What is a weasel clause in a wholesaling contract?

Good question.

A weasel clause is an escape clause in a contract. It allows you to weasel out of the contract if you decide you don’t want to purchase the asset for some reason.

For example, you can use a clause like:

My offer is subject to acceptable financing / inspection / due diligence of property.

If you decide you don’t want to purchase the property or you can’t find a buyer for the property, you simply cancel the offer using your weasel clause.

If you forget to put a weasel clause in then the seller will give you a more difficult time and try to keep your earnest money (if you put some down).

If you would like to learn more about how to do wholesaling, you also can go to my weekly investor networking meetings that are held free of charge. You can learn a lot there and it is free. You also can meet investors with capital that can potentially supply you with loans or become partners or wholesale buyers for your deals.

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
[email protected]
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller