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All Forum Posts by: Ashley Hightower

Ashley Hightower has started 1 posts and replied 13 times.

I'm in Dallas Tx too, forgot to mention!

Hey Omar, my husband and I started wholesaling last year, and I am actually a Realtor as well so I am very familiar with the TREC contracts. Right now the TREC contract is automatically assignable. You do NOT have to do anything special to it in order to assign your contract to someone else. In the first paragraph as "buyer name" you could put "name of company and/or assigns". But it's completely unnecessary and just causes alarm sometimes with the sellers. From my experience sellers love seeing documents they are familiar with, and not having a lot of stuff added to it. You will need an assignment contract though, I would advise against a short one page document for an assignment. Ours is currently like 4 pages and we have added to it after a few scenarios that we ran into. So you would fill out the TREC contract, just like you would as if you were actually purchasing the house from the consumer. Most people feel more comfortable that way anyway since you are using a TREC contract. The ONLY addendum's you will need is Lead Based Paint (if the house was built before 1978). I also give every seller a seller's disclosure, even though it's not really required I tell them it just protects them and so it can't hurt for them to fill it out and that builds a lot of good trust with them. Any other questions, let me know! The contract is a lot easier than you think, don't try to overcomplicate it or else people will get on edge and think you are trying to do something shady.

Post: Local meet up in Dallas

Ashley HightowerPosted
  • Posts 13
  • Votes 15

Hey Craig, my husband and I started doing REI in Dallas this last year. It looks like you do rentals mainly? We started out wholesaling and are starting to move into flipping as well. Out of curiosity, what do you look for when you buy a rental? Like how do you decide what price you'd need to buy it at? We are coming across a lot of great potential rental properties and we aren't too sure what we can afford to wholesale them at.