When it comes to wholesaling land. On the assignment contract would you keep the non refundable deposit from the assignee as high as $5,000? Or would you make it lower?
This is golden information! I was struggling trying to figure out how to write the assignable contract. I love how much knowledge you guys share. Thank you so much! Gold, diamonds, million dollar information has been shared. PRICELESS....
So if i needed to can i use this contract that were going over ; i just want confirmation. Still going over it with my lawyer , but i love the simplicity of it.
Hey I don’t wanna get confused. Do we send these contracts to the title company once both are filled out? Or we send the first contract to the title company when we lock the contract. Then send it to the title company again when we assign the contract?
June 5th was my birthday. I’m at my regular job rn sick to my stomach trying to gather myself from panicking and anxiety attacks I can’t take this anymore. I just wanna help my family and not be stuck like this anymore.
@@aquajahhicklin7799where in pa you from ? And since I posted that comment I’ve expanded my cash buyers list and built relationships with realtors 😭 im posting this at 5am just grindinggggg😂
hey rick so im tryna use the contract and upload it to doc u sign, but I'm just wondering how can I separate the purchase and sales agreement from the assignment so I can send out these contracts without any confusion?
My question is do I get the deposit from the buyer before going to the title company to revise everything with them or how does that work I’m kinda confused someone help me
Rick. Very important question here. Should we get a LLC prior to starting this? I mean if we dont then we have to change our email, socials, and suff later. It would also protect us if we get sued, right? Because the business would get sued and not us personally. Or should we get a few deals in THEN get a LLC?
What if you don’t want the buyer or seller to know how much you are making on the transaction? @22:40 they still should see what you have the property under contract?
A bit late to this but i’m an 18 year old right out of highschool trying to get into wholesaling but i’m looking for the best way to learn such as who i should learn from, how i create my own contracts, also how to not make a mistake that could blow a deal that could make me lose an investment, and also most importantly how much i need to start if anyone has any suggestions or advice please reply to my comment so we can get in contact or put me in the right direction.?
I don't have any money to fund my part of the agreement. But while making out the contract, I don't have to pay any money upfront, just when the deal is closed, and then my EMD comes out of my wholesale cut, right?
@@kiaatyyy1210can’t i just put $1000 EMD, hold that until i find a buyer and tell them it’s $1000 EMD and once they fill out the assignment i send both contracts to TITLE and it’s payed ?
If im using the buyers EMD to fund my EMD between the seller and I, does the buyers EMD go to me, then I send it to the title company? Or does the buyers EMD go to the closing company alone then I put a clause that states I can use the EMD from the buyer to fund the selller side EMD?
hello i have a question if anybody can answer it thank you. When i sign my name if i'm independent and not with a company nor do i have a LLC. Am i just going to have to risk putting my name on it or do i put my name and i add the title company? but then i'm thinking he said you have to add president so i couldn't lie and say i'm president of the title company. HELP thank you!!!!!
Ive seen where some wholesailers, write a check, separate from deposit for the inspection period? Usually like $10 dollars. Is this necessary, and escrow used to be like 10 days now is 30 days more the standard? Thanks in advance.
I am a Realtor and started watching your videos but have a property that I know what the Seller is asking which is 40% less than the market. He went through a divorce and wants this property sold ASAP. I reviewed the COMPS and this is basically a Gold Mine. I reached out to my investors and I can Clear 100k by assigning or earn $20k through commissions. Am I overhthinking Integrity? I just don't want to lose business for knowing business too well.
hey rick when you said you can put youre name as the buyer why would you put youre name and not youre cash buyers name or llc ? am i missing something you were saying
Open in google then hit print. When it asks you about All pages hit custom and put 1-2 and it will only print psa. Do the same for Assignment just put pages 3-4 and only those will be downloaded.
I have a question- what if its your first contract and you don't have your own company/ business bank accont yet? Do you have to open one up before signing on "Behalf of"? Is there anyway around that on the first contract?
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When it comes to wholesaling land. On the assignment contract would you keep the non refundable deposit from the assignee as high as $5,000? Or would you make it lower?
Hi guys I’m in Orlando! :) working on getting my first deal! Grateful for the content and future connections!
Same I’m by the Sea World area hoping to get my first deal this month! Good luck
Me too, would u perhaps like to JV
Did you get one yet !!!
@@ReyesOrtega-sb5qf hey, would u like to JV
I have buyers in Fl !
Im yet to do my first deal but this video right here sounds like gold to me
Did you ever do it!?
WoW! This guy is A+. I love how he is straight to the point EVERY TIME!
I used this for a lot wholesale and it was so easy. Quick signature from seller
You got any videos that helped you out alo5 besides this one?
Was it in person or docusign
Could you share/email the contact?
Could you share the contract?
does it work in michigan?
This channel is the best I’ve seen …period !
For me this was the most concerning part. I'm thrilled to have found the agreement training.
This is golden information! I was struggling trying to figure out how to write the assignable contract. I love how much knowledge you guys share. Thank you so much! Gold, diamonds, million dollar information has been shared. PRICELESS....
So if i needed to can i use this contract that were going over ; i just want confirmation. Still going over it with my lawyer , but i love the simplicity of it.
Rick my man your as cool as the other side of the pillow,😎 great video!!!!👍🏾
Thank you! for the contract Zach & Rick
No problem!
Great video. Makes one of the scary parts of the deal not so scary. Thanks Rick!
Thank you so much, I can’t wait to start my Wholesaling journey in April. 😊
Hey RG....How do we find a real estate attorney to review the contract?
Rick can you use these two contracts for flipping land?
Amazing video thank you!
Rick skipped #14 on the assignment contract. What date do we put in for that?
Was questioning that as well
The buyer usually has 48 hours from the date the contract is signed to send EMD to title/escrow company.
@@nicholetolbert9139 thank you!
@@nicholetolbert9139on the original contract for EMD i out $1000. would my buyer out $1000 to cover it if i ask him to cover it
This helps a lot need these videos..kids wife life ..this works
Do you guys use their contracts as is? If not, do you guys first go over it with a lawyer first before starting?
Very clear video !! Anybody able to clarify what the deposit is for on both contracts ??
love the video cause it was very easy to understand. Thank you!
Hey Charles . Let’s work together
@@Risktaker111 work on what exactly David?
Hi,where I get the contracts
Hey I don’t wanna get confused.
Do we send these contracts to the title company once both are filled out? Or we send the first contract to the title company when we lock the contract.
Then send it to the title company again when we assign the contract?
Yess help please
someone help us!
Did lil research you take both contracts to title company after both parties have signed. After you keep rapport until everything is finalized
@@K.dracoF90M5wrong
Best video out there by far I’m following!
where do you get this document/template from?
the contracts you provided is all i need?
Yes!
So you have to shell out 500 to the original seller or is that only if you miss that deadline
doing a virtual deal do you use docusign for signatures?
Yes
RG great vid.....If our state requires a state issued RE contract, what parts of your contract should include from your contract ? Thx
June 5th was my birthday. I’m at my regular job rn sick to my stomach trying to gather myself from panicking and anxiety attacks I can’t take this anymore. I just wanna help my family and not be stuck like this anymore.
Any updates on your journey? I’m 17 and in my first week of starting. In need of some motivation
@@yusecnt6003hey I was wondering any update
Hey can I use these contracts in Houston Texas? I’m aware there are specific things needed here in Houston
Let me know if you started man I’m in Houston as well
Do u guys have cash buyers in Houston?
@@Pauyozemin yes I do!
@rick! What about line 14 from the assignment contract?
Would I bring these example contracts to a lawyer and get actual ones?
Does this work in oregon? Any changes need to be made to the contracts?
can both of the contracts be used in all states especially Texas
hello im working on my first deal and was wondering exactly what am i looking for on when it come to legal description on the buyer side
Same here did you ever find out
@@DevariusSimmons-yx5pihey did you find out ?
For number 14 on the assignment how long in between do you like to do before the closing date?
Lmk if you find out I’d appreciate it
I’m motivated! Thanks for this video. ❤
does this contract work in Houston?
Anyone in Pennsylvania that wants to JV and work together let’s get it I been driving for dollars!! Also doing tons of research
✋🏾
@@aquajahhicklin7799where in pa you from ? And since I posted that comment I’ve expanded my cash buyers list and built relationships with realtors 😭 im posting this at 5am just grindinggggg😂
Yes I’m located in Philadelphia Pennsylvania
hey rick so im tryna use the contract and upload it to doc u sign, but I'm just wondering how can I separate the purchase and sales agreement from the assignment so I can send out these contracts without any confusion?
Export the pages from the PDF!
Can I have a title company to do all this paperwork for me? Not including purchase agreement and assignment of contract
So the deposit field is the Earnest money?
Yes
My question is do I get the deposit from the buyer before going to the title company to revise everything with them or how does that work I’m kinda confused someone help me
And to confirm we Can use this contract in Active Deals?
I’m in Texas and there’s a new law for January 2024 about disclosing you’re wholesaling. How do I apply it?
Rick. Very important question here. Should we get a LLC prior to starting this? I mean if we dont then we have to change our email, socials, and suff later. It would also protect us if we get sued, right? Because the business would get sued and not us personally. Or should we get a few deals in THEN get a LLC?
You don't need a LLC right away. Get it after you close a deal.
Is there a part in this contract that states end buy shall assume all closing fees etc? Or any other expenses
Yes!!
What if you don’t want the buyer or seller to know how much you are making on the transaction? @22:40 they still should see what you have the property under contract?
this is such a good video
Do we have to do earnst money, if so how if we are bsginners with no money.
It depends on what title company will allow
Quick question should you sign the contract at the title company or just anywhere ?
Where does the down payment from buyer go? Does payment go to wholesaler or title company??
Should I have the seller sign the contract before buyer has seen the contract ?
Yes!
How would you go about extending the inspection period?
Hi ! I’ve been trying to download your free contract but I’m not getting it . I’ve tried multiple emails and still nothing !
Check spam
How is the deposit paid and by who?
You for EMD and buyer with theres
Quick question received the purchase agreement but can not find the assignment contract please advise
Thanks you 🙏🏾
wow love the content
A bit late to this but i’m an 18 year old right out of highschool trying to get into wholesaling but i’m looking for the best way to learn such as who i should learn from, how i create my own contracts, also how to not make a mistake that could blow a deal that could make me lose an investment, and also most importantly how much i need to start if anyone has any suggestions or advice please reply to my comment so we can get in contact or put me in the right direction.?
I don't have any money to fund my part of the agreement. But while making out the contract, I don't have to pay any money upfront, just when the deal is closed, and then my EMD comes out of my wholesale cut, right?
Can this contract be used if an agent is also involved? and how do we add agent commission?
So for instance, the $500 deposit… am I (the wholesaler) paying for that? or the buyer?
yes but it is refundable as long as you find a buyer
@@kiaatyyy1210can’t i just put $1000 EMD, hold that until i find a buyer and tell them it’s $1000 EMD and once they fill out the assignment i send both contracts to TITLE and it’s payed ?
Hi guys! Is the total deposit amount the same as the Ernest money that is required at the title company??
Central Florida here! Looking to get my first deal under my belt ASAP! Anyone looking to JV?
so i mean do you present BOTH contracts to the end buyer
Thanks so much ❤️
can this contract be used in washington? also how do i use this contract with the yellow writting on the top?
where can i get the assignment contract
For line 12, do you have to put that new amount on contract?
Hi, thank you so much for the content
Does the title company need to be in the state you live in or the state you are wholesaling a property?
If im using the buyers EMD to fund my EMD between the seller and I, does the buyers EMD go to me, then I send it to the title company? Or does the buyers EMD go to the closing company alone then I put a clause that states I can use the EMD from the buyer to fund the selller side EMD?
Are the contracts presented in the video can they be used in all 50 states
can I do a contract without a lawyer?
hello i have a question if anybody can answer it thank you. When i sign my name if i'm independent and not with a company nor do i have a LLC. Am i just going to have to risk putting my name on it or do i put my name and i add the title company? but then i'm thinking he said you have to add president so i couldn't lie and say i'm president of the title company. HELP thank you!!!!!
Ive seen where some wholesailers, write a check, separate from deposit for the inspection period? Usually like $10 dollars. Is this necessary, and escrow used to be like 10 days now is 30 days more the standard? Thanks in advance.
Hey Rick is it Best to use this contract with the Disclaimer at the Top? Or edit it & Remove It?
Remove it!
Hey Rick if you could give me a little more information on step 3 in terms and conditions where does the 5,000 come from is that earnest deposit or.
Watever amount you put on your deposit serves as a form of security and demonstrates the Assignee's commitment to the transaction.
I am a Realtor and started watching your videos but have a property that I know what the Seller is asking which is 40% less than the market. He went through a divorce and wants this property sold ASAP. I reviewed the COMPS and this is basically a Gold Mine. I reached out to my investors and I can Clear 100k by assigning or earn $20k through commissions. Am I overhthinking Integrity? I just don't want to lose business for knowing business too well.
Do what’s in your best interest
I’m a realtor too. What did you end up doing?
Ready!
hey rick when you said you can put youre name as the buyer why would you put youre name and not youre cash buyers name or llc ? am i missing something you were saying
Thank you so much
Do you recommend double closing in order to hide your assignment fee? I'm currently selling land does that make a difference?
very smart you chose to sell land, unsaturated market + you can gain very good connections + parnters with construction firms
Could you recommend me a title company in Miami?
Assignment deposit goes to seller or title co.?
Can we use this contract if we start
Why do you have the demo contract as the only contract to download? There’s no way for me to use your contract as an actual contract
Open in google then hit print. When it asks you about All pages hit custom and put 1-2 and it will only print psa. Do the same for Assignment just put pages 3-4 and only those will be downloaded.
I have a question- what if its your first contract and you don't have your own company/ business bank accont yet? Do you have to open one up before signing on "Behalf of"? Is there anyway around that on the first contract?
I got the same question !
You can do it in your name. Then after your first or 2nd make your LLC
So what if I don’t have any personal money to deposit earnest money
Can this contract be used to vacant land?
can i use this for land as well?
What’s a good software to use to easily edit the contact and send without the them being able to edit
I’ve been trying to download the contracts, but it’s not working. Every time I try it says sent but it’s not. I checked the Spam and everything
who pays for the deposit , the wholesaler or the buyer ?
There are 2 deposits: (1) wholesaler to the title company for the seller expressed in the PA. (2) buyer to the wholesaler (this is no refundable).
@@BeachBum51050 so if I had no money what so ever. Can I still wholesale? Because I have no cash whatsoever for any deposit
Is there a separate source people are getting this contract from because it seems the link isn't working?
The downloadable version says this is for example purposes only. Do I delete that part ?
Yes
I haven’t received the contracts
Hi i try to get a dl document but I don't see any email on it.