🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻....I am believing that this will be a MAJOR help getting people over a MAJOR hurdle to get them to their first paycheck❗️❗️...MAJOR KUDOS Jamil❗️🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻
Thank you for such great content! This has definitely helped bring me some confidence. Can I get a copy of those contracts please? Thank you again for the great information!
How long should we put for closing due date? Is the longer the better since you have more time to find as buyer? Or shorter the better so they can’t cancel? What is the avg you do or would advise us to put
Choosing a closing due date involves balancing factors like deal complexity and your needs. A longer period allows more time but may bring uncertainties, while a shorter one adds pressure but limits cancellations. Find a balance that fits your goals and property specifics.
What if we are doing our first deal with on market properties with an real estate agent and the seller accepts your offer and you also found a buyer that wants it (all in the same hour!!!).....do the real estate agent draft up the purchase contract and then I have to write up the assignment contract and email that to the agent so she can submit it with her purchase contract? I ran into my first deal and I am a deer in headlights, been studying this for 5 months and decided to finally take action and got a deal in a snap of a finger, 2024 is going to be life changing for me, FINANCIAL FREEDOM, here I come!!!!!
May I please have a copy of these contracts - my husband is asking me to ask you for ‘contracts’ - I have no idea what he’s asking about… But thank you 🙏
Hi, I have some confusion about the Escrow and title company part. As someone learning wholesaling, when / how do we get this info or do we need to have a company that we work with or would be working with?
Hi! You choose an escrow and title company once you have a property under contract. It’s helpful to work with companies recommended by real estate professionals or those experienced with wholesaling. They handle the title search and ensure a smooth transaction. Start looking for one early in the process to streamline things.
In a multi house deal let’s say 3 🏠’s, from a private seller, are we doing a purchase and assignment for each house? Or 1 purchase and 1 assignment for all 3 houses ?
When signing the Agreement to Assign Purchase Contract, does the buyer not need an addendum? For example to verify that the property is delivered empty?
When signing the Agreement to Assign Purchase Contract, the buyer should include an addendum to verify specific conditions, like the property being delivered empty. This addendum should: Specify Conditions: Clearly state that the property must be vacant at closing. Be Reviewed Legally: Have legal counsel review it. Be Mutually Agreed: Be signed by both the assignor and the assignee. This ensures clear expectations and legal protection for both parties.
I don't have IG. But I need. A. Legitimate set of contracts to go off as a template at least. I've. Got a plethora of open RE here and tons of buyer potential. But no capital for legal drafters
You should generally use full signatures on contracts for them to be legally binding. Initials are often used on specific pages or sections to confirm agreement to certain terms, but they do not typically replace the need for a full signature at the end of the contract. Signatures ensure the document is valid and enforceable, while initials confirm that each party has reviewed individual sections. Always check local laws or consult an attorney for specific guidance.
so I need to sign purchase contract with seller 1st, then look for end buyer and sign assailment contract with end buyer, right? so WHO will do the inspection report? me or end buyer?
Hey Jamil, I was wondering why you have the Buyer in the Assignment Agreement give the Title Co. permission to give you a copy of the HUD at closing. I think you accidentally skipped over that last line in the video. Thanks again!
For the terms of acceptance on a purchase agreement, it's usually best to fill it in. This outlines how long the offer is valid before it expires, giving the seller a clear deadline to respond. Leaving it blank could lead to confusion or delays, so I recommend adding a reasonable time frame, like 24-48 hours, to keep things moving smoothly.
Thank you so much for this info. Super helpful. Does the buyer get a copy of the contract so he knows what he is committed to, and if so, do I give it to him or how does he/she get it?
"Contracts YOU NEED for Wholesale Real Estate." Everything you need to know and the contracts are in the description. - th-cam.com/video/v4Rq6MAXFHk/w-d-xo.html
Thank You!! Exactly what I was looking for bro 🙏🏽 Question what happen if purchase contract is cancel. Do I cancel with the buyer and will keep the earnest money?
Hi! Thanks so much for watching the video and supporting Jamil's channel. Jamil Is very busy and doesn't have time to answer every question, but if you join the FREE Astroflipping FB group the Astro members would love to help you with an answer. facebook.com/groups/astroflippingpublic/
BUT THIS CONTRACT HAS YOUR NAME ON IT, YOU MEAN THIS IS THE CONTRACT I'M SUPPOSE TO USE BUT IT HAS YOUR NAME ON IT, IS THERE A CONTRACT THAT DOESN'T HAVE YOUR NAME ON IT AND IF IT HAS YOUR NAME ON IT WOULD THE DEAL HAVE SOMETHING TO DO WITH YOU, I'M NOT UNDERSTANDING?
The following key elements should be mentioned: Assignment Rights: Clearly state that the buyer (wholesaler) has the right to assign the contract to another party (the end buyer). Assignment Fee: Specify the fee the wholesaler will receive for assigning the contract to the end buyer. Notification of Assignment: Include a clause that requires the wholesaler to notify the seller in writing if the contract is assigned. Release of Liability: State that the original buyer (wholesaler) is released from any further obligations under the contract once the assignment is completed. Seller’s Consent (if applicable): Indicate whether the seller’s consent is required for the assignment to take place. Closing Procedures: Outline how the closing will be handled once the assignment is executed, including any necessary adjustments to the terms. Assignment Deadline: Specify any deadlines by which the assignment must be completed. Including these elements ensures that the assignment process is clear and legally binding for all parties involved.
Thanks Jamil it's a crucial step that RE gurus take it for granted that everybody knows in explaining Wholesale or Creative Finance. I appreciate your video. I am waiting for your contracts after sending a message on your IG account, thanks.
That's unusual; our typical response involves sharing the TH-cam video along with contracts in the description. "Contracts YOU NEED for Wholesale Real Estate." Everything you need to know and the contracts are in the description. - th-cam.com/video/v4Rq6MAXFHk/w-d-xo.html
This is the most comprehensive of all Assignment of Contracts I have read. Thank you.
You are very welcome!
I am Awesome Jones! Thanks for this video Jamil...good info!
Love this. The paperwork can be intimidating for sure. Thx JD!
Of course!
Thank you Jamil 🚀🚀🚀
Wow! Just wow! Thank you
Amazing man, you giving away what I have paid 1k for!!! Thanks for sharing all your knowledge!!!
Boring videos are the best THANK YOU
Very helpful thank you jamil!!
Glad you find it helpful Dalton. Thanks!
🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻....I am believing that this will be a MAJOR help getting people over a MAJOR hurdle to get them to their first paycheck❗️❗️...MAJOR KUDOS Jamil❗️🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻
This is EXACTLY why I do it!
thank you, excellent advice
Thank you JD! I have 2 potential deals and need this kinda content!!
This has helped me a lot! Thanks
Glad it helped!
Is there any way you can provide a link to download those same contracts to use? Much appreciated.
Great explanation Jamil!
Very informative thank you
Very welcome, thanks for watching!
Thank you for such great content! This has definitely helped bring me some confidence. Can I get a copy of those contracts please? Thank you again for the great information!
Great content, simple to follow!! Can you advise again how we can get a copy of the dox used?? Many thx!
"Contracts YOU NEED for Wholesale Real Estate." The contracts are in the description. - th-cam.com/video/v4Rq6MAXFHk/w-d-xo.html
Bro❗MASSIVE VALUE. this was my fear ! Thanks jamil. More videos like this pls
Yes! I got you bro
How long should we put for closing due date? Is the longer the better since you have more time to find as buyer? Or shorter the better so they can’t cancel? What is the avg you do or would advise us to put
Choosing a closing due date involves balancing factors like deal complexity and your needs. A longer period allows more time but may bring uncertainties, while a shorter one adds pressure but limits cancellations. Find a balance that fits your goals and property specifics.
What if we are doing our first deal with on market properties with an real estate agent and the seller accepts your offer and you also found a buyer that wants it (all in the same hour!!!).....do the real estate agent draft up the purchase contract and then I have to write up the assignment contract and email that to the agent so she can submit it with her purchase contract?
I ran into my first deal and I am a deer in headlights, been studying this for 5 months and decided to finally take action and got a deal in a snap of a finger, 2024 is going to be life changing for me, FINANCIAL FREEDOM, here I come!!!!!
Hey Nicole, how's the working out?
Section 8c-would we need to change the state obviously if we’re not in Arizona??
Thanks!
Thanks. I got value
Excellent!
Thanks Jamil
Of course Robin!
I needed this video thank you!
Glad it was helpful!
Awesome video can you please forward a copy of the documents you instructed about . Thanks
Thanks for the step by step tutorial!
You're welcome!
Thank's Jamil, very informative! :-)
I got you!
Hi! I am in Colorado, for the AB am I able to modify the Arizona part to say Colorado? Also, do I need to include "and/or assigns" in that contract?(:
May I please have a copy of these contracts - my husband is asking me to ask you for ‘contracts’ - I have no idea what he’s asking about…
But thank you 🙏
New investor and this helps clear things up. Can I get a copy of the assigner form??
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Very helpful thank you so much!!!
This is why I do it!
Hi, I have some confusion about the Escrow and title company part. As someone learning wholesaling, when / how do we get this info or do we need to have a company that we work with or would be working with?
Hi! You choose an escrow and title company once you have a property under contract. It’s helpful to work with companies recommended by real estate professionals or those experienced with wholesaling. They handle the title search and ensure a smooth transaction. Start looking for one early in the process to streamline things.
In a multi house deal let’s say 3 🏠’s, from a private seller, are we doing a purchase and assignment for each house? Or 1 purchase and 1 assignment for all 3 houses ?
When signing the Agreement to Assign Purchase Contract, does the buyer not need an addendum?
For example to verify that the property is delivered empty?
When signing the Agreement to Assign Purchase Contract, the buyer should include an addendum to verify specific conditions, like the property being delivered empty. This addendum should:
Specify Conditions: Clearly state that the property must be vacant at closing.
Be Reviewed Legally: Have legal counsel review it.
Be Mutually Agreed: Be signed by both the assignor and the assignee.
This ensures clear expectations and legal protection for both parties.
I don't have IG. But I need. A. Legitimate set of contracts to go off as a template at least. I've. Got a plethora of open RE here and tons of buyer potential. But no capital for legal drafters
Hello thanks for the great video! Does the buyer you are selling to have to fill out an RPA as well? I am in California
Okay when you sign it and after they sign it do you take it to escrow?
Should I use literal initials or should I use signature ?
You should generally use full signatures on contracts for them to be legally binding. Initials are often used on specific pages or sections to confirm agreement to certain terms, but they do not typically replace the need for a full signature at the end of the contract. Signatures ensure the document is valid and enforceable, while initials confirm that each party has reviewed individual sections. Always check local laws or consult an attorney for specific guidance.
If I payed the earnest money will I need to fill out the bottom
Is Magnus West Title nationwide!????
JD I really needed this , can I use your escrow company while wholesaling in a different state?
so I need to sign purchase contract with seller 1st, then look for end buyer and sign assailment contract with end buyer, right? so WHO will do the inspection report? me or end buyer?
Love the video, good knowledge. Anyone as a copy of both contract?
The contracts have been moved to my website, jdamji.com, under freebies.
Does there have to be earnest money when assigning? I already payed earnest fee for the purchase and same how would that go?
where can i get these contracts?
Are those documents state approved for Kentucky
Yes, the wholesale contracts we use are state-approved for Kentucky.
Hey Jamil, I was wondering why you have the Buyer in the Assignment Agreement give the Title Co. permission to give you a copy of the HUD at closing. I think you accidentally skipped over that last line in the video. Thanks again!
What about terms of acceptance ? You leave that blank ?
For the terms of acceptance on a purchase agreement, it's usually best to fill it in. This outlines how long the offer is valid before it expires, giving the seller a clear deadline to respond. Leaving it blank could lead to confusion or delays, so I recommend adding a reasonable time frame, like 24-48 hours, to keep things moving smoothly.
Thank you so much for this info. Super helpful. Does the buyer get a copy of the contract so he knows what he is committed to, and if so, do I give it to him or how does he/she get it?
This will be a video i will have to study like in Class
🙏🏾
How do i Get a contract and What do i do after filling it out
"Contracts YOU NEED for Wholesale Real Estate." Everything you need to know and the contracts are in the description. - th-cam.com/video/v4Rq6MAXFHk/w-d-xo.html
Does this work for vacant land?
Yes, this contract will work for vacant land. You'll just need to include the pertinent information related to the property.
Thank You!! Exactly what I was looking for bro 🙏🏽
Question what happen if purchase contract is cancel. Do I cancel with the buyer and will keep the earnest money?
Hi! Thanks so much for watching the video and supporting Jamil's channel. Jamil Is very busy and doesn't have time to answer every question, but if you join the FREE Astroflipping FB group the Astro members would love to help you with an answer.
facebook.com/groups/astroflippingpublic/
Where is the contract?😊
BUT THIS CONTRACT HAS YOUR NAME ON IT, YOU MEAN THIS IS THE CONTRACT I'M SUPPOSE TO USE BUT IT HAS YOUR NAME ON IT, IS THERE A CONTRACT THAT DOESN'T HAVE YOUR NAME ON IT AND IF IT HAS YOUR NAME ON IT WOULD THE DEAL HAVE SOMETHING TO DO WITH YOU, I'M NOT UNDERSTANDING?
he never mentions the assignment clause.
The following key elements should be mentioned:
Assignment Rights: Clearly state that the buyer (wholesaler) has the right to assign the contract to another party (the end buyer).
Assignment Fee: Specify the fee the wholesaler will receive for assigning the contract to the end buyer.
Notification of Assignment: Include a clause that requires the wholesaler to notify the seller in writing if the contract is assigned.
Release of Liability: State that the original buyer (wholesaler) is released from any further obligations under the contract once the assignment is completed.
Seller’s Consent (if applicable): Indicate whether the seller’s consent is required for the assignment to take place.
Closing Procedures: Outline how the closing will be handled once the assignment is executed, including any necessary adjustments to the terms.
Assignment Deadline: Specify any deadlines by which the assignment must be completed.
Including these elements ensures that the assignment process is clear and legally binding for all parties involved.
🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾
who pay for the Title? me or end buyer? watched few times.
Thanks Jamil it's a crucial step that RE gurus take it for granted that everybody knows in explaining Wholesale or Creative Finance. I appreciate your video. I am waiting for your contracts after sending a message on your IG account, thanks.
I sent you a dm on IG or the contracts...Thank you 🤠
I contacted you through Instagram and DM you about the purchase agreement an assignment! Someone responded we don't help with that sorry
That's unusual; our typical response involves sharing the TH-cam video along with contracts in the description. "Contracts YOU NEED for Wholesale Real Estate." Everything you need to know and the contracts are in the description. - th-cam.com/video/v4Rq6MAXFHk/w-d-xo.html
Thank you so much! This was super helpful!
Thanks!