A Hybrid contract of sale... a way to close more transactions by joint venture A commercial contract of sale, 3 pages with special buyer requirements related to environmental conditions, existing suppliers, surveys, buried oil tanks and other conditions that must be known to make a profitable and safe transaction An option agreementAn informational pocket pack with 52 options to financing and control a building without conventional financingBlank checks, pens, carbon paper, A list of referencesDisclosures for lead paint and other state or federal requirementsCell phone with camera to take pictures of the nice things and negative aspects of the property and to take a picture of the contract to email confirmation to seller and to your title company or lenderA gift, something for the seller to remember you by, I give Indian Head Nickels away, pens, note pads.Blank addendum forms - these are used to attach to your purchase agreements (you don't want a lot of chicken scratching on your contracts; use them to write some of the following; 1.

And what is "equitable control", please find me a legal definition that will stand up in a hearing and/or court proceeding.Nick Actually HUD does supercede some state guidelines like Colorado's law that all houses that sell must have carbon monoxide detectors. 

PICK TWO, BECAUSE YOU WILL NEVER GET ALL THREE.On top of the above make sure your unit(s) have smoke alarms, commercial (re-certification capable) fire extinguisher, carbon monoxide detector if needed, and SHOW your tenants where to shut off the water supply.

Its pretty easy and quite a rewarding experience.Taking Action,Kevin Carbon

And just to be more ambitious, this is the list of everything I want to do:- Clean all the junk and debris from the house and yard and demo the shed in back- Replace the roof and fix the gutters/soffits- Landscaping- Replace all the windows with double-pane vinyl windows- Replace all the floors in the house (ceramic tile for the kitchen/bath/laundry room, and vinyl plank for the living room and the upper level)- Re-do the bathroom with new everything -- plumbing, tub, shower surround, floor, sink/faucet, toilet, mirror, accessories- Re-do the kitchen with new cabinets, counter tops, and sink/faucet- Paint the entire interior (white ceilings, beige for walls, white for trim)- Replace all the light fixtures, outlets, and switches- Replace the front and back doors and put in new locks- Add smoke detectors and carbon monoxide detectors as required- Finish off the upper level (that was begun by someone else)I want my rehab budget to stay at or under $30,000 and I want to complete everything within 2 months from closing. 

We were told the property needed a carbon monoxide detector and to have two electrical outlets stabilized.

One of the outlets houses the carbon monoxide detector and there is no other place to put it limiting the outlets even more.

@Kevin Carbon is hosting one on Monday the 31st down in Tacoma, and @Troy Fisher is hosting one in Bellevue next...Friday the 4th I believe?

Electric dryers can be unvented because no carbon monoxide is created.

Either way, make sure you get in contact with @Troy Fisher and @Kevin Carbon and @Tiffany Plovie for invitations to the local real estate investor meet-ups.