The BreakOut Real Estate Show
About This Show
Chris Tracy is a real estate agent and investor with a strong background in the field of Human Services, working with people that have disabilities. Due to concerns about his financial future, Chris describes his transition into real estate investing and how he recently "Broke Out" and successfully entered the world of investing in large, multifamily apartment buildings.
He truly has a passion for helping others and is also the author of the book, "The Apartments Investing Action Guide For Beginners".
All the tips, strategies, and resources can also be found on www.BreakOutRealEstate.com.
Enjoy the show, take action on what you learn and please let us know what you think!Read more »
Most Recent Episode
Lesson 23: Contracts 101: What You Always Wanted To Know, But Were Afraid To Ask
*** DISCLAIMER *** THIS EPISODE IS FOR EDUCATIONAL PURPOSES ONLY... PLEASE SEEK THE APPROPRIATE LEGAL ADVICE FROM AN ATTORNEY WHEN DEALING WITH CONTRACTS & FORMING SYNDICATIONS
What type of contract is used- same as residential? [1:59] How to engage an attorney [2:13] Intro to the purchase and sale agreement [3:59] Make sure you have this [4:24] What about an LLC? [4:40] What is an earnest money deposit? [4:45] Pitfall to avoid-one [5:00] Pitfall to avoid-two [5:33] How to be more competitve with a stronger offer [5:51] How does title insurance factor in? [6:05] What is a UCC search? [7:02] What happens If I back out? [7:25] Time is of the essence! [7:50] One of the first things you should do [8:14] What is estoppel? [9:01] How brokers are paid [9:30] How a seller tried to "take the $ and run"! [10:02] What about taxes? [11:54] Big golden nugget [12:08] What if I'm assuming the loan? [13:27] How about seller financing? [13:36] How does wholesaling work? [13:46]Read more »
Episodes of This Show
Dec 31, 2017
Dec 30, 2017
Dec 29, 2017