Sales Contracts, Deeds???
I'm brand new to this sight and practically brand new to investing. The only property that I have actually purchased is the home I curently live in, it was a foreclosure that I purchased 2 years ago for $179,000. It just appraised 3 months ago for $330,000.
I've been thinking about doing investing for years and now I'm ready. Well...sort of. My goal is clear...pick-up property to flip for a profit. My problem is forms. What forms do I need? I know I need a sales contract, but what is a good general contigency clause to keep me safe in case the deal goes sour?
I'd like to know what are the general forms etc... that I will need to start doing this.
Thanks in advance,
Jefff Carey
Jeff,
There are many forms you will need in your life as a real estate investor. I purchased a book in 1995 called 301Legal Forms & Agreements. This book has every form I ever needed and then some. Last year I have to go on line to buy another book. I used the last one so much. Most stores will try to sell you one form at a time. I think this is the best investment I ever made.
GOOD LUCK!!!!!!!
Lori
[addsig]
And just in case show your forms to your lawyer. You do have a lawyer, right?