Investor Says He Won't Sign Nondisclosure Or Non-compete
Is this normal. I am just starting out and an trying to line up potential investors. The very first one I called I asked him if I contacted him about a property should I have a contract ready for him already of what did he need. He said just tell him the price offered on the property and the repairs needed. I asked him about signing the statements and he said no he wont If I dont trust him go and find someone else. Is this normal? Please advise. Thank you. 
I'd like to know what the view on this is too.
Also, what type of contracts are we looking at. Are there generic kinds out there? Or simply drafted from scratch to cover certain specific details? If so what 3,4, 5 (whatever amount) of details does a bird dog want to cover????????
Really new, put really serious about making it happend.
Please advise...
Personally I wouldnt sign either one until I had the address and was ready to make an offer. You can tell him all the info about the property except the address and still keep your position pretty secure. Once he has agreed that it is something he is interested in then go forward with the document shuffle. But as it stands just to get the numbers to see if its worth my time, I wouldnt sign anything. Set up a relationship first, then seal the relationship with the documents.
What you have essentially done is said to him that you dont trust him. What you need to do is make friends and then the documents are to make sure you two stay friendly.
Good Luck,
Kyle
I'm sure there are other ways of thinking but personally if someone shows me to a deal that I can make money on that I wouldn't have found normally, I would have no problem giving some of my profits to this person in hopes that he will bring me more!