All Forum Posts by: Jeffrey Harden

@Lydia T. I appreciate your input! Your advise was very helpful!

@Lydia T. What's the most common concession the seller usually writes on the legal pad from your experience?

@Lydia T. With all the feedback I'm considering using the TREC just because it'll be a smoother process to close deals through escrow. Plus, I'll rather practice pitching it to the seller to become more accustom to it myself and help build rapport.

It's interesting you mention that book, I'm currently reading a book called Influence: The Psychology of Persauion. Possibly the same book. I'm still at the beginning but the information is valuable.

@Stephen Robertson thanks for the advice! That's actually not a bad idea to have the seller write on the notepad then introduce the TREC later. I can see how lowers the intimidation for the seller afterwards.

@Denzell Hoover Thanks for the advice! Definitely going to consider that once I come across my first lead!

@Joe Funari @Greg H. Thanks for the feedback! I'm definitely siding with the TREC over the one page just because of the protection it offers and I also I want the seller to know I'm being up front and honest with them. I do plan on going to a local REIA soon.

@Denzell Hoover Whenever you use the TREC, do you try summarize the whole contract to the seller? Or do you typically go through page by page with them explaining each section?

@Account Closed I appreciate the feedback! 

@Account Closed Thanks for the reply!

So when you created your 3 page agreement for Texas, did you find an attorney in Texas to help review your contract to make sure it was within the laws?

Hi, everyone

This is my first post here on biggerpockets, it's nice to meet everyone! 

So just like most newcomers here, I'm fairly new to real estate/wholesaling and been doing a lot research to grasp a good understanding of it. I've been reading a lot of old discussions regarding the topic of wholesaling in Texas and found the information to be very valuable. Lately I've been stuck on whether to use the TREC contract or a one page purchase contract for the assigning process. I did my research on the TREC through Youtube videos and learned the importance of it. However, I feel like when presenting the contract to the seller they'll feel intimidated by how thorough and lengthy it is compared to a one page purchase contract. I noticed here on biggerpockets that it really comes down to the wholesaler preference on which contract they want to use. I wanted to know for those who uses the TREC, do you sometimes experience resistance from the seller when presenting the contract? If you do, how do you help better explain the contract to them in order for them to feel more comfortable?