The Landman Show Land Flipping Contracts 101: The 2-Contract System That Protects Your Deals
Dec 9, 2025
Simplifying land contracts can lead to profitable flips. Learn the two crucial contracts you need: a purchase agreement and an assignment agreement. Discover a four-word clause that saved a beginner from losing $15K. Understand why a 90-day due diligence period is necessary for thorough research. Get insights on earnest money strategies to limit risk and a default clause to prevent lawsuits. With just five power clauses, you can significantly enhance your contract safety and efficiency in land deals.
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Two Simple Contracts Are Enough
- Use only two contracts: a purchase agreement and an assignment agreement to flip land safely and simply.
- Include five power clauses in each contract to protect yourself and keep contracts two to three pages max.
Simplicity Closes Deals
- Simpler contracts close more deals because motivated sellers prefer fast, uncomplicated sales.
- Land contracts can be shorter and less jargon-heavy than realtor house contracts while still protective.
Include 'Buyer And/Or Assigns' Always
- Always include the four-word phrase "buyer and/or assigns" in the buyer designation to preserve assignment rights.
- This small clause prevents losing earnest money and enables wholesale assignments to end buyers.