All Forum Posts by: Justin Conza

 I'm not sure i follow... once i find a motivated seller and get the house under contract, when do i get the title company involved? Only at the very end after contracts are filled out? And must i used their contracts? or can i use my own with the necessary exit clauses?

Investor friendly title companies seem far and few between here on long island and this company was recommended to me. 

I just really want to get the contracts and title agent straightened out before i jump into my first deal.

I have my own contracts, but i was told i have to use theirs. 

I was reading through their purchase and sale agreement and it says this

"This contract may not be assigned by Purchaser without the prior written consent of Seller in each instance and any purported assignment(s)"

I wasn't sure if this was normal in a purchase agreement. 

To be honest i'm not even sure i'm going about this right. I was told that they handle contract assignments and that i need to use their agreements, but what about the necessary clauses to back out in case the deal goes sour?

I might be overthinking it. Any guidance would be much appreciated

In my search for an investor friendly title company I have finally found one that will work for me. In their purchase and sale agreement they state that the contract cannot be assigned from the purchaser to another purchaser, corporate entity, etc. without the prior written consent of the seller. That the seller must concede in writing in the assignment of the contract.

Is this a normal thing to have in the purchase and sale agreement? 

Is there any need for using these documents?

Affidavit of Liens

Due on sale disclosure

Property disclosure/disclaimer

These are pulled from http://www.biggerpockets.com/renewsblog/2011/06/26...

This is perfect thanks so much Brian! 

Now i just need to find an investor friendly attorney/title company.

Hi, My name is Justin and I'm a newbie to REI but I am very eager to get started investing.

My background is in IT as a Systems admin and I've had my hand in a lot of other smaller business ventures. Now i am really trying to learn as much as possible about REI so i can put my best foot forward. I'm just about ready to take the next step, but i need some clarification.

I've been up and down forums, blog posts, videos and books and I am still unclear as to exactly what paperwork is needed for wholesaling lease options. 

I'm Located on Long Island, NY and want to get this all straight before i begin calling leads.

I guess my main questions are as follows...

1. Do i need a separate lease agreement and separate option to purchase, or should it just be one solid document?

2. Is the letter of intent something entirely different from the lease and option to purchase?Is it a necessary document?

3.is it possible for someone to list all of the documents thats are recommended when wholesaling lease options?