Contract Advice?

[Tyler Bond]

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.

[Jerry Puckett]

Start with your state approved contract. You will not have to worry about legalities or title company issues if you're using the "standard" contract.

I conquered this issue initially by taking a class at a local REI club taught by the best local RE attorney. When I was ready to do my first deal, I took the contract to an attorney for approval. I could have saved that $250 though because I was using the standard state contract....what was there to say?

I gotta ask....how is it that folks try to jump into this game without critical pieces of info like where to get a contract, and how to use it? That same question comes up over and over again....