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You know what’s awesome?
When you finish recording a video for your blog at 4pm and then spend 3.5 hours in technical difficulty hell before you finally get around to posting it.
You should try it sometime- it’s a real hoot!
My favorite part was when my site went down for an hour and a half (because Bluehost sucks the big one), and then when I went to check my email to get my username and password for my Bluehost account, some douchebag hacked into my Gmail account so I was locked out of that, too.
It was a real laugh riot.
I should have kicked Bluehost to the curb a long time ago, but I’ve convinced myself that my blog is somehow going to get broken or erased while being transferred over to another hosting company (because I am technologically cursed), so instead, I’ve been putting up with Bluehost’s horrible service for the last 2 months in hopes that the problem would fix itself.
It’s never a good sign when you have your hosting company on speed dial.
Seriously, I have them on speed dial.
Number 5.
As a matter of fact, while I was sitting around waiting for them to not fix my site again, I came up with a brand new Bluehost logo, along with a catchy little slogan….
I think I’m going to send it over to the head honchos of their advertising department to see if they find my handiwork as amusing as I do.
I bet not.
So, anyway, now that I have my blog back again, I can share with you the video I recorded earlier today wherein I explain how to fill out the purchase and sale agreement that I’m giving away up there at the top of my site. I get a lot of emails from beginning wholesalers who are intimidated by the paperwork involved in a deal, so I thought it would be helpful to provide you with the necesssary contracts, and then record a few videos explaining how to fill them out.
So, here ya go…
If you need any clarification after watching the video, all you have to do is ask. 
And that’s all I’ve got for today, folks.
Later Alligators!
P.S.
I’ll be putting out another video walking you through both the assignment contract and the option contract, so stay tuned…
P.P.S.
Mark your calendars for next Wednesday, July 14th @ 8pm. I’m hosting a webinar with a surprise guest that you won’t want to miss. (Details coming in the next day or two)
On July 08, 2010 at 9:10pm, Tim Mahoney said...
Hi Steph,
I don’t have a website so Ive never had to deal with hosting problems, but I have had my email account hacked a few months ago which was a major pain in the rear.
I guess it’s better than having my bank account hacked, though, right?
Thanks for the contracts and the video they are more helpful than you know!
Tim
On July 08, 2010 at 10:29pm, Tammy TX said...
Hi Steph,
Sorry you’re having website problems. I’ve been using Hostgator for the last 3 years and have never had a problem. Their customer service is excellent, too.
I hope you get it figured out quickly and painlessly!
On July 09, 2010 at 8:45pm, Art said...
Hi Steph,
I am sorry, I couldn’t pay attention to the video at all…. You said something about “Contracts???”
Next time, don’t do the video showing your nice girly decorated bed, looking so sexy, please. lol
Hey, we are trying to learn here…
On July 10, 2010 at 11:29pm, Eric said...
Hi Steph,
I put my information in the form but I have not gotten the sample documents yet.
it could be my error somewhere, but just in case something is wrong with you auto-responders I’m just letting you know.
Thank you for all you videos.
Eric
On July 10, 2010 at 11:40pm, Stephani said...
Hey Eric,
I just switched hosting companies and something got screwed up with my autoresponders, and also the comments. I just went through and manually sent out the contracts to all the people who signed up for them, so you should have it in your inbox. Let me know if you didn’t get it, and I will resend.
Sorry for the hassle!
Steph
On July 15, 2010 at 11:48am, Doug said...
Steph,
Thanks for sharing your contracts. I’m looking forward to the next video about the assignment contract and the option contract. I have some questions about them and thought I would ask you them before you produced the next video.
How often do you use the Option to Purchase Agreement to start rather than the Purchase and Sale Agreement?
I agree with you that I do not believe it is cool to have a Purchase and Sale Agreement in place and later back out of it simply because a buyer could not be found. So my question comes from the fear of a possible scenario where an Option to Purchase Agreement has been signed, a buyer has been found, but for whatever reason the seller, having seller’s remorse for example, refuses to sign a sales contract. I understand that the Option to Purchase Agreement is legally binding but let’s face it, is going to court over this worth it? Probably not.
I’m asking from the perspective of a wholesaling virgin who is a bit apprehensive about getting a signed Purchase and Sale Agreement in place while…… ummm….. losing my REI virginity. I.E. I have a buyers list in place but no proof that they buyers will perform. Baby steps are preferable. For the sake of this argument let’s say that other exit strategies are in place but the preference is to avoid them.
On July 15, 2010 at 3:43pm, Stephani said...
Hi Doug,
I use the option when I am marketing deals for other wholesalers. I’m not licensed, so I’m not supposed to be marketing houses and getting paid for it, so putting it under option gives me an equitable interest and allows me to market other people’s deals legally.
It’s also good to use if you’re not sure you can find an end buyer for the deal. I guess the seller could refuse to sign a purchase and sale contract, but they could also refuse to sell even if you originally put it under contract using a purchase and sale. I suppose you could threaten them with legal action in either case, but it would probably not be worth your time and effort.
If you’re just getting started and are too nervous to put something under contract, a good way to get your feet wet is by marketing deals for other wholesalers. There’s no risk involved, and you can still make a few grand on each deal while simultaneously getting a great education about wholesaling.
Hope that helps!
Steph
On July 16, 2010 at 5:02am, Doug said...
Good points. In the scenario you mention, marketing for another wholesaler, do you get the seller or wholesaler to sign on your Option agreement?
On July 22, 2010 at 6:05pm, Stephani said...
It would be between you and the wholesaler.
On July 22, 2010 at 12:37pm, Josh Sommerfelt said...
Hey, Brian, please call me ASAP reguarding a short sale. Thanks! Josh 414-460-0505