Hey all. Ive been reading for a few months now and im ready for my first deal… I happened to have one fall into my lap. Its a run down house that needs a lot of work. After rehab I stand to make 20K on the deal. I am meeting with someone tomorrow regarding financing, but I dont think it will be a problem. My issue is, Me and the Owner (who lives out of town) have an agreement, but I would MUCH rather get him to sign some paperwork to guarantee this deal goes through. I havnt had a chance to get with a lawyer (My lawyer is out of town for the holidays)… are there any “generalized” forms/contracts I could use just to atleast hold our agreement we have made? I keep reading to carry paperwork with me… What sort of forms/contracts should I be using? Anything you can point me to/send me will be very much appreciated. I look forward to your replies… If im going about it the wrong way, please correct me
Thanks in advance… GREAT SITE!