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Hello guys this is ty a k2 man this is video have been asked to do for a while went ahead and did it this is basically how to fill out a contract for your seller of course you know you can get access to all my videos that are free on YouTube at teach me flipping or that's my youtube channel you want to get started with the coach even though I give all the information away through my ninety plunge videos on YouTube if you need a coach you go to flip man coaching and get started right now but on with the video all right what we have is a purchase and sales agreement this is where it all starts a purchase and sales agreement okay all contracts whether it's a ten thousand dollar property or a ten million dollar property I'll start with the contract sure you heard me say that before if you watch or listen to any number of my of my videos audios okay starting with the date May 1st 2014 sellers that's mister seller that's the person that owns the property buyer you the whole seller the street address 1 2 3 Main Street flip City Alabama 3 1 2 3 4 5 is if the county Jones right here you see the legal description not necessary that all the Plus is too long personal property included not sure what that really means but this is where I normally will write out property sold as is this is a printed version of it I normally write all this out but for the sake of this video um my dealing with is more legible than my old handwriting but you can't do this there's some online editors for PDFs and obviously to a word documentary topical you see if you'll of course you live in a PDF but there are some PDF Editor turns out there and all you need to do is just google edit PDF online ok but property sold as is next earnest money deposit ten dollars that's what I normally do I may do more but in most cases ten dollars fifty what I probably much hesitation anything over that a lot of things got to be in place for me to do more than that cash to sell at closing the price here is forty two thousand five hundred but if you subtract ten dollars from that amount at least four to one thousand four hundred and ninety dollars I normally don't subtract it because there's only ten dollars and I just like to keep the numbers even but you can if you want your attend dollars back at closing existing loans and link is not applicable because there's a cash transaction new loan to sell that clothing not Apple because it's a cash transaction I'd normally write this out on the contract in this particular area buyer will pay all closing costs - any unpaid taxes
