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WholeSaler DocKit

Monthly, dozens of wholesale real estate investors ask us to review and revise the contract documents they purchased at boot camps or found online for free. Most of the contracts are written so they can be used in any state for any type of property. They don’t have terms and conditions that Florida judges are familiar with and can lead to unexpected results. Many times, the documents fail to give the investor-buyer the right to sue to enforce the contract, and – when they do – they don’t address who pays the winner’s attorney’s fees. That’s why I decided to create the Wholesaler DocKit, a set of documents for wholesalers that I feel comfortable any Florida investor can use with confidence for almost any type of residential real estate purchase.

package contents:

1. Contract for Purchase and Sale   . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Based on the Florida FAT/Bar As-Is contract, this three-page agreement is designed to address subject to transactions, land trust buyers who wish to hide the purchase price from the public records, and other issues that our client wholesales have face over the years.

2. Assignment of Contract  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

This detailed assignment of contract spells out the assignee’s obligations and makes it crystal clear what happens if they step outside the lines.

3. Memorandum of Agreement  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

This recordable document gives public record notice that there is a place between the investor buyer and the property owner. If you have a ‘shaky’ seller, this can help keep their nerves in check.

4. Seller Acknowledgment  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

In two pages, the seller acknowledges facts that help avoid allegations of deceptive practices and lack of transparency allegation from the seller against the investor buyer.

5. Option to Purchase  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Another recordable document that can be recorded to provide public notice that the investor has an interest in the property. It is used most often when the closing is contemplated to take place later rather than sooner.

6. Termination of Contract  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A one page notice that the buyer can send to the seller to inform them that the buyer will not be proceeding with the closing, outlining the permitted reasons from the contract that allow the buyer to do so.

Base Package
$500
Standard Package
$750
Premium Package
$2500
Access to use of document templates
One year of legal advice related to the templates' use
We complete up to five templates for you

Flexibility.

The document templates are in Word format, so they can be modified in an infinite number of ways to fit any situation regardless of how “off the wall” the transaction or the parties may be. The templates can also be saved as PDF and used with your favorite electronic transaction management and signature system (DotLoop, Docusign, Authentisign, Hello Sign, etc.) for ease of use and uniformity of completion by team members new and old.