All Forum Posts by: Account Closed

Josh Compton Thank you, Josh. By the responses I've gotten, my mindset regarding the $500 for a lawyer fee changed completely

Bob Estler I absolutely will. I appreciate your helpful, reassuring input.

Ned Carey - I did get a sense of ignorance just talking to this guy. I'm grateful I could run my concerns through bigger-pockets. Thank you for simplifying and answering my concerns. I really appreciate it.

Wayne Brooks That's what I'll do then. Thanks a lot I appreciate the advice.

Wayne Brooks Honesty is what I'm looking for so thank you. The way I look at it I could spend $250-$500 on a lawyer to look over every one of my $10 binding contracts and potentially lose that money and the deal if I don't find a buyer or I could find myself a legitimate and simple contract and if something is wrong I only lose the deal and correct my errors for future deals without losing $250-$500 for a lawyer. Does my weighing of options seem legit? What's your opinion?

David Rundle The lower I can get my expenses the better off. I like the idea of making up my own contract as well. Thanks for your opinion and advice. One more question if you don't mind- what is the potential risk beside losing the deal?

David Rundle I'm not sure. How would I find that out? Are either of you familiar with the wholesaling contracts under fileplace above? They have a purchase and sale contract and also an assignment agreement. They seem legit to me. You're more familiar with contracts then I am though. What do you think?

@Josh C.

Thanks, Josh. I called a title company and they had told me it is illegal to write your own contracts and present them to the seller. Maybe he misunderstood what I'm trying to accomplish.. Why do you think he would say this?

If I am making an offer on a property do I need to pay a lawyer to prepare a binding contract or can I legally create my own? How does this process work?

P.S I do not plan on closing. My goal is to wholesale the property.

Thank you ahead of time for any input

-Rob Z

I appreciate it, Ned.