All Forum Posts by: Scott Johnson

Okay, here's my newbie question - 

I plan to purchase vacant land from owners that are out of state and tax delinquent. Since these owners would not be local to me in most cases, I would use a mobile notary service to finalize the transaction.

For my purchase, I would use the contract available from US Legal, found here:

http://www.uslegalforms.com/us/US-00472B.htm

My question: is there a place where I can get a layman's explanation of what the meaning is for the various sections of that contract, and how they should "typically" be completed before I send it to the seller?

Thanks.

Thanks all!

Newbie at real estate. I have owned my own business for a long time though.

Here's my plan: I am going to get a list from a county here in Florida, of tax delinquent properties. I will filter it out so that I am only mailing out of state owners of raw land assessed between $1000 and say $30,000. My mailer will offer to purchase their land at a deeply discounted price (since they probably don't want it any more anyway).

My question is this: I need to know the step-by-step process, and the documents I need to use, when a seller contacts me back and says "Yes, I will sell at that price". What do they need to sign, what do I need to sign, what needs to be notarized, how do I get the deed, what needs to be recorded at the county, all of those basics. I know I can hire a mobile notary service to deliver the paperwork to the client and get signatures, etc.

I know this is simple stuff for most of you guys but I just have not gone through the process myself. But I know if I send out mailers on a consistent basis I will eventually get some deals. Just need to know exactly what to do at that point. Step 1, Step 2, that kind of instruction.

Looking forward to taking consistent action and making this happen! Thanks in advance.

Scott
Safety Harbor, Florida

Thanks Ryan!

I'm in Florida and looking to get started in wholesaling. Where can I download the actual document I use as an option to purchase from the seller (which I would shortly thereafter assign to my buyer)? 

Is there an online resource for a variety of real estate related documents?

Thank you Ana, that was a very insightful and useful answer. Much appreciated.

Same question here - sales pitch makes it sound pretty simple, and it's not expensive at $97, but why have we not heard from anyone here who has actually bought the course and done a deal with this strategy?