New Mexico deal Wrap REC or Lease with Purchase option?

[Lee Moseley]

I am helping a friend put a deal together, and it's been a while. He is purchasing a house (SFR) for $270k with about $9-10k down, the seller is carrying a 2nd wrap/note (1st is standard mortgage #217k balance @ 5%, PITI $1690). 2nd will be about $300/month PI. My friend plans to refinance after his credit clears up in 6-12 months. I will probably purchase the Note after Escrow

What are the contracts (samples available) to use again? REC, Note, Note purchase?

Should all the details be done by a lawyer or can the Escrow Company do most of it?

[Thomas May]

Lee,

I am new to RE investing and am located in Santa Fe, let me know if you would be interested in working some wholesale deals in the near furure. I will be in ABQ this weekend going through a rehab property with a few other newbs.

Tom May