confused...

Take a look at the Agreement to purchase contract that Dean has under student resources. Print a copy and read over all of it. Start filling it out just to get the feel of it and before you know it you will get comfortable with contracts. Fill them out over and over for practice.

Jeremy

Welcome to the nuthouse. JK

straight buy w/ cash, no intent to sell:

Do you mean YOU buying w/cash and holding the property? Then a simple purchase agreement (offer to purchase) is all you need.
Are you working with a RE agent? They will fill it out for you. If you're doing it yourself, you can use the one from the site, download a copy of your state-approved contract, or get one at an office-supply store. When I first filled one out, I cheated by looking at one that a realtor had filled out on a previous offer. Anita has a CA contract posted here for reference too.
Are you buying a listed or non-listed property?

Rina

Yea, I plan on holding the property.

No agents on either side, they own it free and clear of any mortgage.

HEY, YOUR IN THE BOOK!!
Nice to meet you!

One possible approach for you is the one I have been using and it has worked wonderfully.
I got signed up with the success academy and call them all the time.
With my current deal the seller wanted to use his contracts so I called the folks at the academy and asked them to look at them and perhaps let me know if they saw red flags. They were very helpful and while I waited they took care of me.
I typically call them and start the conversation with something like, I need bailed out again.

I have to say, if you are new to this they are one of the best resources you could have.

David

I am seriously going to consider that, it would be nice to have them there at a phone calls reach.

I think I'm going to give them a call Friday... next day I'm not terribly busy

David is right on. They will walk you through whatever you need. Don't be afraid to ask here, either, though. We all love to help each other out.
Good to meet you too!!

Rina

Ok now I'm fired up about the acadamey, I'm going to give them a call later tonite

You guys are such a big help, thank you all!!

Knowledge is Power
- Pimpedoutgeese

I'm so excited for you! Ah.....Snap! I guess the GEESE WILL BE PIMPED OUT for real after this closing! Much success to you always...........Lubertha

Congrats !! Good luck with the Academy

Paul

It appears in the thread that you have already received some great information and advice. I just wanted to say it is great your taking action andd learning along the way. The DG website is a great place where we can learn and help each other. Good luck with your real estate investing. Believe and Achieve! - Joe

At some point the contract has to be notarized right?

Knowledge is Power
- Pimpedoutgeese

Is there an attorney involved on your end?

The purchase agreement is the basic outline of the the transaction and will be given to the title company, who will handle the actual transaction for you, along with title insurance, closing, title transfer, etc. At least that's how we do it here (WI), even FSBO.
The final HUD-1 Settlement statement will be the "official" document. Also, the deed which gets recorded.

I have done everything myself for some purchases/sales in the past, but would really recommend going through title/escrow company or RE attorney.

Rina

YOU are awesome Rina THANKS SO MUCH!!!! I actually just got back from the deal!! YEP the deal!!!! I'll post in the "My Deal" section in a little bit.

So who pays for all that you mentioned above:

...who will handle the actual transaction for you, along with title insurance, closing, title transfer, etc...

I have to pay for all that? If so ballpark figure.

Knowledge is Power
- Pimpedoutgeese

No attorney on my end MyDestiny but he wants his attorney to take a look at them. Will there be anything wrong with them you think guys?

Knowledge is Power
- Pimpedoutgeese

You should be ok as long as there is a title search done and I would have an home inspection done. Congratulations again! Keep us posted......Continued success. Lubertha

It's in the contract! Thanks Lubertha!! We're both successful as long as we keep doing Real Estate.

Knowledge is Power
- Pimpedoutgeese

I thought about it for a second you should really let an attorney review it for you! Just for protection. It's a small fee to pay now but can save you later on any errors made on their part. Keep me posted.......Lubertha

ANOTHER QUESTION...

I didn't want to just post another topic being so close to mine, spam up the thread, but anyways:

Another type of deal I was looking into is possibly with my credit lender is putting both of our names on the contract for the house... then filing a quitclaim deed. I put there name on the house so I can get financed through them. (can I do this)

I also wanted to write out a promissory note stating that the credit lender gets the house if I default, now I have no intentions to default, but can I do that even though the credit lender signed a quitclaim?? (Possible?)

Thanks!!

Knowledge is Power
- Pimpedoutgeese