review any contract you actually use in your market.