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Updated almost 12 years ago on . Most recent reply

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Lance LaGrange
  • Property Manager
  • Lafayette, LA
0
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Sub 2 Question

Lance LaGrange
  • Property Manager
  • Lafayette, LA
Posted

I`m trying to get all my ducks in a row before I start making offers "Subject To". My hang up is on the contract. I have read from manyy Bigger Pockets contributors about clauses that are must haves in the contract, but I have no basic contract put together to take to an attorney to make sure it is legally sound and within state laws. I have no interest in purchasing a guru's course just to get one. Can anyone make any suggestions for where I can learn to create one?

Thanks for the help

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Brian Fouts
  • Investor
  • Fall City, WA
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Brian Fouts
  • Investor
  • Fall City, WA
Replied

Yes, I would recommend having a real estate attorney that knows Sub 2 draft the contract for you, since there usually is specific language in it stating that is how the offer is structured.

Also, who will be putting together the actual closing contract, or mortgage/note you will have with the Owner that stipulates how you will be responsible for their payments and stipulates their rights if you don't pay, etc. My closing agency/attorney does all of the contracts and closing documents, one less thing for me to worry about.

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