Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 13 years ago, 12/27/2011
Where do I go to get contracts?
Hello all,
I have a newbie question. Where do i go to get contracts for the various types of financing (sub2, lease option, etc)
- Flipper/Rehabber
- Bakersfield, CA
- 3,639
- Votes |
- 3,438
- Posts
I have a California agreement if you care. However always have them reviewed by an attorney.
Another option is your state's Realtor Association who makes forms available to non-Realtors for a fee. The annual fee is a little high unless you are doing lots of business. I didn't see a pay-per-use option.
You could also buy the software. Probably cheaper than using the GAR form license. I've used Reveal Systems (Formulator) but not lately. A list of vendors is here.
Option 3 is to create your own. Copying the realtor form is not an option, IMO, since they carry GAR copyright.
BTW, the "standard" forms cover common scenarios like S-2 (Line 6. A. of the old forms), "As Is" purchases, etc. You can Google georgia "purchase and sale agreement" to get an idea of versions in use.
"I have a California agreement if you care. However always have them reviewed by an attorney."
I don't mind it being Cali.
What are the basics that should go in a Sub2 contract?
You need to hire a lawyer who does this for a living. You should not trust the advice to random people on the internet. You can get in a ton of trouble with these type of deals and it is best to have a lawyer before this happens not after (cheaper).