Wow, that's an extremely informative reply! I guess buying a course is the answer to everything, we might as well forget the idea of sharing info among each other and look at high-priced courses as our sole means of gaining knowledge. MI, is this the intent: As long as you shelled out the bucks for the course, everyone else should too cause there's no way anybody's getting the info for free? That's too bad. Seriously though - for those of us looking for reference material or training manuals or courses, can someone recommend a comprehensive guide to the "subject to" method? Thanks!
Too bad everything in life isn't free, some things people just wish to hold on to.
Also, something like documents need to be state specific, so what works for me in FL may not work for someone in Iowa.
However, to be general, the only real documents you will NEED are the:
Deed & POA
All the other documents depend on who you learned from. If you want a good course, John Locke offers one. Does he list the documents he feels you should use?.....yes. Ron LeGrand also has a good course...he too list the documents he feels you should use. Again, it just depends on who you learn from.
I've also heard of Randy and Charlie, Lou Brown, and William Tingle all having courses on the subject and all listing different documents you should use.
The people who invested in these different courses tend to have a pride of ownership over what they know and have. I think you might feel the same way if you invested in one. But I'm not saying you should go out and buy a course, you can get your information in other ways... [ Edited by nebulousd on Date 06/25/2004 ]
You need to study more. Nothing is free. If you don't know or haven't found out enough to know the answer to your question, then you need to do more research. Go to your local library (free!). Read the forums and articles on this site. It will take you some time, but you'll find the information that you want for little cost. If you want a short cut, you'll have to spend money.
I would also HIGHLY recommend finding your local REI club. Click on "Groups" in the blue linkbar above and then click on your state. You will find clubs listed there. It is a GREAT way to network and it can be inexpensive.
I think that you'll find out that the form/documents themselves are much less important than the knowledge surrounding the proper usage of said forms/documents. Just using a form/document provided out of context could potentially just get you in trouble and turn you off to REI anyway.
DELETE-this part wasn't needed.
Good luck to you!
AllCash [ Edited by nebulousd on Date 06/25/2004 ]
It is likely that any forms one might list belong to an author. Very few of us own the copy-write to the forms we use. We have the right to use them, not publish them to others.
If you posted a question about a deal you are working on and whether it is a good deal or not, I can see this question being answered. One would feel that you already have the proper state specific paperwork to complete the deal and only want an opinion.
The majority of of investors doing deals paid for their paperwork, when someone has to beg for paperwork on a discussion board, why should anyone share it with someone who hasn't earned the right to it through using their own money, time and experience.
This board is about sharing with others but sending out investors papework with someone goes beyond the call of duty, unless the paperwork is not valid and someone wants to lessen the competition in their area.
If anyone thinks it is just about selling courses then why not just use a paper napkin "I am selling you are buying for $X dollars" and sign it, whether you get the information in a course, through an attorney, a professional tax consultant or a variety of individuals that do not give information away for free, don't you think there should be some committment on the part of a new person other than "please give me".
Go to the library, do searches on the internet, visit a title company, consult with an attorney, but asking for free paperwork is not the recommended way of becoming involved in creative real estate investing.
Bring me, Buy Me, Take Me, Get Me, I had a girlfriend who was this way, you notice the opportune word here is "had".
Yes, good perception, off the top of my head I can think of 10 different Deeds that might apply or 30 different Purchase Agreements or 50 different Power of Attorneys maybe 25 different trusts, 15 or so different insurance letters, does he need the seller to sign off documents for termite inspection, house inspection, etc.,
So if the question was only about what documents, which state specific ones would you say applied to this posters particular situation since he was only asking for a list of documents, make sure you don't miss any that would put this investor in harms way when doing a deal?
Any good RE course will give you steps on "how-to".
Any good course will have listed in those "how-to" steps:
step 8: "--make paperwork state-specific"
It's just one of those things that aren't cookie-cutter-works-in-my-area. As others stated, there are endless possibilites on what forms to use. This is where consulting one of your team members (a crucial structure to any successful business), i.e. attorney, is a necessity.
buy a course like the rest of us did.
Wow, that's an extremely informative reply! I guess buying a course is the answer to everything, we might as well forget the idea of sharing info among each other and look at high-priced courses as our sole means of gaining knowledge. MI, is this the intent: As long as you shelled out the bucks for the course, everyone else should too cause there's no way anybody's getting the info for free? That's too bad. Seriously though - for those of us looking for reference material or training manuals or courses, can someone recommend a comprehensive guide to the "subject to" method? Thanks!
Too bad everything in life isn't free, some things people just wish to hold on to.
Also, something like documents need to be state specific, so what works for me in FL may not work for someone in Iowa.
However, to be general, the only real documents you will NEED are the:
Deed & POA
All the other documents depend on who you learned from. If you want a good course, John Locke offers one. Does he list the documents he feels you should use?.....yes. Ron LeGrand also has a good course...he too list the documents he feels you should use. Again, it just depends on who you learn from.
I've also heard of Randy and Charlie, Lou Brown, and William Tingle all having courses on the subject and all listing different documents you should use.
The people who invested in these different courses tend to have a pride of ownership over what they know and have. I think you might feel the same way if you invested in one. But I'm not saying you should go out and buy a course, you can get your information in other ways... [ Edited by nebulousd on Date 06/25/2004 ]
You need to study more. Nothing is free. If you don't know or haven't found out enough to know the answer to your question, then you need to do more research. Go to your local library (free!). Read the forums and articles on this site. It will take you some time, but you'll find the information that you want for little cost. If you want a short cut, you'll have to spend money.
[ Edited by nebulousd on Date 06/25/2004 ]
I would also HIGHLY recommend finding your local REI club. Click on "Groups" in the blue linkbar above and then click on your state. You will find clubs listed there. It is a GREAT way to network and it can be inexpensive.
I think that you'll find out that the form/documents themselves are much less important than the knowledge surrounding the proper usage of said forms/documents. Just using a form/document provided out of context could potentially just get you in trouble and turn you off to REI anyway.
DELETE-this part wasn't needed.
Good luck to you!
AllCash
I'm beginning to think this site is only directed at making money for subject to hand books claudebarley. Its so hard to list a couple forms huh!!
It is likely that any forms one might list belong to an author. Very few of us own the copy-write to the forms we use. We have the right to use them, not publish them to others.
John
[addsig]
johnk33,
Glad to meet you.
If you posted a question about a deal you are working on and whether it is a good deal or not, I can see this question being answered. One would feel that you already have the proper state specific paperwork to complete the deal and only want an opinion.
The majority of of investors doing deals paid for their paperwork, when someone has to beg for paperwork on a discussion board, why should anyone share it with someone who hasn't earned the right to it through using their own money, time and experience.
This board is about sharing with others but sending out investors papework with someone goes beyond the call of duty, unless the paperwork is not valid and someone wants to lessen the competition in their area.
If anyone thinks it is just about selling courses then why not just use a paper napkin "I am selling you are buying for $X dollars" and sign it, whether you get the information in a course, through an attorney, a professional tax consultant or a variety of individuals that do not give information away for free, don't you think there should be some committment on the part of a new person other than "please give me".
Go to the library, do searches on the internet, visit a title company, consult with an attorney, but asking for free paperwork is not the recommended way of becoming involved in creative real estate investing.
Bring me, Buy Me, Take Me, Get Me, I had a girlfriend who was this way, you notice the opportune word here is "had".
John $Cash$ Locke
My perception of this question was simply what the forms were. Not necessarily the wording to the forms.
rmdane2000,
Yes, good perception, off the top of my head I can think of 10 different Deeds that might apply or 30 different Purchase Agreements or 50 different Power of Attorneys maybe 25 different trusts, 15 or so different insurance letters, does he need the seller to sign off documents for termite inspection, house inspection, etc.,
So if the question was only about what documents, which state specific ones would you say applied to this posters particular situation since he was only asking for a list of documents, make sure you don't miss any that would put this investor in harms way when doing a deal?
John $Cash$ Locke
Johnk--
Any good RE course will give you steps on "how-to".
Any good course will have listed in those "how-to" steps:
step 8: "--make paperwork state-specific"
It's just one of those things that aren't cookie-cutter-works-in-my-area. As others stated, there are endless possibilites on what forms to use. This is where consulting one of your team members (a crucial structure to any successful business), i.e. attorney, is a necessity.
may God bless your investing.
Kyle