Example Of Wholesale Contract In Broward
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Here are the key elements to include in your wholesale contract template: Parties Involved: Names of the seller(s) and buyer(s), along with their signatures. Legal Description: Property description, street address, assessor parcel number (APN), and type of property.
The wholesaler contracts with the seller and structures the deal as a middleman. The buyer is buying the contract and, ultimately, the property.
While it's not strictly required, creating an LLC can bring significant perks to your wholesaling venture. For starters, it shields your personal assets from any business-related debts or legal troubles.
Florida Real Estate Laws Everyone, from beginners to seasoned professionals, must abide by these laws to ensure smooth and legal transactions. As long as you're marketing the contract instead of marketing the property itself, wholesaling is completely legal in Florida without a license.