At a recent meetup in Idaho, Pace Morby breaks down a faulty wholesale contract for a subject to transaction. He gives us a run down of basic creative finance legal disclosures and what you need to include in your wholesale contract, including things like whose name remains on the mortgage and how to handle a due on sale clause being called.
NEVER do creative finance without the proper paperwork or a TopTier TC handling it for you!!! If you are a wholesaler, learn how to run this business properly!!!
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Chapters:
0:00 - Intro
1:31 - What makes a bad contract
6:35 - Breaking down a bad contract
11:24 - How to fix a bad contract/situation
14:40 - Story of a bad contract
16:35 - Lazy wholesalers
19:39 - How Pace would fix this scenario
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a RU-vid video for entertainment purposes ONLY ❎
29 июн 2024