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 in concrete 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.n et/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/

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Albury agent Peter Drummond, of Drummond Real Estate, wins Australasian Leaders award  The Border MailIll-health doesn't stop him joining in presentation ceremony.
3 directors of real estate firm arrested for cheating  Moneycontrol.comHacienda Projects Pvt Ltd directors Surpreet Singh Suri, Vidur Bhardwaj and Nirmal Singh have been booked for cheating, criminal conspiracy and criminal ...
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Real Estate: Look Inside 801 C Ave #26 - Own a Piece of Coronado for Under $725,000  Coronado Times NewspaperRing in the New Year in this spacious 2 bedroom, 1.5 bath condo just steps from it all in Coronado Village! The beautifully updated condo is 1 block from Orange ...
Justo Using Disruptive Technology to Shake Up Real Estate Biz  Urban TorontoToronto real estate brokerage Justo is using efficiencies from disruptive technology to halve fees, splitting the commission with the buyer, each taking an even ...
Survey finds Saratoga County real estate market strong  The Daily GazetteMALTA — Economic developers on Thursday assessed the Saratoga County real estate market as strong and optimistic. The Saratoga County Prosperity ...
Council hearings cement wide-ranging changes for real estate  Crain's New York BusinessLawmakers approved a major rezoning and a controversial restriction on hotel construction as well as heard testimony on a suite of tenant-focused housing bills.
OYO appoints Rohit Kapoor as CEO of new real estate business  LivemintNew Delhi: Hospitality firm OYO on Tuesday said it has appointed Max Healthcare Executive Director Rohit Kapoor as the chief executive officer (CEO) of its new ...
Metro Pittsburgh Real Estate: Search Properties By Communities  Pittsburgh, PA PatchMetro Pittsburgh Real Estate: Houses, Prices - Pittsburgh, PA - Looking for a new house? Just browsing? Either way, you'll find the best properties on the market ...

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