Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

1
Posts
0
Votes
Zachary Trexler
0
Votes |
1
Posts

Need Help Adding Creative Finance to a Standard Sales Agreement.

Zachary Trexler
Posted

I'm looking to use Creative Financing Strategies for purchasing property but all I have is my standard Purchase and Sale Agreement. What would I need to add to this contract to create a Sub-to + Seller Finance + Novation or Net Listings Purchase of Sale Agreement? 

Or, if you have sample contracts I can look at,  I'd really appreciate the help. 

Most Popular Reply

User Stats

2,040
Posts
1,918
Votes
Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
1,918
Votes |
2,040
Posts
Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

Hi Zack, in general get yourself educated by a creative teacher and that education with come with contracts and the even more important,  how to use the contracts and talk to the seller.   Creative is an area where it can't be deligated to a 2nd party to handle.  You need to be the expert in the 1st person.  Its not surprising when you learn what Attorneys are ACTUALLY good for they can not help with the creative paperwork.  You (I) bring all the docs to closing and the Attorney is an expensive notary,,, beside pulling title and passing through a title policy.

Which brings up;  very few closing attorneys will do subject to/ lease option,  contract for deed closings.   They don't understand them.   Most important tip #1;  Join the local REIAs!!!  Find them in meetup.org.   Find the old timers, the REIAs to get referred investor friendly closing Attorneys.  These guys / gals will still NOT do the subject to paper work, but they understand it and will allow you to bring docs to closing the seller signs...   POAs, trusts, affidavits etc etc.

Go to youtube and search creative deals,  subject to,  negoticating with sellers.   I've bought all the teachers training, its all pretty good.  Joe McCall,  Joe Crump etc are very good.

I've written a how too close a subject to pdf I give away becasue I hate to see good deals screwed up with insufficent paper work.   Connect, then PM me I'll give you a training doc with paper work examples and negoticating tips.

Best to all, curt

  • Curt Smith
  • [email protected]
  • 678-948-7151
  • Loading replies...