Apologies for joining the discussion a bit late, but I wanted to share my perspective. My preferred approach for handling Subject To remodels is to close on the property Subject To first, and then initiate the renovation work. Once the end buyer has officially taken title, they no longer need the seller’s involvement for listing, executing a power of attorney, or any other transactional steps. It becomes fully their property, and they retain complete decision-making authority. The peace of mind that comes with not having the original seller involved can significantly reduce stress and operational friction. Regarding the seller’s share of proceeds, the buyer has a couple of viable options: Hybrid 0% Seller Finance Structure The seller can receive their portion after the property is sold, secured through a Promissory Note and a Deed of Trust. This ensures their position is protected while allowing the buyer to operate independently. Joint Venture Agreement on Profits. Another option is to execute a JV agreement that outlines the seller’s participation in the profit upon sale. This agreement would be submitted to title, and distribution would be handled at closing. The drawback, however, is potential misalignment: the seller may resist certain sales prices if they feel their return is insufficient, which can create unnecessary complications. @Joseph Valdez sorry for the CHATGPT response man lol

Awesome job @Elias Rahim

@Matthew Medlock If you're not required to use a TREC, it might be easier for the buyer to see a simplified contract. In my opinion, TREC is usually good if you're making an on market offer and dealing with an Agent. Most agent hates having to learn something new, so by presenting a TREC 1-4, they are more familiar. The one downside as a wholesaler with TREC, however, is that you now need to disclose in the contract that you intend to assign. You can do this with an additional addendum or even in the special condition portion. What I like about simple contract, is that it's simple. Get's straight to the point and easier to present to sellers directly. You're able to do a few things here w/ a simple contract that I see is beneficial. You can add sections that states that you may assign the contract and that you may file a memo. The one thing I do notice with simplified contract in Texas that needs to be mentioned is that most don't have an option period. EMD and Option are completely different. I've seen where wholesalers think they are able to cancel a contract and get back their EMD, but they never paid for an option period. With that said, I would never use a simplified contract unless it's drafted by an attorney and you know the in and outs about it. I work with Allison Tipton a lot out of San Antonio. She's a great Creative Attorney who specializes in Subject To Deals. If you go to the link below, she has a simple cash contract for you. https://tiptonlawfirmsa.com/forms

@Brett Erickson I can send your shorten one over if you’re good w it

Newly minted member here — my name’s Johnson. I’m originally from SoCal but moved out to the DFW area a few years ago. Still in the 9-to-5 grind, but I’m blessed to have a flexible schedule that gives me time to chase other goals. I’m currently in the real estate space as a landlord and investor, and I also run my own Transaction Coordination business that I started a couple of years back. I’ve been fortunate to work with Chris and EZ Dispo as a client, and I’ve also collaborated with Brett and Amplified Closing on a few deals. What really pushed me toward real estate was knowing it’s the path that can truly change my family’s future. With two young kids, I can’t imagine what rent will look like 18 years from now — so my goal is to set them up for stability and freedom early on. I joined Profit Partners because I’ve had the opportunity to work with both Chris and Brett, and I really value being around genuine, like-minded people. I’m here to keep learning and to dive deeper into wholesaling. I haven’t closed an assignment deal yet, but I did complete a Subject To deal a few years back that became my current homestead.