example of flex option contract

Wholesaling
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example of flex option contract

Michael C.
FL · Member since 2008 · 40 posts · 2 votes

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

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    17y

    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.

    Curt Davis - KAIZEN Realty538 Reviews
    WebsiteView Page
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  • Michael C.
    OP
    FL · Member since 2008 · 40 posts · 2 votes
    17y

    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

    0Reply
  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    17y

    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.

    0Reply
  • Michael C.
    OP
    FL · Member since 2008 · 40 posts · 2 votes
    17y

    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

    0Reply
  • Norm Chrostowski
    Real Estate Investor · Lakeview, NY · Member since 2009 · 309 posts · 49 votes
    17y

    Mr Investor can I get a copy of that too?

    0Reply
  • Jeff Warner
    Real Estate Investor · North Central Arkansas · Member since 2009 · 509 posts · 178 votes
    17y

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

    Jeff

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  • Hasani Davis
    Member since 2018 · 1 post · 0 votes
    7y

    I am a new real estate investor and dearly appreciate if some can sent me a copy of the straight option contract,flex option contract,assignment contract.thank you

    0Reply
  • Michael FerrariPro Member
    Investor · West Palm Beach, FL · Member since 2015 · 5 posts · 0 votes
    7y

    Additionally, I would be grateful to see a copy of the flex agreement; just send you an invite to connect. Thanks!

    0Reply
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