All Forum Posts by: Christopher Rodriguez

State Contracts

Basically, what I propose to Investors (and particularly Realtors® who Wholesale) that they use their State Approved Realtor® Contract (if available).

As wholesaling primarily is NOT "flipping houses" as you many times will assign the property for profit (which is not "flipping" but "assignment of contract"), the quality of the PAPER you sell becomes paramount.

If you are using some two page contract you downloaded from a Internet guru somewhere.

Will it work? Sure.

However, if you want to be able to wholesale your deals to Realtors®, or their buyers, then you ought to use a State Contract.  

Problems Eliminated..

Using a State Contract also eliminates many of your problems in advance. Disputations between Sellers and Buyers are usually spelled out in great detail.  Oftentimes, these contracts are extremely buyer friendly or could be made so if you modify the contract to meet your needs.

The problem is, the benefits of using the State Contract aren't always immediately visible.. and when you are new, or a scaredy cat Investor who won't upgrade your services to your public, then you won't learn the State Contract inside and out so that you know it better than anyone.

By knowing your particular State's Contract better than anyone else, by priding yourself on knowing the rules, you can use them to your advantage. 

However, it's not easy.  Just like the Matrix. Some rules are hard and fast.. like gravity. Others can be molded to meet your needs.  

Such is the way with contracts... particularly State Approved Realtor® Contracts.

They Give You Power!

Have a Powerful Sales Day!

I thought this was interesting ... now that I am on the lookout for Real Estate investing ideas .... I think I may have come upon a new niche.  Just down the road from my house is one of those yard signs declaring "WE BUY BARNS"!!   I giggled to myself and thought .. 'You know you live in the country when ...'

Maybe I am missing a hot new market in my area!!  Anyone else?!  :-)