Contracts and Offers

I don't have too much money to start with, and my income is not that great, so I was wondering if it's even possible to do wholesale deals through banks, as they require preapproval letters from a lender. Do you guys just avoid bank REO's to wholesale? What am I missing?

Thanks,
Paul

What do I put in the empty spaces? I don't know what you're supposed to do.

Assignment of Contract
The undersigned Assignor, having executed a contract dated
_____________________ between
__________________________________________________________________________
Contractor, and
__________________________________________________________________________
Contractee
concerning the property described as:
__________________________________________________________________________
__________________________________________________________________________

Ihave attached a Notice Of Option contract for those of you who have been requesting it.

You file this notice down at your county recorders office after you have locked a property up.

It prevents some other wholesaler or buyer from trying to steal your deal. It lets them know that you have first option on the property for XXX amount of weeks.

Does anyone have a great equation or calculation they use to determine whether to buy rental properties? I have put together a general equation, but want to see if I am missing anything that might be over my head.

Who creates the Promissory note? the payer or the one getting paid?

And do both parties recieve a copy of the Promissory note?

Hi all! I need some more experienced investors to let me know if I'm right to be frustrated, or maybe if I'm expecting too much from my agent.

The Basics of Real Estate Contracts
by William Bronchick, JD

The real estate contract is the most often used, yet little understood tool in the real estate business. Whether you are a rank beginner or seasoned expert, there is no excuse for not knowing and understanding real estate contracts.

Real estate contracts are based on common law contract principles, so it is important that you understand the nuts and bolts of contract law--offer, counteroffer, and acceptance.

I hope this link works. It didn't work on that last post.

This is a costs and repair worksheet that was used in New Orleans after huricane Katrina struck. Used by the contractors to make repairs and prices for thaose repairs are included.

I receive so many requests for the forms I have that lets you price work to be done on rehab projects...I decided to just make a whole new post and post the forms for you.
Look for a download link on this post. It is in PDF so you have to have a PDF reader to see it.
Sissy

I came across seller who just finished remodeling her house and she wants to sell it. the House is 160,000 and is a big house, I am sure it has a lot of equity. The problem is that i don't want to move that far to live in the house. Can someone help me if alternative of what to do to still benefit and profit from this house? It as colonial house with 4 bedrooms, 3 bathrooms and a huge yard. Thanks for the help