Wholesale Real Estate Contract PDF: What to Include and How to Use It
A wholesale real estate contract pdf is the legal document that locks in your assignment deal between the original seller and your end buyer. Without it, you have nothing to assign. Knowing what goes into a solid agreement is just as important for wholesalers as understanding a portrait photography contract is for photographers — both protect you, your client, and the deal.
This guide breaks down the key clauses in a wholesale contract, connects them to broader contract principles used across industries like youth sports photography and cosplay photography tips for session agreements, and shows you what to look for in a portrait photography contract template if you also do photo work on the side.
Core Clauses in a Wholesale Real Estate Contract PDF
Purchase Price and Assignment Fee
Every wholesale real estate contract pdf must state the purchase price clearly. This is the price you’re paying the seller. Separately, your assignment fee — what your end buyer pays you to take over the contract — is either noted in an addendum or captured in a separate assignment agreement. Keep these two documents clean and separate to avoid confusion at the closing table.
Include an earnest money clause. Amounts vary by market, but $500–$2,000 is typical for wholesale deals. It shows good faith without tying up large capital in a deal you may reassign within 30–45 days.
Inspection and Contingency Periods
A 7–14 day inspection period gives you time to bring your buyer through the property and confirm the numbers. Include language that lets you walk away during this window for any reason, with your earnest money returned. This contingency is standard and protects you if the deal doesn’t pencil out after your buyer’s walkthrough.
Closing timelines in wholesale deals typically run 21–30 days. Build in enough time for your end buyer to arrange financing or a cash closing without putting the seller in limbo too long.
Connecting Contract Principles to Photography Agreements
Whether you’re using a portrait photography contract template for headshots or a wholesale agreement for investment properties, the core structure is the same: parties, scope, payment terms, and what happens if someone defaults. A portrait photography contract protects your time and your deliverables the same way your wholesale contract protects your assignment fee.
Photographers working youth sports photography events often use simplified booking agreements covering session date, location, number of athletes, and delivery timeline. Cosplay photography tips often include notes on model release forms, which are another type of contract protecting usage rights — the same intellectual property logic applies in real estate with title and deed documentation.
Where to Get and Customize Your Contract
Your state likely has a standard real estate purchase agreement you can adapt. Many wholesalers work from a basic wholesale real estate contract pdf available through their investor association or a real estate attorney. Getting an attorney to review your template once costs $100–$300 and is worth every dollar before you use it in a live deal.
Online resources like BiggerPockets offer community-reviewed contract templates. Always check that your template complies with your state’s disclosure requirements, especially around equitable interest disclosure, which several states now require wholesalers to include.
If you shoot youth sports photography, cosplay photography, or portraits alongside your investing work, keep your portrait photography contract template equally tight. A signed agreement before every session — covering usage rights, delivery dates, and payment — prevents the same misunderstandings a good wholesale contract prevents at closing.