Deciding on which purchase and sale agreement form to use can be confusing for real estate investors. Selecting the correct form is easy with guidance from an expert real estate investor. Should investors use the long or short form agreement? An educated and well informed property investor can save a tremendous amount of time and money...
Hello, this is Marko Rubel with Unlimited Funding Program, the authority in real estate investing. Today I've prepared a short tutorial explaining when to use the long form agreement and short form sale and purchase agreement. Here are some real estate investment strategies you can use when establishing your business.
''Janet is asking on the purchase and sell agreement, the short form or the long form: which one they should use?"
''We have a purchase and sales agreement that's a short form, one page legal size, and a long form. When you're buying a house that's subject 2, you want to use the short form because it doesn't matter how long it is if you don't get it signed. Use a short form. It's less threatening and you'll get it signed. Obviously make sure you have it on a two-piece NCR and all that as we teach you.
Long form, if you're planning on flipping the house, wholesaling the house, or assigning the house, then obviously you want to have more terms in that. You want to use the long form. The long form protects you more. It protects your buyer that you're going to be actually assigning the house too.
If you're doing a house where you're putting a lot of cash in the house or you're going to be assigning the house to someone, in that case, yeah it's okay if you use the long form. The difference is -- go ahead Mike.
One of the options is a short-sale and is upside down.
If the house is a short sale and it's upside down then pretty much you can use any contract. They don't have a choicer they're going to sign anything. It depends on who is doing the negotiation. My negotiators in the office, we basically use the real estate realtor's agreement, the standard department of real estate agent's sales and purchase agreement. Whatever they use, we use that. Then when we submit the package to the bank, it doesn't look unusual. It looks everything like it is. Plus, as I said, my negotiators are licensed agents. I had a lot of them, now I don't. That's how you do it.
Yeah. Wayne is saying, "I've already watched module 13 four times. It's so great. Repetition equals permanent learning. Thank you so much.
Wayne, this is a good point because when you watch things, they say, "Repetition is the mother in study." There's a lot in that saying that's been around for thousands of years because it's true. If you repeat those modules and you study them, you will learn. Guys, study is important. Learn all that you can about your business, including when to use which sale agreement.
You know what? Studying without going out without implementing and practicing again doesn't get you far. You're armed; just get out on the appointments."
Hope this bit of info helps you reach your goals investing in real estate!
And if you want to know how I made millions of dollars flipping houses, go to my website right now for your ''Free Success Kit''
In Conclusion, remember to use the short form when dealing with subject to property and the long form when you plan on flipping the house. The purchase agreement and sales agreement are designed to protect all parties including the investor. You can apply these basic marketing principles to all of your real estate investments.
If you want to learn how to INVEST in Real Estate -- and you REALLY want to make money -- you need to go to my website right now for your ''Free Success Kit''
I hope you found the information in this video valuable and informative. Please leave your comments and questions below! Good luck with your next real estate investment!
Thanks for watching,
"Share with all of your friends on Facebook !"
Facebook Page: https://www.facebook.com/pages/Marko-Rubel-Master-Investor-Author-Speaker-Coach/137108739659709
Ask me a Question? http://www.realestatemoney.com/contact/