REAL ESTATE INVESTMENT TRAINERS’ TERMS OF SERVICE
UTP Holdings, LLC DBA as Real Estate Investment Trainers (hereinafter referred as REIT) has entered into a relationship with you as our TRAINEE based upon the terms of this agreement. As a TRAINEE of REIT, you are entitled to the following:
Attendance to a 3 Day House Flipping Workshop (10:00AM to 7:00PM) usually on the third Friday, Saturday & Sunday of the Month where TRAINEE will be taught the fundamentals of how to find and flip or wholesale homes using other people’s money. TRAINEE will be provided with access to our online calendar for proper planning. Event dates are subject to change. In the event of an event change date, TRAINEE will be notified by email and/or SMS (text massage) with at least one week notice.
Money Back Guarantee
We know you’re going to have so much fun learning the house flipping process that we offer a 100% Money Back Guarantee. If at the end of the FIRST DAY of our 3 day workshop you are unhappy for any reason, we will return your full investment. (If you don’t say anything after the first day, you are saying you fully comply with our program and have decided to stay the entire course)
You are entitled to re-attend our monthly 3 day workshop as many times as you want for up to one year after the date of initial enrollment as long as you volunteer as a “Coach Assistant” and assist us during the workshop you choose to re-attend.
Bring A Guest At 50% OFF
You can do this program with a spouse, friend or another legitimate business partner at 50% discount for the second person. TRAINEE(s) understands that if he/she chooses to take advantage of our 50% discount, both TRAINEES’ names or entity names representing their interest must me listed as principals on all deals. Meaning, neither TRAINEE would be allowed to enter into separate agreement with REIT if they wanted to.
100% Fundraising Limited Time Offer
For a limited time and during TRAINEE(s) first year of enrollment with our company, if TRAINEE(s) decides to enter into a joint venture agreement on a specific property, REIT will do the fundraising needed to buy and rehab said property. TRAINEE(s) understand that in order to protect REIT’s relationship with the private lenders, all deals must be approved by REIT(s) own discretion.
Joint Venture Agreement
This Partnership agreement is between TRAINEE and/or TRAINEE(s) conjunctively known as TRAINEE and UTP Holdings, LLC hereby referred as REIT for the provision of services, and information relating to the negotiation, marketing, purchase and sale of real estate property secured by TRAINEE. All parties understand that each of the partners will play a particular role.
The role of TRAINEE includes securing properties by finalizing negotiations with sellers for principle beneficial interest with themselves or their associates. REIT will also act as a consultant for this partnership and may offer opinions. TRAINEE agrees to hold harmless REIT and its managers for any loss that TRAINEE may incur as a result of these opinions.
TRAINEE(s) understands that REIT or its managers are not attorneys or CPA’s and cannot give legal or tax advice and no claim stating otherwise have been made. TRAINEE is hereby advised to do his/her/their own due diligence for any possible acquisition that he/she/they is/are considering pursuant to this business relationship.
Upon the acceptance of a seller’s offer, REIT shall coordinate the successful acquisition and will fundraise 100% of the money needed to acquire and repair said property. TRAINEE understands that in order for REIT to fundraise any money, UTP Holdings, LLC will have to be listed as the buyer principal on purchase contract.
TRAINEE, under the direct supervision of REIT shall coordinate the successful rehab of Property. This includes but is not limited to: Coordinate any evictions, connecting and disconnecting utilities, securing the property if needed, installing alarm systems, preparing scope of work, obtain bids from contractors, architects, engineers, surveyors , etc.; obtain building permits (if needed), accompany contractors to buy materials, supervise contractor’s performance at least two times a week, deliver contractor’s payments at least once a week, collect new keys from contractors, get bids from property management companies if needed, and any other activity which is deemed necessary to complete the rehab.
Upon completion of the rehab, REIT will coordinate the marketing and resale of property. It shall hereby be understood that REIT commonly uses the services of servicers such as escrow companies, contractors, title companies, home inspectors, termite inspectors, and real estate professionals. TRAINEE understands that these servicers may be compensated for their efforts.
COMPENSATION: TRAINEE is entitled to 50% compensation of the net profits if TRAINEE secures the contract and under REIT’s supervision completes the rehab on the property. If TRAINEE, chooses NOT to coordinate the rehab or is unable to do so, TRAINEE understands that his/her compensation would be 20% of the net proceeds as a wholesale/or finder’s fee. if TRAINEE received assistance in securing the contract by utilizing the services of any of our “Assistant Coaches”, TRAINEE understands his/her compensation shall be 10% of the net proceeds.
All parties hereto agree that TRAINEE, or any corporation and/or its subdivisions, employees, agents, brokers or consultants with whom he/she is associated, will not initiate any actions to circumvent the terms of this or any future agreements provided by REIT or otherwise become involved in any transaction with persons either (1) revealed to him or her by the other party hereto or (2) introduced to him or her through the other party’s contacts during the course of business being transacted, without discussing the pertinent details of such transactions with the other party hereto and without written permission by REIT and/or cooperative parties.
MEDIATION DISPUTES. If a dispute arises out of or relates to this Agreement or its breach, all parties agree to first try to in good faith to settle the dispute by voluntary mediation before resorting to court action.
If either party to this Agreement shall bring a cause of action against the other party, the prevailing party shall recover reasonable attorney’s fees and court costs incurred.
As written, this Agreement constitutes the entire Agreement between both parties, and shall be governed by the laws of the State of CALIFORNIA.