Nicole Call is an experienced attorney and real estate investor who loves to share her knowledge. She has worked on hundreds of contract cases throughout her legal career and bought her first rental in her early 20s. She has also helped Utah to develop an historic $100 Million public-private partnership called Falcon Hill. She is always excited to share with you the best practices on contracts, tenant selection and using the law for your investing success.
Contracts are the most important resource in an investor’s tool-kit. They will make or break your deals, directly determine your profit or loss, and ensure that each party gets what they bargained for. Attorney, educator, and speaker, Nicole Call, helps you understand the power behind each clause in the Real Estate Purchase Contract. Nicole begins with basics, such as: What are contracts? Where can I find good contract templates? Why and when do I use specific forms in my real estate investing? Gain access to contract checklists and REPC instructions while learning about contract addenda, ancillary contracts and rental/lease agreements. Know when you may need additional legal counsel to protect your interests and get the deal done. Review the nitty gritty details of how best to complete these important documents and empower yourself with the tools to get the deal done fast and right, the first time. This course will have you negotiating better deals, faster closes and more investment transactions for your real estate portfolio.
This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.
Instructor Nicole Call introduces herself, covers some important disclosures and introduces the course topic that students will learn about: Contracts.
Nicole takes a few minutes to get to know some participants of the live class where they share where they are from, in addition to their real estate experience and the amount of time they have invested with Renatus.
A few of the topics that will be covered in today’s class: the fundamentals of creating, reading, and negotiating the terms of various contracts. The instructor invites the audience to participate in a unique 30-day contract challenge.
In this segment, students are briefed on what types of contracts they can expect to learn about and how the information that they learn will help them in all parts on the nation, not just their state.
Every real estate contract consists of the same things. Offer, acceptance, terms, and capacity are just some of the qualities that every contract must possess.
Learn which elements of a contract must be present to make it enforceable, and be able to examine your own contract to determine if the deal is right for you.
What types of information are found in each and every real estate contract? The instructor also gives a few tips for negotiating.
Learn which legal websites offer free contract forms for the public to use. Customize your form to fit your exact needs.
In this clip, learn how to can better search for legal forms online and use online databases like Westlaw and LexisNexis.
Having a variety of sample purchase contracts in your personal library can help you produce contracts for any situation.
Nicole provides a little background about the REPC (real estate purchase contract) and answers a question about how to properly translate your contracts into a different language in a legal and ethical way.
Learn how to properly mark portions of contracts “not applicable” and understand how important it is that both you and the other party have updated legal addresses.
Nicole introduces the due diligence process for contracting and what students should expect to learn in the upcoming segments.
The class discusses the unfortunate outcome of a real individual who did not do his due diligence when entering a contract and paid the price.
Nicole shares another case study demonstrating how important written contracts are, and when engaging in long-term contracts, it is crucial to maintain the relationship.
Know how you can verify information on a contract to ensure that it is accurate, saving you time, money, and headache later.
This segment demonstrates how boilerplate clauses can contain different types of information about your deal, rather than just standard boilerplate information.
Nicole addresses some of the most common legal questions that real estate investors have across the country.
Christian and Nicole tackle questions about force majeures, rising tax rates, and the proper procedure of evicting tenants.
The live class shares what changes they have made to their sample real estate purchase contract and how they plan to negotiate their requests with the buyer or seller.
Nicole reminds students what constitutes an enforceable contract and examines a sample real estate purchase contract.
This segment breaks down the process of negotiating a counteroffer and how it changes the terms of your contract.
Nicole answers an audience question about an unhelpful agent, and how the buyer’s earnest money might be handled in a particular situation.
This segment covers the Time is of the Essence Clause that is found in every contract. This clause is designed to guide both parties throughout the transaction by dictating the pace and timeline of the deal.
The instructor shares her personal stories about included and excluded property. Everyone needs to be aware of what items are included with the sale of the property and what is not.
In this segment, students will learn about how to request and document miscellaneous items on the real estate contract.
Nicole continues examining the real estate purchase contract and answers a question about amending the contract to allow the buyer to pay with cryptocurrency.
Nicole talks deadlines inside the real estate purchase contract. It is important to set and stick to dates that work for both parties.
Students are reminded to check for certain clauses or statements on their real estate purchase contract. These include: HOA fees, a clear title, rental deposits and pre-paid rents.
The class learns about HOA fees, environmental cleanup responsibility, and how a CC&R can impact your bottom line.
Nicole highlights buyer’s conditions and explains how these conditions can help protect the buyer, but why some buyers might be fearful to use them.
In this clip, the class learns about the various clauses that can help protect both the seller and the buyer. Nicole reminds the class that adding or removing clauses to the contract can be a powerful negotiation tool.
Learn how disputes might be settled in a standard deal, and what the mediation and lawsuit process can be like for you as an investor.
Nicole explains how insurance responsibility is transferred from the seller to the buyer. Students also will learn about risk of loss, and finally, signing and dating the REPC.
Our instructor leaves the audience with some essential resources for creating and reading contracts and unveils the 30-day challenge.
This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.