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Updated almost 12 years ago,
Contract Advice?
Hey all of BP,
I am new here and my goal is to start out marketing that I BUY HOUSES CASH, typically I will focus on wholesaling to other investors but I also want to be knowledgeable enough to do Sub-2s, lease options, etc.
Analysis Paralysis is setting in and I am taking action to give all of my research purpose before I get overwhelmed. I got my first cash buyer to call me today from a craigslist ad! Wohoo! I was nervous but this is cool! My thoughts are becoming a reality. That is neat to see. Anyway I am getting clouded by the thought of contracts and the process to that. What do you guys recommend I do to educate myself with contracts? My plan in my head was to go to a good RE attorney tell him what I want to do, and have him guide/tell me what I need to have and need to know in order to do such a thing. Does he provide me with a contract? Or do I use one I got off of the very trusting internet for free? I could run the one I have downloaded by the attorney for him to look over. Would that save me money?
Second, after I get my hands on a contract is it wise to go to your investor friendly title company and let them see what you have and if they will work with it or is that a waste of time? You see, i am lost when it comes to the paper work of these deals I don't even know where to start to obtain the knowledge to understand them. How have you former beginning investors conquered this obstacle?
Thank you everyone, and @Josh Dorkin for making this possible.