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Updated about 18 years ago on . Most recent reply

User Stats

57
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0
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Chanel Realegeno
  • Real Estate Investor
  • SF Bay Area
0
Votes |
57
Posts

Need sign the contract?

Chanel Realegeno
  • Real Estate Investor
  • SF Bay Area
Posted

Hey everyone!

Alright so I have been building my list of buyers for awhile and the other day while driving through my neighborhood I spot a fire damaged home with a for sale by owner sign in the yard. I call the guy ask a few questions and check out the house. I make a call to an investor who buys fire damaged homes and asks if he is interested. Of course he says yes.

Now the problem is, I don't know how to "tie up" the property. I haven't told the investor the address or phone number of the guy just so I don't get scammed. I

I want to wholesale this house but I'm not sure what contracts I need to have.

Do I sign a contract with my name on it but with clauses that are in my favor?

How do I prepare the purchase agreements?

I'm totally lost!

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