If you’re a Texas real estate investor, you will have many occasions when you will have to use the TREC form that most realtors use exclusively. My previous article explained how to turn the TREC form into an investor-friendly form. But if there are no brokers involved, or they don’t mind if you and your seller use a different contract form, you should offer to submit the contract form yourself. If you draft the contract, you are in a superior negotiating position, as the other party will have to react to what you propose, rather than the other way around. Drafting your own investor-friendly contract is not as difficult as you might think, and if you follow a few basic principles, you can put together a form that covers all the bases and tips the scales in your favor. You can download an investor-friendly form at the end of this article, or read on and draft your own agreements.
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