What to pay for an Option Agreement

[Nathan Crevier]

I found a property for a fix and flip that turned into an opportunity to buy 4 pieces of property (including two abandoned homes) attached to about 100 acres of land. Preliminary research shows that it might be a good opportunity for a sub-division land developer, so I am trying to get the land tied up with an option agreement. I am getting a handle on what to offer for the land, but Here's the question: What do I offer for the option agreement itself, on such a large deal.