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Updated almost 8 years ago,

User Stats

28
Posts
13
Votes
Brian V.
  • Homeowner
  • Victorville, CA
13
Votes |
28
Posts

How do I learn how to fill out contracts correctly?

Brian V.
  • Homeowner
  • Victorville, CA
Posted

I just bought a course on "Subject 2", last week and I feel like I have a good idea how to find sellers and negotiate a deal. However when I look at the sales contract,  deed paperwork, limited power of attorney, etc.  I'm confused as to how to fill it all out correctly. The course does not show examples of properly filled in paperwork. I'd like to take action and start talking to people to complete one of these deals, but I feel insecure about the paperwork, forms, disclosures, etc.

On the buyer side, I will probably use lease option. However, even though I have forms from this course and another course for the lease and separately the option, I feel insecure about filling it all out property. Not to mention delivering proper disclosures and such.

I feel like the paperwork is keeping me from taking action.  One more note to mention is that it was suggested that as I'm marketing for sellers, a sweet rehab deal might cross my desk. I might want to get it under contract (if its a good enough deal) and assign that contract to a fix n flipper for a fee if I wasn't prepared to do the work myself. Again, that would require that I know how to properly fill out paperwork for such a deal for not only the purchase, but also the assignment.

I don't have a mentor, I'm not a part of any local Real Estate Clubs. I don't know any real estate investors. I've googled how to fill in contracts, but I'm left with more questions than answers because every contract is different. I wonder if I could pay a lawyer a couple hour fee to sit down and look at the contracts I have, explain what I want to do, and literally have him teach me how to fill them out, and what to do with them once they are filled out.

Any ideas?

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