A well written contract offer to control real estate is like a "work of art". A well written contract of sale will speak for you when you are not with it; it will direct settlement attorneys, lenders and will remind the seller what he agreed to do.
Controlling real estate while you are satisfying your investment needs is very important. I want a long settlement date. That is why I use banking days. I always include an automatic extension clause; most things do not go as planned This is a safety value for me to complete settlement searches or to find an assignee.
I love real estate, I just don't want it anymore; I prefer to Control & Roll! Controlling real estate below market value and recycling it within a few weeks, in my opinion, is the absolute highest form of leverage possible and the fastest method to get paid. Usually within 7 weeks. The great part about this is that you never have to own the property.
Every Monday at 7pm (EST) I conduct a teleconference that discusses real estate. This Monday it will be on contract clauses.
The discussion is free, but you may have to pay for the call. Come join me for fast hour of conversation on controlling contract using creative and time tested clauses.
http://www.investorsunited.com/confcall.php
Charles Parrish
What can I say, expect CONGRATULATIONS on Baltimore'w own Michael Phelps. 8 Golds!!