Securing Your Deals and a Partner's Promise - How to Use an Attorney or Public Notary for your Deals
A key to our success has been using Americans who bring their
credit score, and funds, to the table to do deals.
We bring the deal to them, manage all aspects of the transaction,
and for just two or three hours of their time to sign loan papers, a
partnership agreement, and closing documents, they make a
very sweet profit.
When you use partners, this is exactly what you should do to
formally record their signature to ensure they don't try to take
advantage of you later on down the road.
So how do you get people to keep their word and share 50%
of the profits with you?
Simple, you have them sign a legally binding partnership
agreement and have the document notarized.
Notarize means you get a recognized legal professional (not
necessarily an attorney) who bears witness to your partners
signature of your partnership agreement, then signs the
document as a witness, and literally stamps it with their legal
stamp of approval from their Public Notary Kit.
Public Notaries can be found in law offices, banks, and at your
city or county's courthouse.
Essentially, this entrenches your document as having been
recorded as a true legal document with Official signature from a
Notary of Public.
Not too long ago, Brad sold his first property. Since he was in
Colorado and the closing was taking place back in Waterloo, Ontario,
his attorney Fed Ex'd the paperwork to him.
He took the paperwork into a local bank, and had one of the Bank
Teller's whom was also a Notary, witness his signatures, sign,
and then stamp where appropriate.
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Voila! He shipped the paperwork back to Canada overnight and it was there for closing on the property the next day.
The best part about using a Notary that works at your bank is that they don't charge you the usual $40.00 fee!
We've talked before about asset protection. You also need to secure your interests and make sure that your smart work doesn't go down the tubes by having someone scam you out of your funds.