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Updated over 2 years ago on . Most recent reply

Need Help Adding Creative Finance to a Standard Sales Agreement.
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
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- Rental Property Investor
- Clarkston, GA
- 1,918
- Votes |
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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