Drawing up contracts

[Vann Calhoune]

Hey everyone,

I’m from the kcmo area, looking to get info on getting contracts. Do you draw up contracts yourself and have a lawyer look at them? Do you just go straight to the lawyer and have them draw it up? Do you print them off the internet?

If you do work with a lawyer I would love suggestions on any good ones in the kcmo/kck area.

I’m looking for all different types: lease agreements, wholesaling contracts, contractor contracts etc.

All input will be appreciated thanks!

[Jason Perez]

@Vann Calhoune As a Florida real estate attorney myself, I prefer to work with documents I have prepared in the past rather than evaluating something I have never seen before and modifying with language I want to include from my form anyway. If you find a real estate attorney, they would likely have some forms available that they have previously analyzed and used for a different matter and can customize it to fit your needs. This is likely more time efficient, which is beneficial to you. Preparing form contracts isn't an overly complex matter and the amount of time expended to create the contracts can be estimated, so I would suggest trying to get a flat-fee rate over an hourly fee for completing such tasks. 

That being said, I believe BiggerPockets has state-specific forms that were reviewed by local attorneys available for download as an alternative. The bottom line is that you need your contracts to clearly identify the rights and obligations of the parties and for it to be enforceable. Printing off a generic contract may cause more problems than it solves down the road, for instance what if you unknowingly use a tenant friendly lease, use a contract with a different governing set of laws from your state, or if a contract contains a particular provision that is ambiguous and possibly unenforceable. Regardless of how you proceed, good luck!