Sub 2 Paperwork Question.
I apologize if any of these questions are ridiculous, but I know there are some very intelligent people on here and just want to make sure we do everything right.
We are getting the paperwork for our first sub 2 deal signed this week. The deal is a good deal for both parties. Exit strategy is set.
I am taking Warranty Deed, P & S agreement, Limited POA and seller information sheet to get signed. I will also collect deed, insurance papers, and all documents pertaining to the property.
Am I leaving anything out?
Not having the paperwork on hand, can I use the sub 2 P & S agreement that is in the TCI freebie section? Also, where is the best place to get a Warranty Deed? The freebie section had one, but the link did not work.
I was also told by an investor friend that we can simply create a land trust ourselves on the Warranty Deed...is this true? How do I explain this to the homeowner so that they dont get confused?
Thanks for all the help...wish us luck!
Suntzu18
There are a lot of things you can do for yourself if you know what to do.
My assumption is to let a pro do the first one or two so I know what to do in the future.
John
[addsig]