Protect Yourself - With The Right Agreement

Virtual Real Estate Wholesaling in 30 Days Wholesaler Video Tools Needed To Succeed
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Transcript

I'm Ebony Caldwell with Rei investment society and we are discussing virtual real estate wholesaling in 30 days, one of the most important things about virtual real estate wholesaling is be able to protect your deal. So attached is a protector of your affidavit that you can actually download and you utilize for your deals. But let me just show you how to use this deal. Sorry, this affidavit, as you can see, at the very top where it says clerk of the court, you're going to go ahead and put the clerk of the court of Cook County if is, whatever county you're in, you want to go ahead and put it on there. reference to the book and just basically one page one because there's only one page to this unless you want to go ahead and attach the sales contract to it. And depending upon how many pages of the contract that contract is going to be four pages, eight pages, one or two pages.

Just totally depends, but this is going to basically be an addendum to that contract. This is also going to be something that you get notarized but here you see it says affidavit a memorandum of purchase and sale agreement. State of Illinois county of cook so you go ahead and put your county on here before me the undersigned authority on this day personally appear, your company name which would be evany called a Rhodes portfolio, who been first duly sworn deposes. It says that number one a contract for the purchase and sale of the Real Property described hearing was entered in to buy in between the fire your company name which is evany color realty portfolio as buyer and the seller name which was seller a motivated seller On the fifth day of November. 2017 Okay, number two, any interested party may contact evany called over to portfolio whose Mellon address is, which is my business address 605 North Michigan Avenue, Chicago, Illinois, and whose telephone number is now what this basically saying is, under no circumstances should no one be contacting the seller about that property they should only be contacting me or you the wholesale about the property.

All prospective purchasers beware of a fire has an equitable interest and their hearing describe real property by virtue of properly executed contract. So you see right here, we have a ready, willing and able buyer to close this transaction description of the real estate property, the legal description, go ahead and put the title or like I said, definitely, make sure you pin number property dignification number along with the physical address, Father fi and set, not signed, sealed and delivered in the presence of this is going to be the notary right here. This is going to be my name right here evany Caldwell and again, the notaries going to sign here, this is it. So at the end of the day, you're going to go ahead and protect yourself after recording this return to and it's going to be your mailing address or maybe your attorneys mailing address, or basically whoever your agent is.

Now, your agent of record just basically means maybe it's your assistant, somebody who assists who assist you with all of your legal documents outside of your attorney. So if is their mailing address, you know your agent, that mean that your agent must have a sign part for you. If your agent design is then you go ahead and sign it. So again, protect yourself and this is a form that you use

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