First Deal Advice and Fabrication Help - Houston, TX

[Nick Bruns]

I have my potential first investment deal that could go down as early as next weekend. This house will likely need close to a complete rehab and I wish to wait till after the rehab and financing with the bank to pay the seller. How should I word that in my contract and explain to seller that this is a good option? Are there any Texas specific laws that I need to follow when creating and signing the contract when we agree to terms? Is there anyone who lives in Houston, TX and has bought several off market properties before and is looking for a free lunch/coffee/beer in exchange for your advice and expertise? I will make your time worthwhile and who knows what the future holds...I'm up to something! If there are any general contractors or investors in the area who might be interested, please send me a message. Thank You

[Guy Gimenez]

Don't play with fire. There are plenty of posts where newbies jump in with both feet and lose big...one guy just posted he lost $70K. If you don't understand contracts, contract language, negotiation, etc....you're stepping into an arena you're not quite ready for. Why not find a seasoned investor to partner with on your first 5 to 10 deals so you can learn from others mistakes instead of your own? This ain't HGTV...it's real people losing real money. Don't go it alone...build the relationships you need to achieve your objectives.