Contracts, Absantee Owners, how to make everything work smoothly?

Question

Hey Guys,

I'm sending off my first batch of postcards today and I'm really nervous/excited hoping I get some calls to get my first deal done!

What type of contracts do you use to structure the deals? I have some downloaded, but just want to get confirmation to make sure I have all the right things ready to go.

What particular clauses to you put into the contract?  How much time do you give yourself to find the buyer?

How do you usually get to see the inside of the property if I'm targeting absantee owners out of state?

Anything else I'm missing, or anything you guys recommend when working with out of state absantee owners I would greatly appreciate!

I'm really anxious to get my first deal done to calm my nerves.

Thanks in advance!

Roland Paicely · Answer

Being nervous and excited is a good thing.  Also, you should be patient.  Don't be shocked if your first mailing doesn't produce the deal(s) that you are hoping for.  Not trying to rain on your parade.  But that's reality.

Don't put in many clauses.  Maybe subject to your partners approval.  That should cover it.

Hopefully, you have buyers lined up already.  If not, try to get a minimum of 30 days.  If you can't find a buyer within 2 weeks.  It's probably not a good deal.  A lot of absentee owners have some type of contact or other way for you to see the inside.  If not, there are ways around that.

Relax and just have a conversation with the sellers...........Good luck.