Wholesaling Real Estate 101 – Where to Find the Contracts for Wholesaling Houses

Wholesaling Real Estate 101 – Where to Find the Contracts for Wholesaling Houses


hi Jason Gaston here to freedom flipper
with another episode of wholesaling real estate 101 before we get started with
contents video click on a link and subscribe to our youtube channel now
what i want to talk to you in this video about is two things the first thing i
want to talk to you about are the two essential contracts you must have in
order to wholesale real estate number two i want to tell you about where you
can go to get these contracts so in order to complete a wholesale
transaction if you get your wholesale profit there are two contracts you have
to use the first contract is the same contract that a lot of people use that’s
the same contract that anytime you buy something you have to have what a
purchase and sale contract so the first thing you need is a purchase and sale
now the purchase and sale contract is between the owner of the house and you
as a contract to buy that house now important note is in this contract can’t
be just any regular host any regular contract it has to have a thing
there has have it has to be and or asigns so this has to be an assignable contract
so the first thing you need is a purchase sell agreement and that
purchase and sell agreement must be assignable if you’re going to do a
wholesale transaction then this Agreement has with between you and the
seller has to be an assignable purchase and sale agreement so first thing you
need is an assignable purchase and sale agreement the second thing you need is
an assignment contract and that is here assignment contract as you can see I’m no artist but I
wanted to you to be able to see this is what’s going on so two of essential
contracts the first one you need is a person of purchase and sale agreement
and that purchase and sell agreement must be assignable so this agreement is
between you and the owner of that and the current owner of the of the home the
second contract you need is the assignment contract the assignment contract is
between you and your end buyer so what happens is once you have this contract
signed you have an agreement with a seller that’s assignable which means you
can assign your rights to this contract to your end buyer for a fee so what
happens is you put this house on the contract with a sign of assignable
purchase and sale agreement with the homeowner you then go to contract with
your end buyer with an assignment contract and in that assignment contract
you are assigning your rights to this contract to your end buyer and the
whatever number is in between there is the is your wholesale profit so if you
have a house it’s worth $100,000 you put it on a contract with the seller it’s
worth after its fixed the ARV or after repair value is $100,000 you contract it with
the seller for $50,000 say your contract with seller for $50,000 50k and then you
have an assignment agreement where you’re signed your contract to end buyer
for 10 K that means your end buyer is purchasing that contract for $60,000 60
k and your profit is this right here the assignment profit so you’re inviting
them you have a contract with the seller for 50 thousand you have an assignment
contract that’s where you’re assigning your contract for $10,000 to your end buyer
and you’re inviting to purchase that property for a total of $60,000 the
$50,000 that you have in your purchase in your assignable
purchasing sell agreement with a seller $10,000 you have an assignment contract
to assign your rights to your end buyer so the two contracts you need two essential
contracts you must have two wholesale real estate is an assignable purchase
and sale agreement and an assignment contract so not only do we’re going to
talk about the contracts number two we want to talk about how you can get these
so if you want to get a purchase sale agreement and assignment contract so you
can complete wholesale real estate transactions then click on the link in
the description below this video and there and go to our website and you can
click there when you and your enter email address and you’ll get it via
email you get these two contracts for free all you got to do is click on the
link below this video and when you go through that link enter your email
address and then we will send you these two contracts – your email box for free
thanks for watching and we’ll see you in the next video

Leave a Reply

Your email address will not be published. Required fields are marked *