Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

53
Posts
22
Votes
Jonathan White
  • Rental Property Investor
  • Anchorage Kenai Fairbanks Korea, AK
22
Votes |
53
Posts

1st Contract "caution" of manipulation

Jonathan White
  • Rental Property Investor
  • Anchorage Kenai Fairbanks Korea, AK
Posted

BP nation, I have advice for newbies like me.  I made an agreement with a guy and I made the mistake of sending a long distance cash purchase contact and I signed first.   Assuming he would sign and return it. He did this but in doing so, he changed terms on it.  I called him out on it and when sending new copies back two more times, he repeated it two more times with other parts of the contract. He felt he had to control it I guess.  Had I not payed attention and sent it to the title conpany, it could have been a problem.  My tip is, send em an unsigned contract and have them sign first if your long distance and have to ground support.  Also, limit the  opportunity where someone can can fill in data in areas like Other Contingencies or Other Considerations.  Lastly his lack of understanding on terms made him think it meant different than intended which also caused a problem and almost blew the deal.  Keep it simple and expect skepticism on sellers part if the jargon in the contract is to technical.  Hope it helps someone.  Waiting for title report now.  We'll see how it comes out.