Contracts and Offers

Ok Dean says that you need four pieces of documents to do the IEE. The investor disclosure statement and seller's acknowledgement, investor purchase agreement that also includes lead paint disclosure notice, property disclosure notices and discharge of agreement to purchase statement. The investor disclosure is straight foward. Dean says go to www.deangraziosi.com/purchaseagreement to get the documents but that is when I get lost. One of the options says "Assignment of Real Estate Purchase and sale Agreement" I thought you aren't assigning anything when you do an IEE contract.

I have run into a snag on my first deal. My buyers will be cutting in for roughly 1k per house, but I know I can make more money through the sellers. I will not be assigning these bulks orders, and I am not an agent, and the sellers have a agreed to pay me 2k per house that I can get sold for them in bulk.

They will not do a services rendered contract since I am not an agent, but they are agreeing to an assignment of interest contract, and I dont want to sound like an idiot when i talk to them.

Any explanation of how this could work would be a great help.

Thanks

I'm in southern CA & can't find a realtor to submit offers giving me 30 days to find a buyer. This strategy that Dean discusses in his book - does it only apply to FSBO's?

Thanks,
Jan

I'm ramped up and ready to branch out and do some Lease Options as a part of building capital as an Investor.
I have everything but the contracts you use.
Is there a recommended set of contracts to use for this?
Is there two or three for the seller and use the same for the buyer?
Can anyone send me some PDF's of these.
I see there is one in DG's contracts page, but I don't know if that one is the only one you use or what.
Any help on this issue is greatly appreciated.

Thank you so much,

Jason King

REI Roanoke

Ok everybody I went back and read page 164 in Dean's book and I saw something that threw me off. It says as follows :"It has become incredibly difficult to assign properties to buyers who need a bank loan and get paid at closing because lenders are not experienced in allowing this practice. This is a creative and legal way to avoid that issue with lenders. When the circumstances are right and executed properly, an "assignment" deal can be a quick way to put cash in your pocket and that is why it is strategy number two."

So can anyone elaborate this for me?

I've looked everywhere but I haven't found anything that would Answer my question so that I could understand it. If I went to a real estate attorney would he be able to tell everything I need to know, As far as my exit clause. Because Dean stated in his book that you can get the earnest money from the end buyer. That way it would not come out of my pocket. would the attorney be able to tell me the right exit clause for this?

Is there anyone else trying to apply Deans strategies in North Carolina? I would love advice on how you located an attorney.

I am trying my absolute best to find a closing attorney that approves of the IIE or Assignment style. I've visited 3 and got big fat No's! They are all stating how this appears as an illegal practice. I contacted the States Real Estate Commission. They gave me the same advice and went on to explain how they prosecute to the fullest extent of the law. I've tried the help line, no help. I've tried Legal Zoom.com and law.justanswers.com. Roadblock!

Hey everyone,

Ok, so I'm the kind of girl who will jump in the water and figure out how to swim AFTER; so taking risks isn't my obstacle. However, in the past 5 months, I've put 2 properties under contract in the hopes to assign. The assignments didn't happen on either property because I couldn't find buyers.

Now this risk-taker has become gun shy. I've completely lost the nerve to look for or put any properties under contract.

I'm pouring my soul out on DG in the hopes someone else has been where I am and can give me a "push". I need a fresh mindset.

Advice anyone?

Mel

Hello All.
Working on the assignment of contract strategy. Where do we find official Arizona state forms? Already searched these forums.
Also we are in the academy. They sent us Proptrend software but in the "Assignment of contract" part of the training they are using Property Pro software. Is Proptrend a new and improved PropPro or a new stand alone? Thank you.

DFand3Kids

Im not really sure where to post this.
But...does anyone have a pre-made offer sheet I can use when submitting offers to sellers? I've been submitting offers through e-mail and they'll ask me to officially submit an offer...with an offer form. So, can anyone help me out?