I had two salespeople who wanted to withdraw from the contract for 5 months. They didn`t really give me a good reason, but I let them down. One of them said they didn`t want to sell, and the other didn`t really give a reason, but they were super old. Perhaps I should file an affidavit protocol in case they want to sell. Before using a memorandum of understanding, you should get appropriate legal assistance and fully understand how they use the message. Misuse of a memorandum may have the effect of bringing a lawsuit against you for things that involve “defamation of ownership” or damages for interference with another contract/sale, but are not limited to that. This affidavit is a powerful tool that gives you control and prevents the seller from making a higher offer from another investor after already signing an agreement with you. It provides additional protection when entering into long-term leasing options, subject to agreements or instrument agreements. We pass on the contract to a real estate investor (known in the county and who owns 15 houses).

After the trial, we will agree on a price and a deadline. We also agree that, since he doesn`t care who has the degree, we would call on our lawyer, who can close in less than 5 days. We receive proof of the funds and we will begin the process. A contract protocol, also known as a “Memorandum of Understanding (MoU)”, is a form that precedes a sales contract in which two parties agree on the same objective – the sale/purchase of real estate. Robert is CEO of Rei Media and Editor-in-Chief of RealEstateInvesting.com. He has been working in real estate for over 25 years. Licensed real estate agent (at the age of 18), licensed real estate agent (aged 20), a qualified expert and is a licensed contractor since 2006 who has personally supervised the construction of more than 200 houses ranging from 1200 m² of affordable apartments to luxurious custom homes at 6500 m². Robert made his first investment deal at the age of 19 and his first 50+ deals were all made without money and credit.

Robert also invests in traditional real estate investments in websites and domains. Today, his real estate investment career in multifamily syndication is expanding. However, if the seller attempts to enter into a relationship with another buyer, the title company searching the title will see that the seller has an agreement with you, and the title company will contact you from the contact information provided in the affidavit. At that time, you will inform them that the seller already has an agreement with you and should not make further sales with other buyers. . . .