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Updated about 11 years ago,

User Stats

581
Posts
32
Votes
Tony Marcelle
  • Bessemer, AL
32
Votes |
581
Posts

How to use straight options?

Tony Marcelle
  • Bessemer, AL
Posted

How to use a straight option to purchase contract and can I use a regular assignment contract to assign the straight option to purchase agreement? I saw an assignment of option to purchase agreement in the file place located under the resources. Would I have to use that contract specifically when assigning the option to purchase contract or can I use a regular assignment contract? I would also like to know who would be my best targets when I am using the straight option to purchase agreements. For anyone that has done this strategy, explain how I should structure my offer price with the seller and my assignment fee to the end buyer. This is somewhat similar to assigning a wholesale deal. Is it? Oh and one more thing. Do I have to get the contracts notarized. If so, I can do that for free at my bank. Thanks.