Hey there! Things have changed here a bit, for the better! I recently updated the free course to help you get to a pay check even faster, and do it with greater ease and consistency, too.
Go HERE to access the new course. You’ll be pleasantly surprised 🙂
Best,
Matt Theriault
when I click on the CYA clause it bring up real estate ad sheet
Thanks Evan. Fixed 🙂
Great stuff Matt. I am glad I found your information. I initially found you by searching iTunes for REI podcasts. I am a subscriber to your podcast! Totally looking forward you this video being complete!
Thanks Tony.
Matt, I love your stuff and the simple Step by step approach without information overload. I would like to mention a point here. The Clause about reassignments is totally unnecessary and may raise flags to your seller. It is unnecessary because unless contract expressly states it is not assignable, any contract is assignable, even if you do not have the and /or assigns in the “Buyer.” However, when you are assigning, the assignee attorney likes to see that assigns in the “Buyer.” when someone asks about the Assignee I tell them. I guarantee I am not going to purchase in my own name so it may be assigned to company, Trust, or other partner.
after all this information and two more video’s and the education I had before I came to your site well no one else to blame but my self if I dont
put all to action
thanks matt
You’re welcome Bob. Stay in touch.
Best,
Matt
Hey Matt,
Love your site. I got back from a Kiyosaki seminar 4 weeks ago and I have been pumped up about real estate investing since then.
I was unable to come up with the $30,000 for the advance training tuition, but I luckily came across your site which was just what I needed to start taking some action.
I have several questions for you after going through your training videos and implementing your techniques.
Is there any way I can contact you facebook, email, or whatever you prefer…
Sure Preston. I’m holding an open public coaching call next Thursday. I would love for you to bring your questions to the community.
EVENT: Epic Pro Academy – Coaching Call
DATE & TIME: Thursday, March 29th at 7:00pm Pacific
FORMAT: Simulcast! (Attend via Phone or Webcast — it’s your choice)
TO INSTANT TELESEMINAR, CLICK THIS LINK NOW…
https://InstantTeleseminar.com/?eventid=27524037
Or… dial in to: (206) 402-0100
Pin code: 019755#
If you have anything pressing, however… you can email me at [email protected]
Chat soon.
Hi Matt,
This may sound dumb but if the seller makes a counteroffer and you want to counteroffer that, you would go home and recalculate right? And in this case can you go back into the original Purchase Agreement online and make changes to it?
Also in the Assignment of Contract how is the assignment fee calculated?
Thanks,
Eileen
Hi Eileen,
No dumb questions here 🙂
Essentially, you should have your minimum deal standards (acceptable minimum profit or cashflow) already calculated prior to submitting your first offer. If you want to counter, absolutely do so… but make sure not to exceed your minimum deal standards. So, yes… you can go back online and amend the contract, but typically a one-page counter offer sheet will be sufficient in listing what’s to be changed.
Regarding the assignment fee, it’s calculated however you want. Make sure it’s high enough to be worth the effort for you, but not too high to cut into the profits of the person you’re wholesaling it to. Wholesaling is a “buy low/sell low” strategy.
Hope that helps!
Hey Matt, thanks for the awesome info! I am beginning my real estate adventure using your info- I’ll keep you posted with how things go.
I have a question about the earnest money: is it ever refunded? What happens if the deal falls through before the money is deposited at seven business days (example from the video)? Why not just make the deposit time longer, like ten business days?
Thanks,
Dan
Hi Dan,
You’re welcome, and please keep me posted.
Earnest money is often refunded. If the deal falls through, it really depends on who’s fault it was. However, if you include solid escape clauses in your agreement, you should always be able to get your money back.
You could make the deposit time longer, and many people do. However, your more sophisticated Sellers will want to see you put some money on the table to show good faith. If they’re going to take their property off the market to allow you to conduct your due diligence, they typically want to know that you’re serious. If you can get away with it, go for it. Most of the time you’ll get a Counter Offer requesting depositing earnest money into escrow.