Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

Owner Financing Forms??
Hi, I'm looking at a property on a golf course. It's a fixer-upper, down to the studs, and a blank canvas for me.
Can anyone guide me on the forms? I'm using RocketLawer and will write our contracts. There are so many different forms. I definitely think I should hold the title since I will be pumping a lot of construction costs right away (more than the purchase price). Thanks!!
Most Popular Reply
Quote from @Tara-Gerd Lilley:
Hi, I'm looking at a property on a golf course. It's a fixer-upper, down to the studs, and a blank canvas for me.
Can anyone guide me on the forms? I'm using RocketLawer and will write our contracts. There are so many different forms. I definitely think I should hold the title since I will be pumping a lot of construction costs right away (more than the purchase price). Thanks!!
If you want to learn a lot about the legal system use Rocket lawyer and write your own contracts. (Winding up in a lawsuit is the best way to learn applicable law). However, if you want to be successful as an investor, use a real estate attorney instead. But, whatever way you decide to do things, determine comps, have a purchase & sale agreement, open escrow, order a title report, order insurance, having an inspection is recommended, having an appraisal is recommended, use a warranty deed, use a note & a deed of trust, have the warranty deed recorded, order a CCR from the HOA, determine your rights to the golf course, and have at it.
If you don't understand any part of this, have an attorney involved.