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Updated over 5 years ago on . Most recent reply

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Joshua Nabours
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Votes |
7
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Wholesaling in Texas

Joshua Nabours
Posted

Hi everyone, 

I'm new to the real estate investing and I'm wanting to better understand the TREC contract that we have here in Austin. I still cannot wrap my mind on how it works and was looking for an example.

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120
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Adam Mitchell
  • Rental Property Investor
  • Richardson, TX
82
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120
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Adam Mitchell
  • Rental Property Investor
  • Richardson, TX
Replied

@Joshua Nabours when you write a contract you will add your name as the buyer with this very important addition: and or assigns. This phrase give you the ability to assign it. We do $10 earnest money so if the deal doesn’t close that is what you lose.

I would also like to mention if you are looking to wholesale, focus on marketing. Marketing is the only thing you need to do when starting out. You will figure out the rest as you go. Without any deals to look at, how will you learn?

Any questions Im here in Dallas.

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