All Forum Posts by: Octavian Cross

Great Job!!!

Wow!! Great deal Stephen!

@Duane Ortega is the $395 processing/application fee charged up front or deducted in escrow at close?

Yes I do, I'll PM you that contact.

Thanks @Brian Gibbons, @John Jackson, @Joe McCall, @Steve A.  and @William Hochstedler for all of your insight! I think I know what my strategy is going forward. Also thanks@Raymond B. for the tip!

Thanks @William Hochstedler ! This is what I was looking for. Assignments are what I would normally do but since I just recently became an agent, I wanted to hear some opinions on which way would be best as an agent. I have no problems at all just brokering the transaction. Is there anyway you could give me a quick rundown on the steps of brokering this type of deal. Again I'm a brand spanking new agent. One thing I was wondering about was whether the tenant buyer paid the option fee to my broker. Any insight would be amazing! Thanks!

@Brian Gibbons I'm very familiar with these deals. Just not as an agent. My training came from "the naked investor" Michael is very knowledgeable in these deals. And besides I'm in the middle of one right now as I just put a lock box on the door earlier today. I just wanted some insight from an agent or some actual deal experiences as an agent as I'M going through my deal. I'm more of a linear approach guy. I guess basically I wanted to hear some opinions from a couple of agents.  I would love to get some training from an agent who's doing these deals as you suggested. @Joe McCall ?

Thanks @Joe McCall @Brian Gibbons, and @John Jackson for your thoughts! Brian, I'm just trying to find the best way to do these transactions now that I'm licensed. So Joe, as an agent you're saying just sign a listing agreement with the seller as any other listing at 3% commission of the total sales price? So I am only asking for 3% of the total sales price as an option consideration? I then assume that the tenant buyer puts my brokers name on the check? I can hear @John Jackson saying "Well that's no fun!!! Lol! And lastly your saying that I can also get 3% when the tenant buyer exercises? @Joe McCall , deal examples/stories are always welcomed from me! And Joe don't you have a partner out in Utah doing these deals also?  Thanks in advance!!

@Joe Mccall ?

Thanks Brian! I'll certainly take measures to implement your suggestions. If there are any other agents out there doing these types of deals, I would love to hear from you.