Wholesale Contract & Assignment Kit

A wholesale deal lives or dies on four pieces of paper. If your purchase agreement lacks "and/or assigns" language or an inspection exit, you cannot assign it or walk away. If your assignment agreement does not fix the fee, the deposit, and the as-is terms, the end buyer renegotiates at the closing table. Most new wholesalers borrow a contract from a forum, retype it from a PDF, or sign whatever the seller's agent hands them, and find out what was missing when earnest money is on the line.

This kit ships as a zip of six Word files and a 5-page Start-Here PDF. The Wholesale Purchase and Sale Agreement is organized into eleven sections (Parties, Property, Purchase price, Earnest money, Closing, Inspection and due-diligence period, Assignment, Title, As-is, Default, Signatures) with bracketed fill-ins and a drafting note under the clauses that make it wholesalable. The Assignment of Contract Agreement covers the recital, the assignment itself, the assignment fee, the non-refundable deposit, as-is and no-warranty language, and closing. The Double Close Addendum documents the A-to-B and B-to-C transactions, funding, disclosure, and who pays which costs. The Earnest Money Receipt is a one-page form with four fill-in fields. A separate Explanation Notes file walks the clauses that actually matter in plain English, and a Read Me First file tells you which document to use when. Every file carries an attorney-review notice.

Start by opening Read Me First, then put your entity name and your title company into the Purchase and Sale Agreement once and save it as your master. Read the Explanation Notes beside the Assignment Agreement so you understand the fee and deposit mechanics before your first buyer asks. Then send the whole set to a local real estate attorney for your state; they will edit far less than they would if you started from nothing. Real estate contract law varies by state, so have an attorney review every document before you use it on a live deal.