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Updated almost 10 years ago on . Most recent reply

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199
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Dominic Jones
  • York, PA
58
Votes |
199
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So Many Contracts...

Dominic Jones
  • York, PA
Posted

I have found another motivated seller who is willing to get rid of their city property for 13k minimum (market in my area for city property for investors to pounce is 5-15k). He had it advertised for 17k. So it fits the $ range of what I'm willing to get under contract and market to buyers.

Property needs full rehab on the bathroom, appliances and cosmetic work for the kitchen.

I have started looking up contracts but I'm just not very familiar with the language and which contract I am to use to tie up the property to then give me comfort in marketing this deal as "my deal" to my buyers list.

Should I be using a assign 2 contract or a regular sale and purchase agreement? I'm really confused but if anyone could offer me advice here and links to contracts they use for this stage of the deal, I would greatly appreciate it.

Most Popular Reply

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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,112
Votes |
10,252
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

No told you-so's from me.  Look what you have learned so far.  Contracts, contractors, who to avoid, it's awesome.  You have helped folks, here, too.  I enjoyed following this thread and appreciate how much you interact with and engage your responders @Dominic Jones.  Glad to have you here on BP.  I see great things for you!

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