New to Real Estate · Dallas–Fort Worth metroplex · Member since 2021 · 2 posts · 3 votes
Hi, newbie here trying to wrap my head around the basics. Would any of you flippers or wholesalers in Texas be kind enough to email me an example TREC 1-4 contract or two that has been filled out for the purpose of wholesaling and or flipping a single family home, along with any common addendums you add to your TREC contracts for wholesaling? I do not want to use the simple non-TREC one-page contracts that I read a lot of other people use, because I hear from local flippers that title companies and sometimes the sellers' lawyers like to criticize them.
I'll need an email address or contact info from you, apparently, I'm not allowed to post my email address in my first post.
I'm based out of Dallas, Texas in case you're wondering.
Before I was a lawyer, I used the TREC 1-4 to wholesale. I have access to lots of different contract to buy/sell real estate and a full legal education to know exactly what I need to do ...and I would STILL use the TREC 1-4 to buy/sell residential real estate. Even to wholesale.
It's a solid contract. Doesn't favor buyer or seller. Title companies know how to read it without thinking too hard about it. People are generally comfortable with it - even unsophisticated sellers.
There are so many free one page contracts online and I definitely would not use one of those. Ours is over 4 pages and pretty extensive.
Pretty convincing, 4 whole pages. See more people screwed over by cheaping out. You should understand real estate has a large impact on the principals and offering up stuff with the justification that it's free is not very good advice.