Ft Hood, TX · Member since 2015 · 9 posts · 2 votes
Hey does anyone have a TREC 1-4 form filled out that they used for a wholesale deal and wouldn't mind sending me a copy? I'm just trying to understand the contract better and a filled out one from an acyual deal would help immensely. Thx!
Have you read the TREC form from front to back? Do you understand the form front to back? Do you understand contract law? If not, getting a completed form from someone else who may not understand it either isn't the best idea. What about values...do you know what an investment grade deal looks like? Do you know the process and the laws associated with assigning a contract? What about the title process? You good with this too? My point is this. The gurus will tell you to "just jump in" because they typically have your money in their pocket and have nothing at stake, but it's dangerous to believe you jump in without harming yourself or a seller. Take the time to find a good mentor or coach, or work your first dozen or so deals with a seasoned investor (who will certainly require most of the profit from any deal) who can hopefully provide solid insight and direction on this strategy.