Wholesale Real Estate Contract - Free Download
Ready to start wholesaling real estate but unsure about the paperwork? A solid wholesale real estate contract and checklist are what let you flip houses without using your own money. At First Class Flipping, we provide free, printable contracts built specifically for wholesalers — everything you need to legally assign wholesale deals with confidence, whether this is your first deal or your fiftieth.
What’s Included in Your Free Wholesale Contract Package
Every package is beginner-friendly, legally sound, and 100% free — no hidden fees, no fine print.
✅ Purchase and Sale Agreement – Secure properties under contract with solid terms.
✅ Assignment Contract – Transfer your deal to an end buyer and collect your fee.
✅ Cold Calling Script – A proven script for negotiating with motivated sellers.
✅ Wholesaling Checklist – A step-by-step guide so you never miss a step.
🆕 Now includes a free Wholesaling for Beginners Checklist — get our most popular contracts plus a step-by-step guide to close your first deal.
🆕 Now Includes a FREE Wholesaling for Beginners Checklist!
Get our most popular contracts plus a step-by-step guide to help you close your first wholesale deal with confidence.
Real Estate Wholesale Contracts
Disclaimer
First Class Flipping is not a law firm and does not provide legal advice. These wholesale real estate contracts are provided for educational purposes only and should not be considered as a substitute for professional legal counsel. Real estate laws vary by state, and it is highly recommended that you consult with a licensed real estate attorney or legal professional before using these forms for any real estate transactions. By downloading and using these forms, you acknowledge that you are responsible for ensuring compliance with all applicable laws and regulations.
Wholesaling Real Estate - Common Questions
What is a wholesale real estate contract?
A wholesale real estate contract is a legally binding agreement that lets an investor (wholesaler) secure a property under contract, then assign their purchasing rights to another buyer — profiting from the deal without ever owning the property.
Are these wholesale real estate contracts legally binding?
Yes — the purchase and sale agreement and assignment contract are legally binding once both parties sign. That said, real estate laws vary by state, so always have an attorney review any contract before using it in a transaction.
Can I use these contracts in any state?
These contracts are designed to be non-state-specific, but every state has different rules on wholesaling, contract assignments, and double closings. Check with a real estate attorney in your state before executing a deal.
How does the assignment contract work?
The assignment contract transfers your rights in a purchase and sale agreement to another buyer (typically a cash buyer or investor). The new buyer steps into your place and completes the purchase, while you collect an assignment fee for putting the deal together.
Do I need a real estate license to wholesale houses?
In most states, no license is required as long as you’re acting as a principal buyer using an assignment contract. Some states regulate this more strictly, and acting as an unlicensed broker can be illegal — check your state’s wholesaling laws before proceeding.
How do I find motivated sellers and cash buyers for my deals?
Motivated sellers typically come from driving for dollars, direct mail, cold calling, and targeted online ads. Cash buyers come from REIA meetups, buyer email lists, and networking with hard money lenders and agents. For the full playbook on both, see our guide on finding motivated sellers and building a cash buyers list.
What happens if a seller backs out of the contract?
You may have legal remedies depending on the contract terms — negotiating a resolution, seeking specific performance, or requesting a refund of the earnest money deposit. Most wholesalers avoid disputes altogether by keeping communication clear and making sure sellers understand the agreement before signing.
How much money do I need to start wholesaling real estate?
Very little upfront capital is required. Budget for an earnest money deposit ($100-$1,000 depending on the deal), some marketing and lead generation, and title/closing fees if you do a double closing. Most wholesalers start with low-cost marketing — cold calling, door knocking, driving for dollars — before scaling into paid ads.
