Episode 18 of the Smarter Landlording Podcast is a detailed discussion with Attorney Joe Kirkland of CloseTrak Title and Closing Services on one of the most important documents you will use in your real estate investing career, your purchase and sale contract. On the surface, this topic may not seem very interesting or stimulating, but your purchase and sale contract is the blueprint you use to acquire investment property. And, if this blueprint is not worded properly, it can cost you time, money and even the deal.
This in depth conversation with Joe on the nuts and bolts of a purchase and sale contract will make you a better and smarter real estate investor. Follow along as we discuss:
· Minimum terms and clauses your purchase and sale contract must have.
· Items that lead to the most disagreements and how they can be cleared up.
· The clause that lets you set the standards.
· The assignability of contracts (listen up wholesalers!).
· Working both the purchase and sale sides to make the contract happen.
· Earnest money.
· Escape clauses.
· Is “Time of the Essence?”
· How my own personal purchase and sales contract should be improved.
I know that I will be making some changed to my own purchase and sale contract after talking with Joe, and I bet you will to yours as well after listening.
If you are looking for a purchase and sale contract to get yourself started in real estate investing you can download the one I have used over the years by clicking here and then listen in as Joe and I pick it apart.
Episode 18 of the Smarter Landlording Podcast is a detailed discussion with Attorney Joe Kirkland of CloseTrak Title and Closing Services on one of the most important documents you will use in your real estate investing career, your purchase and sale contract. On the surface, this topic may not seem very interesting or stimulating, but your purchase and sale contract is the blueprint you use to acquire investment property. And, if this blueprint is not worded properly, it can cost you time, money and even the deal.
This in depth conversation with Joe on the nuts and bolts of a purchase and sale contract will make you a better and smarter real estate investor. Follow along as we discuss:
· Minimum terms and clauses your purchase and sale contract must have.
· Items that lead to the most disagreements and how they can be cleared up.
· The clause that lets you set the standards.
· The assignability of contracts (listen up wholesalers!).
· Working both the purchase and sale sides to make the contract happen.
· Earnest money.
· Escape clauses.
· Is “Time of the Essence?”
· How my own personal purchase and sales contract should be improved.
I know that I will be making some changed to my own purchase and sale contract after talking with Joe, and I bet you will to yours as well after listening.
If you are looking for a purchase and sale contract to get yourself started in real estate investing you can download the one I have used over the years by clicking here and then listen in as Joe and I pick it apart.