Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Joshua Nabours
0
Votes |
7
Posts

Wholesaling in Texas

Joshua Nabours
Posted

Hi everyone, 

I'm new to the real estate investing and I'm wanting to better understand the TREC contract that we have here in Austin. I still cannot wrap my mind on how it works and was looking for an example.

Most Popular Reply

User Stats

120
Posts
82
Votes
Adam Mitchell
  • Rental Property Investor
  • Richardson, TX
82
Votes |
120
Posts
Adam Mitchell
  • Rental Property Investor
  • Richardson, TX
Replied

@Joshua Nabours when you write a contract you will add your name as the buyer with this very important addition: and or assigns. This phrase give you the ability to assign it. We do $10 earnest money so if the deal doesn’t close that is what you lose.

I would also like to mention if you are looking to wholesale, focus on marketing. Marketing is the only thing you need to do when starting out. You will figure out the rest as you go. Without any deals to look at, how will you learn?

Any questions Im here in Dallas.

Loading replies...