Wholesaling Real Estate CONTRACTS for Purchase and Sales Agreement and Assignments (Day #5)

[@FlipWithRick]

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[@patkeith47]

When it comes to wholesaling land. On the assignment contract would you keep the non refundable deposit from the assignee as high as $5,000? Or would you make it lower?

[@joec1910]

How can I get that contract

[@physpsychedelicsubculturep1398]

Im yet to do my first deal but this video right here sounds like gold to me

[@TheBlueCollarFollower]

Did you ever do it!?

[@chantelm2219]

Hi guys I’m in Orlando! :) working on getting my first deal! Grateful for the content and future connections!

[@BetterWorld0]

Same I’m by the Sea World area hoping to get my first deal this month! Good luck

[@talentekhuzwayo2705]

Me too, would u perhaps like to JV

[@ReyesOrtega-sb5qf]

Did you get one yet !!!

[@talentekhuzwayo2705]

@@ReyesOrtega-sb5qf hey, would u like to JV

[@Dr_Daviss]

I have buyers in Fl !

[@SafwanAziz-r1g]

WoW! This guy is A+. I love how he is straight to the point EVERY TIME!

[@charlesdtrost4706]

For me this was the most concerning part. I'm thrilled to have found the agreement training.

[@kengtachala1867]

This channel is the best I’ve seen …period !

[@godesofdnyte]

I used this for a lot wholesale and it was so easy. Quick signature from seller

[@KAI-uy3lp]

You got any videos that helped you out alo5 besides this one?

[@Kianalashay408]

Was it in person or docusign

[@DShotU]

Could you share/email the contact?

[@bungalstvvlog]

Could you share the contract?

[@jonathonnavarro679]

does it work in michigan?

[@indigoLT1]

This is golden information! I was struggling trying to figure out how to write the assignable contract. I love how much knowledge you guys share. Thank you so much! Gold, diamonds, million dollar information has been shared. PRICELESS....

[@VinhNguyen-ef8mn]

Thank you for the detailed walkthrough! I'm just starting my journey, and your explanation really boosted my confidence.

[@payne4920]

June 5th was my birthday. I’m at my regular job rn sick to my stomach trying to gather myself from panicking and anxiety attacks I can’t take this anymore. I just wanna help my family and not be stuck like this anymore.

[@yusecnt6003]

Any updates on your journey? I’m 17 and in my first week of starting. In need of some motivation

[@bearsage1137]

@@yusecnt6003hey I was wondering any update

[@kellya8425]

Thank you! for the contract Zach & Rick

[@FlipWithRick]

No problem!

[@whitworthentertainment1638]

I got it.... just click the link and download

[@steveh1460]

Great video. Makes one of the scary parts of the deal not so scary. Thanks Rick!

[@UchartedEra]

So if i needed to can i use this contract that were going over ; i just want confirmation. Still going over it with my lawyer , but i love the simplicity of it.

[@Orion3800]

Rick my man your as cool as the other side of the pillow,😎 great video!!!!👍🏾

[@ItsMeeQouyaa]

Thank you so much, I can’t wait to start my Wholesaling journey in April. 😊

[@brianperry493]

What if you don’t want the buyer or seller to know how much you are making on the transaction? @22:40 they still should see what you have the property under contract?

[@stetsonharris9342]

This helps a lot need these videos..kids wife life ..this works

[@kweezy40100]

Best video out there by far I’m following!

[@charlesisrael3988]

love the video cause it was very easy to understand. Thank you!

[@Risktaker111]

Hey Charles . Let’s work together

[@charlesisrael3988]

@@Risktaker111 work on what exactly David?

[@Ghostmoe]

Amazing video thank you!

[@Himithor]

Hey RG....How do we find a real estate attorney to review the contract?

[@I_Am_AVPH]

Very clear video !! Anybody able to clarify what the deposit is for on both contracts ??

[@Str8fowd]

Rick can you use these two contracts for flipping land?

[@alouisgene]

Would I bring these example contracts to a lawyer and get actual ones?

[@thepaperchaser395]

can I do a contract without a lawyer?

[@caidencanales]

Do you guys use their contracts as is? If not, do you guys first go over it with a lawyer first before starting?

[@DailyEpicClips00]

21:03 i have a question. Now if im working by myself and i want to sign this contract and my name is mohammed should i put my signature only or im i gonna get in trouble if i do that? i honestly dont know because im gonna assign this contract and im working by myself so how does it work please help and answer me if u dont mind.

[@heavycartmedia]

Hey I don’t wanna get confused. Do we send these contracts to the title company once both are filled out? Or we send the first contract to the title company when we lock the contract. Then send it to the title company again when we assign the contract?

[@K.dracoF90M5]

Yess help please

[@Mark.gouveia]

someone help us!

[@K.dracoF90M5]

Did lil research you take both contracts to title company after both parties have signed. After you keep rapport until everything is finalized

[@369josh]

@@K.dracoF90M5wrong

[@dante009.5]

this is such a good video

[@UFCedithub]

A bit late to this but i’m an 18 year old right out of highschool trying to get into wholesaling but i’m looking for the best way to learn such as who i should learn from, how i create my own contracts, also how to not make a mistake that could blow a deal that could make me lose an investment, and also most importantly how much i need to start if anyone has any suggestions or advice please reply to my comment so we can get in contact or put me in the right direction.?

[@Her_Sisu]

Rick skipped #14 on the assignment contract. What date do we put in for that?

[@cristiancervantes7049]

Was questioning that as well

[@nicholetolbert9139]

The buyer usually has 48 hours from the date the contract is signed to send EMD to title/escrow company.

[@Her_Sisu]

@@nicholetolbert9139 thank you!

[@mattiec8294]

@@nicholetolbert9139on the original contract for EMD i out $1000. would my buyer out $1000 to cover it if i ask him to cover it

[@teevlogs5349]

For number 14 on the assignment how long in between do you like to do before the closing date?

[@HoezaeJimenez]

Lmk if you find out I’d appreciate it

[@AuthorJW]

doing a virtual deal do you use docusign for signatures?

[@Manman2.9]

Yes

[@yeicinco]

My question is do I get the deposit from the buyer before going to the title company to revise everything with them or how does that work I’m kinda confused someone help me

[@nicholastaitano]

@rick! What about line 14 from the assignment contract?

[@HDwasteSolutions]

I’m motivated! Thanks for this video. ❤

[@kajunazianwelder]

wow love the content

[@718World]

Ready!

[@AndruTyson]

So you have to shell out 500 to the original seller or is that only if you miss that deadline

[@ricardorivera0340]

hello im working on my first deal and was wondering exactly what am i looking for on when it come to legal description on the buyer side

[@DevariusSimmons-yx5pi]

Same here did you ever find out

[@mattiec8294]

@@DevariusSimmons-yx5pihey did you find out ?

[@scripzy1253]

Hey can I use these contracts in Houston Texas? I’m aware there are specific things needed here in Houston

[@NathanManzano-ci2yl]

Let me know if you started man I’m in Houston as well

[@Pauyozemin]

Do u guys have cash buyers in Houston?

[@scripzy1253]

@@Pauyozemin yes I do!

[@Himithor]

RG great vid.....If our state requires a state issued RE contract, what parts of your contract should include from your contract ? Thx

[@barbaraparrish-p9y]

Hi, thank you so much for the content

[@lawrence7323]

hey rick so im tryna use the contract and upload it to doc u sign, but I'm just wondering how can I separate the purchase and sales agreement from the assignment so I can send out these contracts without any confusion?

[@FlipWithRick]

Export the pages from the PDF!

[@reynaldojgarcia1460]

Hi,where I get the contracts

[@JordanFaifai]

Does this work in oregon? Any changes need to be made to the contracts?

[@offdaair]

And to confirm we Can use this contract in Active Deals?

[@TonyBanda-n2s]

the contracts you provided is all i need?

[@FlipWithRick]

Yes!

[@C-Bus6foot2athlete]

Do these contracts also work for land?

[@jayflacko60]

Is there a part in this contract that states end buy shall assume all closing fees etc? Or any other expenses

[@FlipWithRick]

Yes!!

[@rickyfiallos6223]

Thank you so much

[@mal7766]

If im using the buyers EMD to fund my EMD between the seller and I, does the buyers EMD go to me, then I send it to the title company? Or does the buyers EMD go to the closing company alone then I put a clause that states I can use the EMD from the buyer to fund the selller side EMD?

[@Raggletrack]

Hi guys! Is the total deposit amount the same as the Ernest money that is required at the title company??

[@RealtorBobby35]

Can you use the same contracts for commercial property Wholesaling?

[@sanyarsan5875]

can this contract be used in washington? also how do i use this contract with the yellow writting on the top?

[@lannessdrennon8226]

Where does the down payment from buyer go? Does payment go to wholesaler or title company??

[@RizeNthryve]

I am a Realtor and started watching your videos but have a property that I know what the Seller is asking which is 40% less than the market. He went through a divorce and wants this property sold ASAP. I reviewed the COMPS and this is basically a Gold Mine. I reached out to my investors and I can Clear 100k by assigning or earn $20k through commissions. Am I overhthinking Integrity? I just don't want to lose business for knowing business too well.

[@Griffin-58]

Do what’s in your best interest

[@369josh]

I’m a realtor too. What did you end up doing?

[@jolenewheelis420]

Central Florida here! Looking to get my first deal under my belt ASAP! Anyone looking to JV?

[@deantonysmith7047]

Quick question received the purchase agreement but can not find the assignment contract please advise

[@RashaadPhoenix]

does this contract work in Houston?

[@kylethomas7768]

Quick question should you sign the contract at the title company or just anywhere ?

[@Electricchuck23-]

Does the title company need to be in the state you live in or the state you are wholesaling a property?

[@demonknight894]

I’m in Texas and there’s a new law for January 2024 about disclosing you’re wholesaling. How do I apply it?

[@Interesting70]

Ive seen where some wholesailers, write a check, separate from deposit for the inspection period? Usually like $10 dollars. Is this necessary, and escrow used to be like 10 days now is 30 days more the standard? Thanks in advance.

[@sydneylavail]

Hey Rick if you could give me a little more information on step 3 in terms and conditions where does the 5,000 come from is that earnest deposit or.

[@ViralPulse6]

Watever amount you put on your deposit serves as a form of security and demonstrates the Assignee's commitment to the transaction.

[@anerdiaz5225]

How would you go about extending the inspection period?

[@essjay8296]

I don't have any money to fund my part of the agreement. But while making out the contract, I don't have to pay any money upfront, just when the deal is closed, and then my EMD comes out of my wholesale cut, right?

[@SavvyInvestments-o7n]

Can this contract be used if an agent is also involved? and how do we add agent commission?

[@ivoryeljah6536]

hey rick when you said you can put youre name as the buyer why would you put youre name and not youre cash buyers name or llc ? am i missing something you were saying

[@fruitloops2178]

Can I have a title company to do all this paperwork for me? Not including purchase agreement and assignment of contract

[@thayyang6972]

For line 12, do you have to put that new amount on contract?

[@cryptomemetrader]

So the deposit field is the Earnest money?

[@FlipWithRick]

Yes

[@virgounapologetic]

Do we have to do earnst money, if so how if we are bsginners with no money.

[@FlipWithRick]

It depends on what title company will allow

[@AccioPotterGuy]

Rick. Very important question here. Should we get a LLC prior to starting this? I mean if we dont then we have to change our email, socials, and suff later. It would also protect us if we get sued, right? Because the business would get sued and not us personally. Or should we get a few deals in THEN get a LLC?

[@Worldwide_Rio]

You don't need a LLC right away. Get it after you close a deal.

[@itsdawsonpotter]

so i mean do you present BOTH contracts to the end buyer

[@andrew681able]

hello i have a question if anybody can answer it thank you. When i sign my name if i'm independent and not with a company nor do i have a LLC. Am i just going to have to risk putting my name on it or do i put my name and i add the title company? but then i'm thinking he said you have to add president so i couldn't lie and say i'm president of the title company. HELP thank you!!!!!

[@ReemTvOfficialYT]

Thanks you 🙏🏾

[@ReallifeofJillyRayRay]

Thanks so much ❤️

[@malikbowers3475]

Should I have the seller sign the contract before buyer has seen the contract ?

[@FlipWithRick]

Yes!

[@robstv2805]

Are the contracts presented in the video can they be used in all 50 states

[@whitney163]

can both of the contracts be used in all states especially Texas

[@Baby_Nuuk]

I got mine

[@Ssultan1723]

where do you get this document/template from?

[@Jafaleitv]

I’ve been trying to download the contracts, but it’s not working. Every time I try it says sent but it’s not. I checked the Spam and everything

[@JustyySZN]

So for instance, the $500 deposit… am I (the wholesaler) paying for that? or the buyer?

[@kiaatyyy1210]

yes but it is refundable as long as you find a buyer

[@mattiec8294]

@@kiaatyyy1210can’t i just put $1000 EMD, hold that until i find a buyer and tell them it’s $1000 EMD and once they fill out the assignment i send both contracts to TITLE and it’s payed ?

[@dwayneking4285]

Hey Rick is it Best to use this contract with the Disclaimer at the Top? Or edit it & Remove It?

[@Mark.gouveia]

Remove it!

[@iamtheeliz]

can i use this for land as well?

[@AzureSpringPropertiesllc]

Assignment deposit goes to seller or title co.?

[@SomethingBetterlol]

where can i get the assignment contract

[@vidushrana4514]

When I signed up to get the email for the contract it never came through is it a mistake on my end? Does anyone mind sending it over to me?

[@jjcaballero5969]

How is the deposit paid and by who?

[@FlipWithRick]

You for EMD and buyer with theres

[@LeagueOflegendsPrime]

Hi i try to get a dl document but I don't see any email on it.

[@lvl-savage-lvl6659]

Anyone in Pennsylvania that wants to JV and work together let’s get it I been driving for dollars!! Also doing tons of research

[@aquajahhicklin7799]

✋🏾

[@lvl-savage-lvl6659]

@@aquajahhicklin7799where in pa you from ? And since I posted that comment I’ve expanded my cash buyers list and built relationships with realtors 😭 im posting this at 5am just grindinggggg😂

[@djoubairoudiallo5095]

Yes I’m located in Philadelphia Pennsylvania

[@jazmynechavez2502]

Hi ! I’ve been trying to download your free contract but I’m not getting it . I’ve tried multiple emails and still nothing !

[@FlipWithRick]

Check spam

[@premiumnetwork1953]

who pays for the deposit , the wholesaler or the buyer ?

[@BeachBum51050]

There are 2 deposits: (1) wholesaler to the title company for the seller expressed in the PA. (2) buyer to the wholesaler (this is no refundable).

[@premiumnetwork1953]

@@BeachBum51050 so if I had no money what so ever. Can I still wholesale? Because I have no cash whatsoever for any deposit

[@jorgevaldivieso1531]

What’s a good software to use to easily edit the contact and send without the them being able to edit

[@chazrobinson634]

having trouble finding the legal description how do you find the tax number and what is a propery appraisal site

[@higherheightsgardens1390]

Go to your county accessors website enter the parcel number or apn the property will pop up and it will Give you the legal description zoning lot dimensions..a link to the tax bill etc

[@prestonaylsworth21]

⁠@@higherheightsgardens1390is parcel number, the address? What is “apn”

[@maytetorres7443]

Could you recommend me a title company in Miami?

[@johnstoll_]

The email to get the contract is not working. I've submitted my email several times and the contract download hasn't shown up in my inbox or spam. Is there another way to download it?