How to structure a contract for off market multi w/out a realtor

[April Savoie]

I have been working this lead I picked up and trying to figure it out as I go.

Checking with the city on zoning and codes etc. Doing research on underwriting.

Ive been advised to get it under contract with the seller before I bring contractors in and start vetting investors.

Do I just Google real estate attorneys and have someone draw something up?

[Greg Dickerson]

Originally posted by @April Savoie:

I have been working this lead I picked up and trying to figure it out as I go.

Checking with the city on zoning and codes etc. Doing research on underwriting.

Ive been advised to get it under contract with the seller before I bring contractors in and start vetting investors.

Do I just Google real estate attorneys and have someone draw something up?

Once you decide if it's a good deal you will want to start with an LOI to settle on the general terms of the contract. Once you have agreement on the terms you can then approach the attorney to draft the actual contract. You can also have the attorney do the LOI as well but thats pretty straight forward. Make sure you have an attorney who handles the type of property you are looking at. Some specialize in residential only and do not do commercial and multifamily so getting a recommendation from other multifamily investors is a good suggestion.