I am new, and i am trying to learn, about where i can get contracts-what i want to do is sign a contract with the seller, and then sell my position to an investor, so i want to know what kind of contract do i need for the seller? and what contract do i need for the investor? and where online can i get it?
allso i want to know the process, if i go look at the property, do i give a price there on the spot, or how does it work? and then when i sign the contract with the seller is there a closing, or how does this work? and something i was reading about assigment fee what is that, and who has to pay for that?
For Contracts, you can check this site out:
http://www.buyincomeproperties.com/FreeRealEstateForms.htm
In brief, when you look at a Property and you want to make a deal work, you make the offer to the Seller and then sell (or assign) your position to the End Investor for a profit!
You may want to check out Investor Information, Real Estate Products and Investor Resources Links in the Upper Left Hand corner of this site to educate yourself a little more to get comfortable formualting your deals!
Hope this helps!
What ever you decided to use, make sure your personal attorney is cool with it. He will make sure it protects your best interest. As for the contract to sign with the seller,…I find that the option works every time. Very simple and straight to the point. I have a super simple one page option that anyone will be comfortable filling out. :beer