Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Results (10,000+)
Nancy Curran Please I need a quick lease with option to buy tutorial!
3 May 2015 | 7 replies
I would start off with getting a letter of intent to lease and to optionThen just put landlords name property name amount of rent which should be market rent, 3% option fee of 85,000 would be 850×3, non refundable, 12 month lease with renewable two 12 month terms, subject to the laws of Chicago Illinois and the current homeowners associationHave him sign it and you sign it and get it notarizedGo to mailbox etc. or some other place to get notarizedThen send it to your lawyer, and get first and last months rent +3% option fee now not later
Chad Kamerad Does anyone know a good RE attourney in Springfield IL?
28 November 2016 | 3 replies
My lawyer was professional enough to tell me i would be better served by contacting an attorney that specialized in RE law. 
Adam Amero Wholesaling Contracts
4 May 2015 | 2 replies
Hopefully they can help, if not, they may point you to another wholesaler who's currently doing transactions with them, as @Mike Watkins advises, or they'll tell you which of the local lawyers have the info you need to get started.Good luck
Mike Girard Cash buy --> Rent out --> Refinance?
7 May 2015 | 6 replies
All you need is a little understanding of the technique, a RE lawyer, and a motivated seller. 
Eric Blackford Getting your agent to be truly on your side
12 May 2017 | 38 replies
I'm not a lawyer and I am new to being an agent...but this would most likely be considered a "Net Listing"  and in most states is considered illegal and unethical. 
Jason Smith How do I finance 6 buildings?
12 May 2015 | 6 replies
the big time lawyer owner won't release any information.  
Zachary Lynn My current wholesaling game plan -- feedback much appreciated!
4 May 2015 | 2 replies
Do comps, and estimate repairs, and make them a 'cash' offer.5) Get a lawyer (probably step 1 lol) and get a contact written up which is assignable and gives me outs if need-be.6) Unload contract to whoever offers best or bites first at reasonable profit. 
Sanandia A. Probate Real Estate Investment 101
5 May 2015 | 1 reply
Where can I find Probate Real Estate (Contracts) templates to get letters out to Lawyers and Executor, once I obtain a list?  
Scott Nipp About to FSBO with owner finance our current home...
14 May 2015 | 17 replies
The flip side of doing this is that I think this starts getting into a possible grey area of criminal fraud but I'm not a lawyer and don't even play one on TV so what do I know.
Matthew Rue Closing Question
6 May 2015 | 10 replies
You might be able to do the closing with a Real Estate lawyer, but I think the costs would be similar.Are you financing the property or paying cash?