Contracts and Offers

I have partnered up with two other DG members in my area to work a large bulk REO properties. We wanted to have a joint venture agreement, but not sure just what to consider since we plan to use transactional funding and doing back-to-back closings with wholesaling to an end buyer.

Has anyone ever partnered with another investor and had joint venture agreement when wholesaleing the properties? Could anyone provide a sample of the agreement. We have one, but it doesn't seem to fit what we are actually doing.

Hi. all, first time for an entry so bare with me. Have been along for the ride since Mar. this year and , well just haven't done squat. But since getting the "Gain the Edge" program have decided to go with Lease Options as Greg Murphy has done. It seems the best for me at this time. Questions being - I've set up a date with an Attorney and want to make sure my time is used efficiently, what questions would best be asked of him and are there contracts in Dean's course that would cover these transactions that I could bring with me to show??

I recently reviewed the latest version of the Utah REPC. In there the following clause is included:

NO ASSIGNMENT. The REPC and the rights and obligations of Buyer hereunder, are personal to Buyer. The REPC

Hi DG family, this is my first deal and I need your help. this is my situation..

..I Have the opportunity to purchase the house that I am currently renting from its owner, and he is willing to keep the financing part under his name, he is currently 3 months behind on the payments and he is willing to pay half of those payments and have me pay the other half to get the loan up to date, and than i will keep making the monthly payments untill it is payed off, in return i get to keep it's deed.

Hi everyone,

I'm new to this website. I bought the book this month. I have been reading it and have been learning alot of great tips and techniques.

I have a question and hope someone can answer it for me.

When you look into assigning a property my understanding is you go to the seller to negotiate a price right. Lets say the seller is under which means he owes more to the bank than what the property is worth. In that situation do I still negotiate with the seller or with the bank.

I would really appreciate if someone can answer this.

Thanks!!!!

Here is one of the best Bird Dog agreements that i have seen. Charlie

Bird Dog Consulting Agreement

This Agreement is made effective as of __________________ 20____, by and between _____________________ (Investor, hereinafter “Company“), Located at: _________________________________________¬¬___________________________________ (Address)
In this Agreement, the parties who are contracting to receive services shall be referred to as the “Company” and the party who will be providing the services shall be referred to as the "Consultant".

My real estate agent sent me this email regarding making offers in New Jersey:

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There is no regular offer form other than the standard NJ contract (CONTRACT OF SALE) I gave you a copy of for most home sales, including bank owned and short sales. Serious offers need the earnest money deposit of the usual $1,000 and pre-approval for mortgage financing or proof of funds in the case of a cash offer.

Commercial listings do have an "intent to purchase" form or letter and then the lawyers write up the terms.

Put your offer in writing

This is one of the areas that most new investors fail in.

A realtor called the owner of a property, toured the house and made a reasonable verbal offer to purchase it. The owner said he wanted to think about it and told my friend to call back in a week or two and he would be ready to decide.

I was just asked which contract to use to sell a mobile home that is on leased land. You can use a purchase and sale agreement, but I really like to use basically a modified contract for deed.

It is a great document that talks about the terms of sale and what is being sold as well as the terms of repayment for the loan when I am offering seller financing.

Hi Everyone,

Submitted 50 offers first thing today here in Las Vegas with my real estate agent and within five (5) minutes, 35 came back rejected ! What happened to the other fifteen ? That, I do not know but I am excited.

- All fifty offers were made to regular listings more than 90 days in the market not REO.
- Proof of funds is for 70K and average selling price is 130K.

- $500 hundred earnest money deposit (EMD).