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Real Estate Information |
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Real Estate Investing Contracts on Toilet Paper
Even if your real estate contract has been written on toilet paper, it's valid. Content of your real estate investing contract is what's important. Your financial destiny in real estate investing is sealed BEFORE you walk into a real estate closing as a buyer. You have set inconcrete your profit (or loss) before you turn the door knob to enter the office of your attorney or title company at closing. The payoff of the transaction under anticipation is predetermined when the contract is signed between you as the buyer and the other party who is the seller. The interpretation of these cold, hard words is that you must recognize the importance of the real estate contract that ties together the property transaction. Your contract contains implications for determining profits in advance. When we strike a deal in real estate investing, we usually just reach for some pre-printed contract form that came from a real estate office or stationary store. We usually forfeit many of our closing rights to some stranger who put together traditional jargon and processes without recognizing that we ourselves have the right to charter this course. Subjecting ourselves to legalese of an attorney who may not even be a real estate investor nor own more than his own home is the pattern followed by most who purchase and sell real estate. The first order of business in writing contracts is understanding that any sale or purchase of property is negotiable. While the payment of certain closing costs may be customary or traditional for the buyer and the seller, we are not bound by this protocol. Without differing specification in your contract to dictate your personal direction, the closing agent simply resorts to customary convention. But by understanding your rights as buyer or seller of real estate property, you can actually INCREASE your profits on a transaction by the wording of your contract. However, these settlement terms must be in writing on your contract in advance of the closing. Otherwise, potential profits fly out the window. One of the most euphoric feelings I have ever experienced in this business of real estate investing was walking out of a closing with a check payable to me for $75,000 on a package of a few cheap real estate properties! As with anyone, I had a use for that cash! But those profits were dictated on my special personal contract in advance of closing. Much more cash at closing is available to real estate investors who take control of the options available by independently choosing wording in the content of their own purchase contract and sales contract. This choice is readily available to the real estate investing professional who understands these rights and applies them in the construction of a personal contract. The suggestion in this article is not legal advice but encouragement to take advantage of an opportunity available in real estate investing. This suggestion is not encouragement to become greedy with legal rights but to give notification that negotiation is available over the dictates of closing costs. Sometimes transactions are profitable only when these considerations are understood. Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.RealEstate-Investing.net/business/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
MORE RESOURCES: The Insult Comic Who Sells Million-Dollar Homes The New York Times Texas now restricts Chinese nationals from buying property. Is it alien land laws all over again? The Guardian EXCLUSIVE: Bill Cosby Lists His Second New York Townhouse for $29 Million as Foreclosure Looms Realtor.com For value hunters to millionaires, these CT towns are on the hottest real estate run in 2025 CT Insider Average U.K. House Asking Prices Rise in September The Wall Street Journal Local real estate investment firm details positive federal tax policy changes for investors SiouxFalls.Business Real Estate Startup Aims to Help Clients Make Smarter, Data-Driven Decisions National Association of REALTORS® Mel Foster Co. School of Real Estate offers pre-license courses Quad Cities Business Journal Commercial Real Estate Roundup for Sept. 12, 2025 Idaho Business Review Real Estate Transactions, Sept. 15 edition Hopkinton Independent Calvin Harris Accuses Financial Adviser of Stealing Millions to Fund ‘Boondoggle’ Real Estate Project variety.com Matt Curtis Real Estate Completes 150th Home Build in Guatemala, Extending Global Mission of Service Huntsville Business Journal University of Alabama business school receives $5 million donation The Tuscaloosa News As AI takes over mortgage approvals, who’s watching the machines? Real Estate News by RealEstateNews.com Dunlap & Moran real estate attorney named to Best Lawyers in America 2025 Sarasota Herald-Tribune AI and analytics key to navigating ‘exciting inflection point’ in real estate, UBS CIO says Pensions & Investments Signs of more affordability, inventory in mid-Hudson Valley real estate market this fall Times Herald-Record Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Confirms September 2025 Monthly Distribution Yahoo Finance Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Declares C$0.064 Cash Distribution for September Yahoo Finance Press Release: Korrin Petersen Joins Bowditch’s Real Estate and Environmental Law Practice Bowditch & Dewey Rare two-family waterfront home in Fairhaven sells for $1M. Weekly home sales SouthCoastToday.com Calvin Harris Accuses Financial Advisor Of Stealing $22.5 Million For Real Estate "Boondoggle" Stereogum Real Estate: September 1 to September 5 Newport This Week Real Estate Notes: Downtown Hilton hotel opens Nashville Post Capital Idea Community Pulse - Lima One Builds Unique Lending Model For Real Estate And Construction Projects Greenville Online 66K-sf property near Rice Village sold Texas Real Estate Research Center Like Real Estate? Earn 12% With AWP Seeking Alpha Inside Savannah Homes: 3 fully furnished condos overlooking Chippewa Square for $6.995M Savannah Morning News 261-unit River House along River Walk sold Texas Real Estate Research Center HAR.com Expands to Include Commercial Real Estate Listings Realty News Report Northwest Healthcare Properties Real Estate Investment Trust Announces September 2025 Distribution Yahoo Finance East Cobb residential real estate sales, Sept. 2-5, 2025 East Cobb News Best Real Estate Projects 2025: Channel 24 The Business Journals Hawthorne Capital Named Fastest-Growing Real Estate Company in the Americas by Financial Times Business Wire Senate Set to Confirm Miran for Fed on Eve of Pivotal Interest Rate Decision Norada Real Estate Investments Navigating home inspections, objections and appraisals in Colorado real estate The Chaffee County Times Best Real Estate Projects 2025: Sutter Health Park Upgrades for MLB Play The Business Journals The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact - Harlem World Magazine The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact Harlem World Magazine Strive305: Tico Casamayor & Irvans Augustin Talk Real Estate with Natalee Lima & Denise Sainz Miami's Community News The “Most Expensive” Home In America JUST Hit The Market—and You Won't Believe the Price House Beautiful Linkhome Holdings Inc. Launches Platform for Real Estate Purchases Using Cryptocurrency Quiver Quantitative Renovated 125-year-old waterfront cape in Westport sells for $2.5 M: Weekly home sales Fall River Herald News Does Las Cruces real estate take a winter holiday? Las Cruces Sun-News Real estate company launches crypto-based platform National Mortgage News REALTY ONE GROUP POWERS INTO MEXICO CITY PR Newswire Chicago Atlantic Real Estate Finance, Inc. Declares $0.47 Quarterly Cash Dividend for Q3 2025 Quiver Quantitative A glance at Dayton's top commercial real estate transactions, totaling $18.8 million The Business Journals New Silver Introduces Commercial Real Estate Loan Program sg.finance.yahoo.com How Quincy councilors voted on $1.9M deal to sell downtown property The Patriot Ledger Norfolk sheriff, who moonlights as real estate ‘mentor,’ used campaign to bolster business interests, state officials say The Boston Globe Flagship Communities Real Estate Investment Trust Announces September 2025 Cash Distribution GlobeNewswire Brand-new, million-dollar home in Clive features fitness area, contemporary style The Des Moines Register Former CT dairy farm, spanning 87 acres, listed for nearly $2M The Register Citizen Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2025 GlobeNewswire |
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