required and/or recommended disclosure forms
2 Replies
Lee S.
from Northern, California
posted over 1 year ago
I've only done my own off market purchase transactions in California and therefore was fine just using a P&S agreement. However, I'm looking to add terms deals to my business (lease options, owner financing etc) and trying to figure out what forms I should use? is a P&S with a TDS enough to legally cover me in these transactions? I'll use a separate option form for a lease option. I despise paperwork, looking to work with a transaction coordinator also. If anyone has done so for their investing business and could also recommend one that would be great.
Collin Corrington
Investor from San Antonio, TX
replied over 1 year ago
I hate paperwork too. I'm terrible at it and that's why I hire a lawyer to draft them for me (especially on owner finance and such). If you find a good real estate lawyer they should have most of these forms drafted and only charge a nominal rate to plug in your information.
Brian Gibbons
Investor from Sherman Oaks, CA
replied over 1 year ago
Lee
I forward to talking to you
Brian
Originally posted by @Lee S. :
I've only done my own off market purchase transactions in California and therefore was fine just using a P&S agreement. However, I'm looking to add terms deals to my business (lease options, owner financing etc) and trying to figure out what forms I should use? is a P&S with a TDS enough to legally cover me in these transactions? I'll use a separate option form for a lease option. I despise paperwork, looking to work with a transaction coordinator also. If anyone has done so for their investing business and could also recommend one that would be great.