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Forums » Wholesaling » example of flex option contract

example of flex option contract Subscribe to example of flex option contract

7 posts by 5 users

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Michael C.

· Florida


Forum_avatar_avatar-mike123

Icon_minipost Aug 06 '09, 05:33 AM

Hi,

Can someone please post an example of the flex option contract or some contract that allows you to have an option to buy without putting up any consideration money?

Thanks in advance,

Mike

Edited: 06/26/2010 at 09:15AM


Curt Davis

Wholesaler · Memphis, Tennessee


Forum_avatar_avatar-curt
Pro

Icon_minipost Aug 06 '09, 06:13 AM

First, are you looking to flip the home or planning on leasing it to a lease option renter?

Seller has a home for sale or advertised lease purchase.

You come in and say you will lease option the home for X and you want it for a certain length of time. You also want a monthly rent credit. Do not put any money down or do very little if possible.

If the seller agrees you will take control of the home and lease it to a lease purchase renter who you will have put down 3%-5% of the sale price. You will also give them a rent credit but you will charge a higher rent, maybe $100 higher than the going rental rate.

Get your lease renter to execute the sale and you will do very well.

Edited: 06/26/2010 at 09:15AM

Small_buymemphisnow_stacksCurt Davis, buyMemphisnow.com
E-Mail: crtdavis@gmail.com
Telephone: 901-881-0552
Website: http://www.buymemphisnow.com
Full Service Real Estate Investing in Memphis TN


Michael C.

· Florida


Forum_avatar_avatar-mike123

Icon_minipost Aug 06 '09, 06:50 AM

Thanks for the quick reply Curt. I am looking for an option agreement to wholesale another wholesaler's deal. I have a wholesaler who doesn't have a buyer and I think I can make something out of this, but I don't want to risk or put up anything.

Thanks in advance,

Mike

Edited: 06/26/2010 at 09:15AM


James Hiddle

Real Estate Investor · Altus, Oklahoma


Forum_avatar_avatar-mr_investor

Icon_minipost Aug 06 '09, 07:20 AM

I have a flex option contract that will help you. Send me a colleague request with your email addy and I'll send it to you.

Edited: 06/26/2010 at 09:15AM


Michael C.

· Florida


Forum_avatar_avatar-mike123

Icon_minipost Aug 06 '09, 08:39 AM

Hi Hi Mr_Investor,

Just sent you a colleague request. BP doesn't allow me to send PMs to non colleagues. Accept colleague request and I'll send you my email addy.

Thanks in advance,

Mike

Edited: 06/26/2010 at 09:15AM


Norm Chrostowski

Real Estate Investor · Lakeview, New York


Forum_avatar_avatar-csxman

Icon_minipost Aug 06 '09, 11:03 AM

Mr Investor can I get a copy of that too?

Edited: 06/26/2010 at 09:15AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Aug 06 '09, 02:40 PM

When you say "flex option" are you referring to what is sometimes called a "straight option"?

Jeff

Edited: 06/26/2010 at 09:16AM


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