Contract Law 101No contract exists without consideration from both parties.Legal Elements of a ContractThe essential elements necessary to form a binding contract are usually described as: • An Offer• An Acceptance in strict compliance with the terms of the offer• Legal Purpose/Objective• Mutuality of Obligation – also known as the “meeting of the minds”• Consideration• Competent PartiesConsideration is an essential element of any valid contract.

Simply put:Colleagues: Individuals you want to mutually connect with are known as “colleagues”.

Perhaps we can come to a> mutually beneficial arrangement?

If BiggerPockets has been beneficial to your real estate investing or to your business, please get in touch and hopefully we can feature you in our list of case studies.It is a great way to get yourself some exposure and to give back to BiggerPockets.We look forward to hearing from interested parties!

Remember its about providing them beneficial services just like when you're making offers to sellers.

Learn how to do title searches yourself, it will be beneficial if you know how to read all these documents and know what to look for.

Originally posted by Bill Gulley: the SLO is by far the least desirable contract, a straight lease option would then follow, a contract for deed would be better and the Sub-2 would be the best since title is conveyed.I would agree TOTALLY to this, but add...If acquiring - controlling, Sub2 - best, then, it depends....Lease Option AssignmentROFR (Right of First Refusal) and a leaseContract for Option plus leaseContract for DeedWrap Around Mortgage - All Inclusive Trust DeedLand Trust - Assigning Beneficial InterestAll the above have strengths and weaknesses.Then LASTLY Sandwich Lease OptionYou need to be a sharp REI with amazing systems in place to do a volume of these.

Most rehabbers that i know don't pull permits for anything other then serious structural work that changes square footage (room additions, expansions) and other new beneficial additions that need to be reflected on the title or public records (new HVAC with ductwork, changes of gas water heater to electric, etc).Hire a good good licensed contractor to give you an unofficial honest opinion for a nominal fee, make notes of everything he says, then hire an official inspector, see what he finds and also point out the things contractor mentioned to discus further.

While you many not need a real estate license, you will find having as much or more classroom hours will be very beneficial.- Even more important is great knowledge in the segment that is your primary focus.- Laws are unique in each state.

Tripling your W-2 in 2-3 years is absolutely beneficial for your long term success.