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Updated 2 months ago on . Most recent reply

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12
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Carl Richardson
  • San Antonio, TX
1
Votes |
12
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What contract or forms do I use for wholesaling deals in Texas?

Carl Richardson
  • San Antonio, TX
Posted

  I am a new investor from San Antonio. I am currently trying to start up my business and do some wholesaling ! I am not sure what contract or form i would need to be using to get a property under contract. Some help would be nice ! Also, if you are a investor in the San Antonio area, i would love to connect with you ! Thanks guys.

Most Popular Reply

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2,850
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,488
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2,850
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

Real Estate Agents in Texas MUST use the TREC forms, but anyone CAN use them also. I have used them for over 10 years. The one to four is a very comprehensive contract that covers everything and even has room for special provisions when something out of the ordinary needs to be spelled out.

When doing not so normal purchases like a sub-to, I dont use the TREC, but one that I created from several other contracts. Contracts do not need to be prepared by an attorney. A contract is just an agreement between parties. It can be hand written with the terms that both parties are agreeing to. Signed by both parties and consideration given.

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