Wondering if I should just look online or have an actual lawyer put together official contracts.

I use the Ballpark Deal app to my calculate numbers, I have the pro subscription and it's not too overwhelming compared to other calculators since this is my first deal not only for myself but also representing myself as the buyer's agent.

Not only do I own investment properties myself, I have represented MANY different kinds of real estate investors over the years.

@Roderick Hooker I've done a few transactions with Lennar recently (as a mortgage broker representing clients) and they have a sneaky "builder admin fee" of 1% in most of their contracts, and typically have the buyer paying title policy, survey, and HOA transfer fees.

So the seller is free to let go of the deal but still has legal recourse if they lost money because the buyer didn’t hold up their end.In short: the lawyer’s saying “make sure the cancellation paperwork kills the old contract cleanly, protects both sides from future claims, but still leaves the seller the right to go after the buyer if they defaulted.”

For example, we checked out a Queens househack property this week - seller's representative and I were in front of the property talking for about 10 minutes.

As a Realtor, I represented myself.

I am not a lawyer or CPA so I'd always recommend contacting one or both of them.

Tommy, you represent the RTR brand with excellence; thanks! 

I was advised by my lawyer to create an LLC and have a separate business checking account.