Necessary Forms To Close Deals
If this question does not give it away, I am totally new to REI.
In some of the courses I have looked at, they state that it "includes all the forms needed to close any deal." Where can I get these forms without paying $$$$$ for some BS course.
There are so many ways to do a deal. I dont think there is a package that has forms to close any kind of deal.
The easy answer is: pay money to get the forms that you need. Get them from someone who is reputable and has used them before.
dhousley,
Glad to meet you.
Now which forms do you want the ones that are state specific and attorney approved which someone paid their money to get these forms, but you deserve to get them for free?
Maybe you want the generic forms that you can get for free, so when your seller decides he didn't like the way you did the deal he can take the house back?
You don't want to buy some BS course, can't say I blame you because with your attitude I know what you would do with this paper and it wouldn't be buying houses.
John $Cash$ Locke
I bet paying for a course is still better than going to an attorney for each and every form.
My only specific advice about WHO's forms to get is based on what style of investing you wish to do and who's information you have read.
If you feel strongly that the material you have read is from a legitimate source. A true RE investor, then you can use those forms. They probably have a clause or two that protect YOU as an investor.
If you want a generic contract that you know is useful in your specific state, then you may ask a realtor or mortgage broker. If you develop a good relationship, they may give you one.
Go to your local RE Investors club and ask around.
Many ways to get forms.
N.
john,
Didn't mean to come across with an attitude at all. By the way the course I was referring to was Robert Allen course for $3000. I was told in not so many words, by countless that it was a flim flam course and a waste of money.
Things could be learned here on this site for much cheaper than $3000....usually for free.
I guess I was wrong in assuming that there are forms out there for free too???
I didn't mean to offend you as it seems that I did. I respect your endless knowledge and great posts....as I have read most of them.
(However, I didn't particularly like your response to my honest inquiry)
Your candor is appreciated,
Daniel
$$$
Daniel, you did not offend me, what you got was a wake up call, I have followed your posts and can see the frustration in them. Just thought that I should give you a gentle tap upside your head to wake you up.
It is difficult for the new person to know who to trust and put their faith in and I understand this. You will get many different answers about any course writers materials.
The question should be how committed would you as an individual be to following what any course writers material told you to do to be successful?
John $Cash$ Locke
$$$
[ Edited by JohnLocke on Date 02/07/2004 ]
dhousley,
It is commendable that one seeks the fast lane in getting from A to B.
It is true that good forms are often self-explanarory, as they supply enough information enabling exceptionally gifted persons not to have to seek education from the more experienced among www.us.There are many deeds that distinguish ownership and legalities in a Real Estate transaction.
I am but a student myself.
It is therefor, with my limited knowledge in the matter, that I recommend that as a Newbie you avoid at all cost to receive a
cerificate called
I gnorant
D eed
I ndicating
O verbearing
T raits
as the ownership of that is not easily transferred.
Welcome to RE Investing.
[addsig]
Thanks for the advice Hawthorne.
Learning more everyday! Fortunately I have recently found a great course that is inexpensive and includes all of the Forms vitale for investing in Real Estate...Not to mention personal tuteledge by a legend and proven real estate genius.
The advise on this site has saved me thousands and taught me more than I could have ever learned in a Robert Allen seminar.
dhousley,
Glad to meet you.
Just wanted to point out that you're likely to get responses for "free" forms like John's as most active investors have invested both time and money perfecting their particular forms/contracts to be state legal and specific to their methods of investing. So when you ask to be given these, it does come across as a bit disrespectful, both to the investor and the real estate investing circle. No offense intended. It's just a lesson learned.
While getting a course with forms is a good start to guide you in your quest for contracts, always, always have the reviewed by a knowledgeable local real estate attorney. Even the best course contracts may not be legal in your state, and unlike Neil's idea that it's "better than going to an attorney, " I seriously doubt that the course writer will defend it, or you, in court, if it came down to that.
Roger
Roger,
Thanks for the heads up! I did find that out quickly, as you said. In no way did I mean to be disrespectful. As I mentioned before...so many people told me that I didn't need to waste money on the Robert Allen training because TCI has everything you need.
I honestly expected that I could get the forms here too! After all, there are posts after posts on where to find free foreclosure listings.
Nevertheless, today marks my first week of intense forcused REI quest for knowledge. I have learned this lesson the hard way.
Thanks to all for showing me the ropes!
And again, I am sorry for offending anyone....
Money is important in this business, especially saving it.
A think that what people were telling you is that it's much better to get the basics here for free than spend $3000 dollars on a seminar/course.
Real estate investing, at it's core, is a very simple process. Find a house, buy a house, fix a house, sell a house. And whatever method you choose, there are pretty standard ways to do each section.
So, it's much better to get free, or cheap books as opposed to expensive courses that will all tell you basically the same thing. As you become more experienced, you'll be able to tell if some course/bootcamp, etc, will be helpful to you or not.
Roger
dhousley
Glad to meet ya. I have 1 word of advice about RE forms - Get John $CASH$'s subto training course, which comes with all the forms you need. Then go to atty. and get them modified to fit your state. Cost me about $350 total. 10% of the other course you were looking at, and your forms are state specific. WELL WORTH IT
He gets you through the hardest part of the buying process also, WHAT TO SAY, not just how to do it (which he covers in detail also). I highly recommend it.
Sam
In my state, TX, there is a website called the Texas Real Estate Commission. It is wonderful! It is a state supported real estate investing website with all the forms and contracts needed, free. I suppose you could print some off of there and make them legal for your state.
"Our mission is to assist and protect
consumers of real estate services,
thereby fostering economic growth in Texas." TREC
Locate your local Real Estate Investors group and see if OK has a service like this.
actually there are alot of places to get forms. just goto your favorite search engine and punch in real estate forms.
i have a whole disk full of forms.but i also paid my dues and bought a course.
[addsig]
I use two forms a check and deed. Actually the seller provides the deed so all you need is a check. If you need a contract or something like that you cal get them at title companies or agents office or on line at local real estate commission. The hardest for to fill out is the CHECK
Good LUCK and Thank You
Hope this helps some
Ted Jr