Documents and contracts for sub-to or seller finance

Member since 2018 · 17 posts · 9 votes

I'm planning on beginning marketing for subject to deals and seller finance deals, but am wondering where the best place to get the transaction paperwork for this kind of deal is. Is a local real estate attorney going to be able to provide them? Should I reach out to local investors (seems unlikely they'd want to share with the competition). Can you find contracts online? Thanks for the help!

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Chris SeveneyBusiness Member

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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes

Quote from @Chris Ivy:

Seller finance a title attorney can do for you, those forms are pretty standard. Re: sub2 you will need someone very specific. I am sure some of the groups here or on FB will share some of the docs.

For sub2 I like William Tingle and his info. I do not do sub2 but have watched his stuff and he breaks it down nicely.

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
Quote from @Chris Ivy:

I'm planning on beginning marketing for subject to deals and seller finance deals, but am wondering where the best place to get the transaction paperwork for this kind of deal is. Is a local real estate attorney going to be able to provide them? Should I reach out to local investors (seems unlikely they'd want to share with the competition). Can you find contracts online? Thanks for the help!

Seller finance a title attorney can do for you, those forms are pretty standard. Re: sub2 you will need someone very specific. I am sure some of the groups here or on FB will share some of the docs.
For sub2 I like William Tingle and his info. I do not do sub2 but have watched his stuff and he breaks it down nicely.
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Chris Ivy
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Member since 2018 · 17 posts · 9 votes
3y
Hi Chris, thanks for the response. William Tingle seems like a great resource. Thanks for pointing me in his direction
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Caleb Christopher
Title Representative · Denver, CO · Member since 2020 · 126 posts · 66 votes
2y
Quote from @Chris Ivy:

Hi Chris, thanks for the response. William Tingle seems like a great resource. Thanks for pointing me in his direction
There's mixed feedback (old): https://www.biggerpockets.com/forums/12/topics/411066-willia...

In response to your original question, getting it under contract is relatively easy. You do need additional disclosures to CYA, but starting a deal is way easier than doing a deal well and/or properly set up for the long term. There are a lot of considerations around your intended exit strategy that need to be factored into your entry paperwork (deal structuring).

Yes, you can find various contracts online, but like I said, getting into the deal is the easy part. You should find a JV partner or a consultant who's got plenty of experience doing the deals to help you avoid the common and not-so-common pitfalls.
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Eric DeNardoPro Member
Real Estate Agent · Denver · Member since 2020 · 364 posts · 151 votes
2y
Hey Chris, I'm going through a subto deal right now. We're working with Closing Connection Title and everything has been great so far. We are also working for a TC that has done 100+ of these deals and has been great. I'll DM you with more info.

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